4/A: Wheels Up COO David Holtz Amends Filing to Correct RSU Grant

David Holtz, COO of Wheels Up Experience Inc., amended a previous SEC filing to correct the number of Restricted Stock Units (RSUs) granted on February 26, 2025.

Summary

• David Holtz, the Chief Operating Officer of Wheels Up Experience Inc., filed an amendment to a previous Form 4 filing with the SEC.
• The amendment corrects the number of Restricted Stock Units (RSUs) granted to Holtz on February 26, 2025.
• The number of RSUs granted was revised from 338,542 shares to 406,250 shares.
• Consequently, the total number of shares beneficially owned following the transaction was revised from 928,238 shares to 995,946 shares.
• The original filing was made on February 28, 2025.
• The amendment also reports that 12,711 shares were withheld for payment of tax liability arising from the vesting of restricted stock units originally reported on June 7, 2024, at a price of $1.2 per share, leaving Holtz with 589,696 shares.
• The RSUs will vest as follows: 1/4th on February 26, 2026, and the remaining in 12 equal quarterly installments commencing May 26, 2026, subject to continued service.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance practices. The RSU grants are a positive sign for executive retention.

Future Outlook

The RSUs will vest in installments, subject to the Reporting Person's continued service to the Issuer.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The correction of the RSU grant ensures accurate reporting to shareholders.

Key Dates