4/A: Wheels Up Executive Matthew Knopf Corrects Stock Grant Details in Amended SEC Filing

Matthew Knopf, Chief Legal Officer of Wheels Up Experience Inc., files an amendment to a previous SEC Form 4 to correct the number of restricted stock units (RSUs) granted.

Summary

• Matthew J. Knopf, Chief Legal Officer of Wheels Up Experience Inc., filed an amended SEC Form 4 to correct information regarding a grant of restricted stock units (RSUs).
• The amendment revises the number of RSUs granted on February 26, 2025, which was originally reported on a Form 4 filed on February 28, 2025.
• The corrected filing shows that Knopf was granted 410,156 shares, not the previously reported 341,797 shares.
• Following the reported transaction, Knopf beneficially owns 1,298,481 shares of Class A Common Stock.
• The RSUs vest in installments, with 1/4th vesting on February 26, 2026, and the remaining vesting in 12 equal quarterly installments commencing May 26, 2026, contingent upon continued service to the Issuer.

Sentiment

Score: 5

Explanation: The document is a routine correction of a previously filed form, indicating a neutral sentiment.

Future Outlook

The RSUs will vest over time contingent upon 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. It provides transparency into the equity-based compensation of key personnel.

Stakeholder Impact

• Shareholders are provided with accurate information regarding executive compensation and stock ownership.
• Employees may be impacted by the vesting schedule of the RSUs, which is contingent upon continued service.

Key Dates