Form 4: Upstart Holdings Executive Sells Shares Under 10b5-1 Trading Plan

Natalia Mirgorodskaya, an officer at Upstart Holdings, sold 1,411 shares of common stock at $77.365 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Natalia Mirgorodskaya, an officer at Upstart Holdings, sold 1,411 shares of the company's common stock.
• The sale occurred on November 25, 2024, at a price of $77.365 per share.
• The transaction was executed under a Rule 10b5-1 trading plan adopted on May 30, 2024.
• Following the transaction, Mirgorodskaya directly owns 18,596 shares of Upstart Holdings common stock.
• Some of the securities are restricted stock units (RSUs), each representing a contingent right to receive one share of common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies to manage their stock sales.
• The sale of 1,411 shares is a relatively small transaction compared to the overall trading volume of Upstart Holdings.
• Similar filings are regularly made by executives at other tech companies such as Affirm, LendingClub, and SoFi.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price due to the small volume and pre-planned nature of the transaction.

Key Dates

Keywords

Upstart Holdings, insider trading, Form 4, stock sale, Rule 10b5-1, Natalia Mirgorodskaya, UPST, executive stock