Form 4: Upstart Holdings Corporate Controller Natalia Mirgorodskaya Executes Stock Option and Sells Shares

Natalia Mirgorodskaya, Corporate Controller of Upstart Holdings, exercised stock options and sold shares under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 3, 2024, Natalia Mirgorodskaya, Corporate Controller of Upstart Holdings, exercised stock options to acquire 5,000 shares of common stock at a price of $1.17 per share.
• Simultaneously, Mirgorodskaya sold 4,640 shares at a weighted average price of $40.9882 and 360 shares at a weighted average price of $41.5439.
• These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 30, 2024.
• Following these transactions, Mirgorodskaya directly owns 22,477 shares of Upstart Holdings common stock and holds options for 5,000 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports transactions by a company insider under a pre-arranged trading plan. There is no indication of positive or negative implications for the company's performance.

Positives

• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, which can provide transparency and reduce concerns about insider trading.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-arranged nature of the trades mitigates concerns about insider trading.

Key Dates