Form 4: Upstart Officer Sells Shares for Tax Obligations

An Upstart Holdings officer sold 1,079 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Natalia Mirgorodskaya, an officer of Upstart Holdings, Inc. (UPST), sold 1,079 shares of common stock.
• The transaction occurred on August 20, 2025, at a weighted average price of $61.1156 per share.
• The sale was conducted to satisfy tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• Following this transaction, Mirgorodskaya beneficially owns 23,544 shares, which include certain RSUs.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The transaction is a routine sale of shares to cover tax obligations upon RSU vesting, which is a common and expected practice for executive compensation and does not reflect a discretionary change in investment sentiment.

Positives

• The sale of shares was for a non-discretionary purpose, specifically to cover tax withholding obligations related to RSU vesting, which is a common practice for executive compensation.

Negatives

• An officer sold 1,079 shares of common stock, reducing their direct holdings.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor, routine dilution from the sale of shares, which is a common occurrence related to executive compensation.

Key Dates

Recommendation

The filing details a routine, non-discretionary sale of shares by an officer to cover tax obligations related to RSU vesting. This type of transaction is common and does not typically indicate a change in the company's fundamental outlook or the officer's long-term confidence. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Upstart Holdings, UPST, Insider Transaction, Form 4, Stock Sale, Restricted Stock Units, RSU, Tax Withholding, Officer