Form 4: Upstart Holdings Chief Legal Officer Sells Shares Under 10b5-1 Plan

Upstart Holdings' Chief Legal Officer, Scott Darling, executed stock option exercises and sales under a pre-arranged 10b5-1 trading plan.

Summary

• Scott Darling, the Chief Legal Officer of Upstart Holdings, Inc., reported changes in beneficial ownership of the company's stock.
• On October 4, 2024, Darling exercised stock options to acquire 1,300 shares of common stock at a price of $13.22 per share.
• Simultaneously, Darling sold 1,300 shares of common stock at a weighted average price of $40.0095, with individual sales ranging from $40.00 to $40.03.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on February 29, 2024.
• Following these transactions, Darling directly owns 161,043 shares of Upstart Holdings common stock and holds options for 347,110 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports stock transactions by an officer. It doesn't inherently indicate positive or negative performance for the company.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common practice for publicly traded companies. It provides transparency into the trading activities of key personnel.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates