Form 4: Wheels Up CDO Sells Shares for Tax Obligation

Wheels Up Experience Inc.'s Chief Digital Officer, David Godsman, disposed of 39,891 shares of Class A Common Stock to cover tax liabilities from vested restricted stock units.

Summary

• David Godsman, Chief Digital Officer of Wheels Up Experience Inc., reported a transaction involving the company's Class A Common Stock.
• On October 2, 2025, Godsman disposed of 39,891 shares of Class A Common Stock.
• The shares were disposed of at a price of $1.89 per share.
• This transaction was executed to satisfy tax liabilities arising from the vesting of restricted stock units.
• Following this reported transaction, David Godsman directly beneficially owns 936,824 shares of Class A Common Stock.
• The original restricted stock units, which led to this tax obligation, were previously reported in a Form 4 filed on October 4, 2024.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding event following RSU vesting, which is generally neutral for the company's operational performance but slightly negative for insider ownership.

Positives

• The transaction indicates the vesting of restricted stock units (RSUs), representing a form of compensation for the Chief Digital Officer.

Negatives

• Chief Digital Officer David Godsman reduced his direct beneficial ownership in Wheels Up Experience Inc. by 39,891 shares.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transaction results in a minor reduction in direct insider ownership, though it is for a routine tax-related purpose and not indicative of a change in management's outlook.
• Employees: The vesting of restricted stock units demonstrates the company's equity compensation structure for its executives.

Key Dates

Recommendation

This Form 4 reports a routine tax-related disposal of shares by a Chief Digital Officer following the vesting of restricted stock units. Such transactions are common and typically do not reflect a change in management's outlook on the company's fundamentals or future prospects. While it slightly reduces insider ownership, it is not indicative of a strategic sell-off. Therefore, a 'hold' recommendation is appropriate as this event alone does not provide a basis for a change in investment thesis.

Keywords

Wheels Up, UP, David Godsman, Chief Digital Officer, CDO, insider transaction, Form 4, stock sale, tax withholding, restricted stock units, RSU