Form 4: Upstart Holdings Director Kerry Cooper Sells 500 Shares

Director Kerry Whorton Cooper sold 500 shares of Upstart Holdings (UPST) common stock at a price of $68.09 on March 3, 2025, according to a Form 4 filing.

Summary

• On March 3, 2025, Kerry Whorton Cooper, a director of Upstart Holdings, Inc., sold 500 shares of common stock at a price of $68.09 per share.
• The sale was executed under a Rule 10b5-1 trading plan adopted on August 29, 2024.
• Following the transaction, Cooper directly owns 8,278 shares of common stock and indirectly owns 18,156 shares through the Edward and Kerry Cooper Living Trust.
• Cooper also holds restricted stock units (RSUs) that represent a contingent right to receive one share of common stock each, subject to vesting schedules and conditions.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Investors often monitor these filings to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction relative to the director's holdings.

Key Dates

Keywords

Upstart Holdings, UPST, Kerry Cooper, Form 4, Stock Sale, Director, Rule 10b5-1, Restricted Stock Units, RSU