Form 4: Upstart Holdings Director Kerry Cooper Reports Acquisition of Common Stock and RSU Grant

Director Kerry Cooper acquired common stock and received restricted stock units (RSUs) from Upstart Holdings, Inc. as part of her director compensation.

Summary

• On January 10, 2025, Kerry Whorton Cooper, a director of Upstart Holdings, Inc., reported transactions involving the company's common stock.
• Cooper acquired 695 shares of common stock at $0, representing fully vested restricted stock units (RSUs) granted in lieu of an annual cash retainer for Board service.
• Cooper also holds 8,278 RSUs, each representing a contingent right to receive one share of common stock, subject to vesting conditions.
• Following these transactions, Cooper directly owns 8,278 shares of common stock in RSUs and indirectly owns 18,656 shares through the Edward and Kerry Cooper Living Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing detailing stock transactions. The acquisition of shares by a director is generally viewed as a positive, but the document itself is purely informational.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the corporate world. It provides transparency to investors regarding the ownership stake of key individuals within the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates