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

Natalia Mirgorodskaya, Corporate Controller of Upstart Holdings, sold 2,080 shares of common stock at $40.02 per share on August 23, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On August 23, 2024, Natalia Mirgorodskaya, the Corporate Controller of Upstart Holdings, sold 2,080 shares of Upstart's common stock.
• The sale was executed at a price of $40.02 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on November 30, 2023.
• Following the transaction, Mirgorodskaya directly owns 22,477 shares, some of which are restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of an insider stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative prospects for 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 and their potential impact on investor sentiment. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The sale of shares by a company insider could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates