Form 4: Upstart Holdings Executive Natalia Mirgorodskaya Reports Stock and Option Awards

Natalia Mirgorodskaya, Chief Accounting Officer and Controller at Upstart Holdings, reports the acquisition of restricted stock units and stock options.

Summary

• Natalia Mirgorodskaya, Chief Accounting Officer and Controller of Upstart Holdings, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of 972 restricted stock units (RSUs) on March 31, 2025, which vest on November 20, 2025, contingent upon continued service.
• An additional 5,998 RSUs were acquired on the same date, vesting in equal quarterly installments starting February 20, 2026, also contingent upon continued service.
• Mirgorodskaya also acquired options to purchase 616 shares of common stock at an exercise price of $46.03, vesting in monthly installments starting September 20, 2025.
• Another option grant for 3,799 shares at the same exercise price was acquired, vesting in monthly installments starting December 20, 2025.
• Following these transactions, Mirgorodskaya directly owns 26,727 shares of Upstart Holdings common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock and option awards, indicating confidence but not necessarily a major catalyst.

Positives

• The acquisition of stock and options by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The vesting schedules of the RSUs and stock options are contingent upon the Reporting Person continuing as a service provider through each vesting date.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. These filings are closely watched by investors for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive compensation packages, including stock options and RSUs, are common across the technology industry.
• Companies like Affirm, LendingClub, and SoFi also utilize similar equity-based compensation to incentivize and retain key personnel.
• The vesting schedules and exercise prices are generally aligned with industry norms to ensure long-term commitment and alignment with shareholder interests.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they align executive interests with company performance.

Key Dates

Keywords

Upstart Holdings, Mirgorodskaya, Form 4, RSU, Stock Options, Beneficial Ownership, Executive Compensation