Form 4: Upstart Holdings Executive Paul Gu Sells Shares to Cover Tax Obligations

Paul Gu, Chief Technology Officer of Upstart Holdings, sold shares of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On February 20, 2025, Paul Gu, the Chief Technology Officer of Upstart Holdings, sold 11,607 shares of common stock at a weighted average price of $79.0044, with prices ranging from $78.50 to $79.455.
• He also sold 400 shares at a weighted average price of $79.556, with prices ranging from $79.525 to $79.58.
• These sales were to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).
• Following these transactions, Gu still beneficially owns 1,006,599 shares of Upstart Holdings common stock, which includes 683 shares acquired on February 15, 2025, under the company's Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document primarily reports stock sales for tax purposes, which is a routine financial activity.

Positives

• The document does not contain any explicitly positive information about Upstart Holdings.

Negatives

• The document does not contain any explicitly negative information about Upstart Holdings.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, although in this case, it is explicitly stated that the sales were to cover tax obligations.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies, often related to compensation and tax planning. The impact on the stock price is usually minimal unless the sales are substantial or perceived as a lack of confidence in the company's future prospects.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders if they interpret the sales negatively, although the stated reason mitigates this concern.

Key Dates