Form 4: Wheels Up CAO Disposes Shares for Tax Liability

Wheels Up Experience Inc.'s Chief Accounting Officer, Alexander Chatkewitz, disposed of 3,396 shares of Class A Common Stock to cover tax liabilities from vested restricted stock units.

Summary

• Alexander Chatkewitz, Chief Accounting Officer of Wheels Up Experience Inc. (UP), reported a disposition of shares.
• On September 5, 2025, 3,396 shares of Class A Common Stock were disposed of.
• The disposition was for the payment of tax liability arising from the vesting of restricted stock units (RSUs).
• The shares were valued at $2 per share for the tax withholding purpose.
• Following this transaction, Mr. Chatkewitz beneficially owns 504,066 shares of Class A Common Stock.
• The original restricted stock units were reported in a Form 3 filed on September 11, 2024.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction related to tax withholding on vested equity compensation, which is neutral in terms of company sentiment.

Future Outlook

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

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, which is common across all publicly traded companies when restricted stock units vest.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in management's view of the company's prospects.

Key Dates

Keywords

Wheels Up Experience Inc., UP, Alexander Chatkewitz, Chief Accounting Officer, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, RSU Vesting, Equity Compensation