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

Natalia Mirgorodskaya, Corporate Controller of Upstart Holdings, sold 1,919 shares of common stock at $24.30 per share on February 23, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 23, 2024, Natalia Mirgorodskaya, the Corporate Controller of Upstart Holdings, sold 1,919 shares of Upstart Holdings common stock.
• The sale was executed at a price of $24.30 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on May 31, 2023.
• Following the transaction, Mirgorodskaya directly owns 28,246 shares of Upstart Holdings common stock, some of which are Restricted Stock Units (RSUs).

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale under a pre-arranged trading plan. It doesn't necessarily indicate positive or negative sentiment about the company's future prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by a company insider could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates