Form 4: Upstart Holdings Director Ciaran O'Kelly Reports Acquisition and Disposal of Common Stock

Director Ciaran O'Kelly reports acquisition of 8,278 shares and disposal of 26,761 shares of Upstart Holdings common stock on May 30, 2024.

Summary

• Ciaran O'Kelly, a director of Upstart Holdings, Inc., filed a Form 4 on June 3, 2024.
• The report details changes in beneficial ownership of Upstart Holdings' common stock.
• On May 30, 2024, O'Kelly acquired 8,278 shares of common stock and disposed of 26,761 shares.
• Following these transactions, O'Kelly directly owns 26,761 shares of Upstart Holdings common stock.
• The acquired securities are restricted stock units (RSUs) that vest on the earlier of May 30, 2025, or the day prior to the Issuer's 2025 annual meeting of stockholders, contingent upon continued service.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

The vesting of the RSUs is contingent upon the Reporting Person continuing as a service provider through May 30, 2025, or the day prior to the Issuer's 2025 annual meeting of stockholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates