Form 4: Wheels Up Chief Digital Officer Executes Tax Withholding

Chief Digital Officer David Godsman disposed of 593 shares of Wheels Up Experience Inc. to satisfy tax obligations related to RSU vesting.

Summary

• David Godsman, Chief Digital Officer of Wheels Up Experience Inc., reported the disposal of 593 shares of Class A Common Stock.
• The transaction occurred on June 1, 2026, at a price of $9.85 per share.
• The disposal was executed via a 'F' transaction code, representing shares withheld by the company to cover tax liabilities associated with the vesting of restricted stock units (RSUs).
• Following this transaction, the reporting person maintains beneficial ownership of 79,816 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine tax-related transaction rather than a discretionary change in insider sentiment.

Positives

• The transaction is a routine administrative action related to tax withholding upon the vesting of equity compensation, rather than a discretionary market sale.

Negatives

• The transaction results in a minor reduction in the reporting person's direct equity stake in the company.

Risks

• None identified; this is a standard regulatory disclosure for executive compensation tax compliance.

Future Outlook

Not applicable; this filing is a retrospective disclosure of a completed transaction.

Industry Context

StockSavvy.ai notes that this filing is a standard administrative disclosure common among publicly traded companies, reflecting routine executive compensation management rather than a change in strategic direction or market sentiment.

Comparison to Industry Standards

• The transaction follows standard corporate governance practices for handling tax liabilities arising from equity-based compensation plans.
• The use of 'F' code transactions is consistent with industry-wide practices for executive officers at companies like Wheels Up.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a standard tax-related equity adjustment.

Key Dates

Keywords

Wheels Up, UP, Form 4, Insider Trading, Tax Withholding, Equity Compensation, Executive Ownership