Form 4: Wheels Up COO David Holtz Reports Stock Transactions

David Holtz, COO of Wheels Up Experience Inc., reports the withholding of shares for tax liability and the grant of restricted stock units.

Summary

• On February 26, 2025, David Holtz, the Chief Operating Officer of Wheels Up Experience Inc., reported transactions involving Class A Common Stock.
• 12,711 shares were withheld to cover tax liabilities arising from the vesting of restricted stock units at a price of $1.2 per share.
• Holtz was also granted 338,542 restricted stock units (RSUs) with a value of $0.
• Following these transactions, Holtz beneficially owns 928,238 shares of Class A Common Stock.
• The RSUs will vest in installments starting February 26, 2026, and continuing quarterly until May 26, 2026, subject to continued service.

Sentiment

Score: 5

Explanation: This is a routine filing of insider transactions. The sentiment is neutral as it reflects standard compensation practices and tax obligations.

Positives

• The grant of 338,542 RSUs to the COO could be seen as an incentive for continued service and performance.

Future Outlook

The RSUs will vest over time, contingent on the Reporting Person's continued service to the Issuer.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the actions of company executives.

Stakeholder Impact

• The vesting of RSUs aligns the executive's interests with those of the shareholders, incentivizing long-term value creation.

Key Dates