Form 4: Upstart Holdings CFO Sanjay Datta Sells 1,500 Shares
SEC Form 4 Filing
Upstart Holdings' Chief Financial Officer, Sanjay Datta, sold 1,500 shares of common stock on August 26, 2024, according to a Form 4 filing with the SEC.
Summary
- On August 26, 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 $42.44 per share.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 26, 2024.
- Following the transaction, Datta directly owns 347,593 shares of Upstart Holdings, Inc., some of which are restricted stock units (RSUs).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a stock sale by an executive, which is a neutral event.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the executive's view of the company's prospects.
Stakeholder Impact
- The stock sale may have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| February 26, 2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| August 26, 2024 | Date of the stock sale transaction |
| August 28, 2024 | Date of the Form 4 filing |
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