Form 4: Wheels Up CPO Sells Shares for Tax Obligations

Wheels Up Experience Inc.'s Chief People Officer, Brian Joseph Kedzior, disposed of 586 shares of Class A Common Stock to cover tax liabilities related to RSU vesting.

Summary

• Brian Joseph Kedzior, Chief People Officer of Wheels Up Experience Inc. (UP), reported a transaction on September 9, 2025.
• The transaction involved the disposition of 586 shares of Class A Common Stock, par value $0.0001 per share.
• These shares were withheld for the payment of tax liability arising from the vesting of restricted stock units (RSUs).
• The shares were disposed of at a price of $2.22 per share.
• Following this transaction, Mr. Kedzior beneficially owns 834,328 shares of Class A Common Stock directly.
• The original restricted stock units were reported by Mr. Kedzior in a Form 3 filed on March 26, 2024.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale for tax purposes, which is a neutral event regarding the company's operational performance or future prospects.

Positives

• The transaction is a non-discretionary sale for tax purposes, indicating it is not a reflection of management's sentiment regarding the company's future prospects.
• Brian Joseph Kedzior retains a substantial beneficial ownership of 834,328 shares of Class A Common Stock, demonstrating continued alignment with shareholder interests.

Negatives

• The transaction results in a minor reduction in direct insider ownership, although it is for a routine tax obligation.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine insider transaction report (Form 4) detailing a compensation-related event for an executive. It does not provide information relevant to broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The impact is minimal as it is a non-discretionary tax-related sale of a small number of shares relative to the executive's total holdings, unlikely to signal a change in company fundamentals or management confidence.

Key Dates

Recommendation

The transaction is a routine, non-discretionary sale of shares to cover tax obligations upon the vesting of restricted stock units. It does not reflect a change in management's outlook on the company's prospects and is unlikely to have a significant impact on the stock's fundamental valuation or investor sentiment, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

Wheels Up Experience Inc., UP, Insider Transaction, Form 4, Brian Joseph Kedzior, Chief People Officer, Stock Sale, Tax Withholding, Restricted Stock Units