Form 4: Upstart Holdings Chief Technology Officer Exercises Options and Sells Shares

Upstart Holdings' Chief Technology Officer, Paul Gu, exercised stock options and sold a portion of his holdings on December 2, 2024, under a pre-arranged trading plan.

Summary

• Paul Gu, Chief Technology Officer of Upstart Holdings, exercised 87,600 stock options at a price of $1.17 per share on December 2, 2024.
• Following the option exercise, Mr. Gu sold a total of 87,600 shares in multiple transactions at weighted average prices ranging from $67.7025 to $75.2571.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 29, 2024.
• After these transactions, Mr. Gu directly owns 863,065 shares of Upstart Holdings common stock.
• The transactions also involved the sale of shares that were part of restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: The document reflects routine insider transactions under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to insider transactions and is common for executives who hold stock options and restricted stock units. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• The use of a Rule 10b5-1 trading plan is a standard practice for corporate insiders to avoid accusations of trading on non-public information.
• The reported transactions are typical for executives who receive stock-based compensation.
• The price range of the sales is within the normal trading range for the stock on the transaction date.

Stakeholder Impact

• The transactions may have a minor impact on the stock price due to the volume of shares sold, but this is likely to be minimal given the pre-planned nature of the sales.

Key Dates

Keywords

Upstart Holdings, stock options, insider trading, Rule 10b5-1, Paul Gu, share sales, restricted stock units, UPST