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

Natalia Mirgorodskaya, Chief Accounting Officer and Controller at Upstart Holdings, sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• Natalia Mirgorodskaya, an officer at Upstart Holdings, sold a total of 1,511 shares of common stock on November 20, 2024.
• The sales were executed in two separate transactions, with 1,103 shares sold at a weighted average price of $69.6169 and 408 shares sold at a weighted average price of $70.4859.
• These sales were made to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• Following these transactions, Ms. Mirgorodskaya directly owns 20,007 shares of common stock and an unspecified number of RSUs.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation. It does not indicate any specific trend or issue within the company or the broader industry.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale prices are within the typical range for market transactions and do not indicate any unusual activity.
• Similar filings are regularly made by executives at comparable companies such as LendingClub and SoFi.

Stakeholder Impact

• The stock sales are unlikely to have a significant impact on shareholders as they are routine transactions.
• The sales do not affect the company's operations or financial health.

Key Dates

Keywords

Upstart Holdings, UPST, insider trading, stock sale, restricted stock units, tax obligations, Natalia Mirgorodskaya, Chief Accounting Officer, Controller