Form 4: Wheels Up Executive Reports Tax Withholding Transaction

Chief People Officer Brian Kedzior reported the withholding of 410 shares to cover tax liabilities related to RSU vesting.

Summary

• Brian Joseph Kedzior, Chief People Officer of Wheels Up Experience Inc., executed a transaction involving the withholding of 410 shares of Class A Common Stock.
• The transaction occurred on May 26, 2026, at a price of $8.66 per share.
• The shares were withheld to satisfy tax obligations arising from the vesting of previously granted restricted stock units (RSUs).
• Following these transactions, the reporting person holds 70,015 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing related to executive compensation tax obligations.

Positives

• The transaction is a routine administrative action related to tax withholding upon the vesting of equity compensation, rather than a discretionary sale of stock.

Negatives

• The reduction in total beneficial ownership from 70,320 to 70,015 shares reflects the settlement of tax liabilities.

Risks

• The company recently underwent a 1-for-20 reverse stock split on April 24, 2026, which may impact liquidity and trading dynamics.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that routine tax withholding filings are standard corporate governance practices for executives and do not typically signal changes in management sentiment regarding company performance.

Comparison to Industry Standards

• The transaction follows standard SEC reporting requirements for executive equity compensation vesting.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a standard tax settlement mechanism.

Key Dates

Keywords

Wheels Up, UP, Insider Trading, Form 4, Equity Compensation, Tax Withholding