Form 4: Upstart Holdings Corporate Controller Exercises and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Natalia Mirgorodskaya, Corporate Controller of Upstart Holdings, executed stock options and sold shares under a pre-arranged 10b5-1 trading plan.
Summary
- On August 29, 2024, Natalia Mirgorodskaya, Corporate Controller of Upstart Holdings, exercised options to purchase 2,000 shares of common stock at a price of $0.43 per share.
- Simultaneously, she sold 2,000 shares of common stock at $45 per share.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on November 30, 2023.
- Following these transactions, Mirgorodskaya directly owns 22,477 shares of Upstart Holdings common stock, in addition to 2,000 shares underlying vested stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine transactions under a pre-arranged plan. There's no indication of positive or negative sentiment towards the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The sale itself doesn't necessarily indicate a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| November 30, 2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| August 29, 2024 | Date of stock option exercise and sale of shares |
| September 03, 2024 | Date of Form 4 filing |
| September 18, 2024 | Expiration date of Employee Stock Option |
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