Form 4: Upstart Holdings CFO Sanjay Datta Sells 1,500 Shares
SEC Form 4 Filing
Upstart Holdings' CFO, Sanjay Datta, sold 1,500 shares of common stock on September 30, 2024, at a price of $40.32 per share, according to a Form 4 filing with the SEC.
Summary
- On September 30, 2024, Sanjay Datta, the Chief Financial Officer of Upstart Holdings, Inc., sold 1,500 shares of the company's common stock.
- The sale was executed at a price of $40.32 per share.
- Following the transaction, Datta directly owns 340,093 shares of Upstart Holdings, Inc.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 26, 2024.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by an executive. The sale was pre-planned under a Rule 10b5-1 trading plan, so it doesn't necessarily indicate a negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company's stock.
Key Dates
| Date | Description |
|---|---|
| February 26, 2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| September 30, 2024 | Date of the stock sale transaction |
| October 02, 2024 | Date of the Form 4 filing |
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