Form 4: Wheels Up CAO Reports Tax-Related Share Withholding
Statement of Changes in Beneficial Ownership
Chief Accounting Officer Alexander Chatkewitz reported the withholding of 188 shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- Alexander Chatkewitz, Chief Accounting Officer of Wheels Up Experience Inc., executed a transaction involving the withholding of 188 shares of Class A Common Stock.
- The transaction occurred on June 5, 2026, at a price of $7.20 per share.
- The withholding was conducted to satisfy tax liabilities associated with the vesting of restricted stock units (RSUs).
- Following this transaction, the reporting person maintains beneficial ownership of 42,812 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine administrative tax withholding transaction by an executive.
Positives
- The transaction is a routine administrative action related to tax obligations rather than a discretionary sale of equity.
Negatives
- None identified; this is a standard regulatory disclosure for executive compensation vesting.
Risks
- None identified; this filing pertains to internal tax withholding procedures.
Future Outlook
Not applicable; this is a historical disclosure of a completed transaction.
Industry Context
StockSavvy.ai notes that this filing is a standard regulatory requirement for executives in the aviation and private travel sector, reflecting routine equity compensation management rather than a change in corporate strategy or market outlook.
Comparison to Industry Standards
- The transaction aligns with standard corporate governance practices for publicly traded companies regarding the settlement of equity-based compensation.
Stakeholder Impact
- Minimal impact on shareholders as the transaction is a standard tax-related share withholding.
Next Steps
- No further actions required by the reporting person regarding this specific transaction.
Key Dates
| Date | Description |
|---|---|
| 06/05/2026 | Date of the transaction involving the withholding of shares. |
| 06/09/2026 | Date the Form 4 was signed and filed with the SEC. |
Keywords
Wheels Up, UP, Form 4, Insider Trading, Tax Withholding, Executive Compensation
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