Form 4: Upstart Holdings Corporate Controller Sells Shares to Cover Tax Obligations

Natalia Mirgorodskaya, Corporate Controller of Upstart Holdings, sold 1,188 shares of common stock on May 20, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On May 20, 2024, Natalia Mirgorodskaya, the Corporate Controller of Upstart Holdings, sold 1,188 shares of common stock.
• The sale was executed at a weighted average price of $25.6112 per share, with individual transactions ranging from $25.26 to $26.19.
• The purpose of the sale was to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• Following the transaction, Mirgorodskaya directly owns 27,977 shares of Upstart Holdings common stock, some of which are RSUs representing a contingent right to receive one share of common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock sales for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice for corporate insiders and officers to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it's a small transaction related to tax obligations.

Key Dates