Form 4: Upstart Holdings Corporate Controller Sells Shares Under 10b5-1 Plan

Natalia Mirgorodskaya, Corporate Controller of Upstart Holdings, sold 959 shares of common stock at $40.32 per share on September 30, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 30, 2024, Natalia Mirgorodskaya, the Corporate Controller of Upstart Holdings, sold 959 shares of common stock.
• The sale was executed at a price of $40.32 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on May 30, 2024.
• Following the transaction, Mirgorodskaya directly owns 21,518 shares of Upstart Holdings, Inc.
• Some of these securities are restricted stock units (RSUs), each representing a contingent right to receive one share of Common Stock, subject to vesting conditions.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a corporate insider under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by corporate insiders are a common occurrence and are often scrutinized by investors. Sales under 10b5-1 plans are generally viewed as less concerning since they are pre-arranged and not based on current insider information.

Key Dates