Form 4: Upstart Holdings Director Kerry Whorton Cooper Reports Acquisition of Restricted Stock Units

Director Kerry Whorton Cooper reports acquisition of 8,278 restricted stock units in Upstart Holdings, Inc.

Summary

• Kerry Whorton Cooper, a director of Upstart Holdings, Inc., filed a Form 4 indicating changes in beneficial ownership.
• On May 30, 2024, Cooper acquired 8,278 shares of Common Stock in the form of restricted stock units (RSUs).
• These RSUs were acquired at a price of $0.
• 100% of the RSUs will vest on the earlier of May 30, 2025, or the day prior to the date of the Issuer's 2025 annual meeting of stockholders, contingent upon continued service.
• Cooper also indirectly owns 18,461 shares through the Edward and Kerry Cooper Living Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's acquisition of RSUs, which can be seen as a positive sign of confidence, but it's not overwhelmingly positive.

Positives

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

Future Outlook

The vesting of the RSUs is contingent upon the Reporting Person continuing as a service provider through the vesting date.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in the holdings of a director at Upstart Holdings.

Stakeholder Impact

• The acquisition of RSUs by a director may have a minor positive impact on shareholder sentiment.

Key Dates