SCHEDULE: Kore Advisors LP & Kore Fund Ltd. Update Beneficial Ownership

Kore Advisors LP and Kore Fund Ltd. have updated their beneficial ownership filing for Wheels Up Experience Inc., reporting 770,231 shares and dissolving a previously formed group.

Summary

• Kore Advisors LP (KA) and Kore Fund Ltd. (KF) have filed an amendment to their Schedule 13G, reporting their beneficial ownership of Wheels Up Experience Inc. Class A Common Stock.
• As of June 30, 2026, KF beneficially owns 770,231 shares of Class A Common Stock, representing approximately 2.12% of the class.
• KA, as a client of KF, is deemed to beneficially own the same 770,231 shares due to KF's ownership.
• The filing also announces the dissolution of a 'group' that may have been deemed to exist among KA, KF, Whitebox Advisors LLC, and Whitebox General Partner LLC concerning the Issuer's Class A Common Stock, effective upon the filing of this Amendment No. 2.
• Both KA and KF certify that the securities were not acquired or held for the purpose of influencing control of the issuer.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting a change in beneficial ownership and the dissolution of a group, with no new financial or strategic information.

Positives

• Dissolution of a 'group' may simplify reporting and potentially reduce perceived coordinated action.
• Clear disclosure of beneficial ownership percentages and shareholdings.

Negatives

• The filing does not provide any new financial performance data or strategic updates for Wheels Up Experience Inc.

Risks

• The filing does not explicitly mention any new risks for Wheels Up Experience Inc.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Management Comments

• KA and KF certify that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.
• Trisha Low, Chief Compliance Officer for both Kore Advisors LP and Kore Fund Ltd., certified the accuracy of the filing.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for institutional investors exceeding certain ownership thresholds. The dissolution of a 'group' can sometimes signal a shift in investment strategy or a de-escalation of activist intentions.

Corporate Governance

Stakeholder Impact

• Shareholders: The dissolution of the group may be perceived positively by some shareholders as it could indicate a less confrontational stance from the involved entities, though the direct impact on share price is likely minimal without further strategic information.

Next Steps

• Continued monitoring of Wheels Up Experience Inc. for future filings and operational updates.

Key Dates

Keywords

Wheels Up Experience Inc., Schedule 13G, Beneficial Ownership, Kore Advisors LP, Kore Fund Ltd., Class A Common Stock, Group Dissolution