Form 4: Upstart Holdings Director Jeff Huber Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Jeff Huber acquired 542 shares of Upstart Holdings common stock as fully vested restricted stock units (RSUs) in lieu of an annual cash retainer payment for board service.
Summary
- On January 10, 2025, Jeff Huber, a director of Upstart Holdings, Inc., acquired 542 shares of common stock.
- The acquisition was in the form of fully vested restricted stock units (RSUs).
- Each RSU represents the right to receive one share of common stock.
- These RSUs were granted in lieu of an annual cash retainer payment for board service.
- Following the transaction, Huber beneficially owns 25,357 shares of Upstart Holdings common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock ownership. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies. It provides transparency into the compensation structure for board members.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine compensation matter for a board member.
Key Dates
| Date | Description |
|---|---|
| 01/10/2025 | Date of transaction: Acquisition of common stock via RSUs. |
| 01/14/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.