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

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

Summary

• On October 11, 2024, Natalia Mirgorodskaya, Corporate Controller of Upstart Holdings, exercised options to acquire 2,000 shares of common stock at a price of $1.17 per share.
• Simultaneously, she sold 2,000 shares at a weighted average price of $45.0113, with individual sales ranging from $45.00 to $45.035.
• On October 14, 2024, Mirgorodskaya exercised options to acquire 3,000 shares of common stock at a price of $1.17 per share.
• She then sold 3,000 shares at a price of $50 per share.
• These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 30, 2024.
• Following these transactions, Mirgorodskaya directly owns 21,518 shares of Upstart Holdings common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider trading activity. The transactions are part of a pre-arranged plan, so they don't necessarily indicate a positive or negative outlook on the company.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives, which is a standard practice in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
• The Rule 10b5-1 trading plan is a common tool used by executives to avoid accusations of insider trading, allowing them to sell shares at predetermined times and prices.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased supply of shares in the market.
• However, the pre-arranged nature of the transactions mitigates concerns about insider information being used for personal gain.

Key Dates