Form 4: Upstart Officer Sells Shares Under 10b5-1 Plan

Upstart Holdings' Chief Accounting Officer, Natalia Mirgorodskaya, sold 762 shares of common stock for $38.91 per share as part of a pre-arranged trading plan.

Summary

• Natalia Mirgorodskaya, Upstart Holdings, Inc.'s Chief Accounting Officer and Controller, reported a sale of common stock.
• The transaction involved the disposition of 762 shares of Upstart common stock.
• The shares were sold at a price of $38.91 per share.
• This sale was executed on November 25, 2025.
• The transaction was conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by the reporting person on May 30, 2025.
• Following this transaction, Natalia Mirgorodskaya beneficially owns 26,398 shares of common stock, which includes restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider transaction executed under a pre-arranged 10b5-1 trading plan, which is a common practice and typically does not signal a change in company fundamentals or management's view of the company's prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing reports a routine insider stock transaction under a pre-arranged trading plan, which is a common practice among corporate executives for personal financial planning and diversification. It does not provide insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, but generally considered a routine event due to the 10b5-1 plan. The impact on overall shareholder sentiment is likely minimal.

Key Dates

Recommendation

This Form 4 filing reports a routine insider sale executed under a pre-arranged 10b5-1 trading plan. Such transactions are typically for personal financial management and do not usually indicate a change in the company's fundamental outlook or warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as this filing alone does not provide new information to alter an existing investment thesis.

Keywords

Upstart Holdings, UPST, Insider Trading, Form 4, Stock Sale, Natalia Mirgorodskaya, Chief Accounting Officer, 10b5-1 Plan