Form 4: Wheels Up Executive Mark Briffa Reports Routine Stock Disposition for Tax Obligations

Wheels Up Experience Inc. executive Mark Briffa reported the disposition of 5,127 shares of Class A Common Stock at $1.68 per share to cover tax liabilities arising from the vesting of restricted stock units.

Summary

• Mark Briffa, EVP, Charter & CEO Air Partner of Wheels Up Experience Inc. (UP), filed a Form 4 reporting a transaction.
• On May 26, 2025, Mr. Briffa disposed of 5,127 shares of Class A Common Stock, par value $0.0001 per share.
• The transaction was coded 'F', indicating shares withheld for payment of tax liability.
• The price per share for the disposition was $1.68.
• Following this transaction, Mr. Briffa beneficially owns 1,085,844 shares of Class A Common Stock.
• The shares were withheld due to the vesting of restricted stock units that were originally reported in a Form 4 filed on June 7, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction (shares withheld for tax) and does not reflect a change in investment sentiment by the insider.

Future Outlook

This document does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction, specifically a tax-related disposition of shares. It does not provide information relevant to broader industry trends or competitive dynamics within the private aviation sector.

Stakeholder Impact

• This routine tax-related stock disposition by an executive is unlikely to have a significant direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Wheels Up Experience Inc., UP, Mark Briffa, SEC Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, Tax Withholding, Equity Compensation