4/A: Wheels Up Executive David Godsman Amends Filing to Correct RSU Grant

Sentiment:

SEC Filing Form 4/A Amendment


David Godsman, Chief Digital Officer of Wheels Up Experience Inc., amends a previous SEC filing to correct the number of restricted stock units (RSUs) granted on February 26, 2025.

Summary

  • David Godsman, Chief Digital Officer of Wheels Up Experience Inc., filed an amended Form 4 with the SEC.
  • The amendment corrects the number of RSUs granted to Godsman on February 26, 2025, which was originally reported on a Form 4 filed on February 28, 2025.
  • The number of shares of Common Stock reported in the second row of Table I of the Original Form 4 have been revised as follows: (i) in Column 4, revised to 406,250 shares from 338,542 shares; and (ii) in Column 5, revised to 1,068,878 shares from 1,001,170 shares.
  • Godsman also had 12,333 shares withheld for payment of tax liability arising from the vesting of restricted stock units originally reported on June 7, 2024.
  • The RSUs will vest as follows: (i) 1/4th of the RSUs will vest on February 26, 2026; and (ii) the remaining RSUs will vest in 12 equal quarterly installments commencing May 26, 2026, in each case subject to the Reporting Person's continued service to the Issuer.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The RSUs will vest over time, 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.

Key Dates

DateDescription
06/07/2024Original report of restricted stock units.
02/26/2025Date of RSU grant and tax liability payment.
02/28/2025Original Form 4 filing date.
03/14/2025Date of amended filing.
02/26/2026First vesting date for 1/4th of the RSUs.
05/26/2026Commencement of quarterly vesting installments for remaining RSUs.

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