Form 4: Wheels Up COO Sells Shares for Tax Obligations

Wheels Up Experience Inc.'s Chief Operating Officer, David L. Holtz, disposed of 45,035 shares of Class A Common Stock to cover tax liabilities from vested restricted stock units.

Summary

• David L. Holtz, Chief Operating Officer of Wheels Up Experience Inc. (UP), reported a disposition of Class A Common Stock.
• The transaction involved 45,035 shares of Class A Common Stock, par value $0.0001 per share.
• The shares were disposed of on October 2, 2025, at a price of $1.89 per share.
• This disposition was a 'F' transaction code, indicating shares withheld for payment of tax liability.
• The tax liability arose from the vesting of restricted stock units (RSUs) that were originally reported in a Form 4 filed on October 4, 2024.
• Following this transaction, David L. Holtz beneficially owns 909,219 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction (shares withheld for tax) by an executive, which is neutral in terms of company performance or executive sentiment.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in the executive's investment sentiment or company fundamentals.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by an executive to cover tax obligations upon the vesting of restricted stock units. It does not reflect a change in investment sentiment or operational performance, thus maintaining a 'hold' recommendation based solely on this filing.

Keywords

Wheels Up Experience Inc., UP, David L. Holtz, Chief Operating Officer, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, RSU Vesting