Form 4: Wheels Up Experience Chief Accounting Officer Reports Routine Share Disposition for Tax Obligations

Alexander Chatkewitz, Chief Accounting Officer of Wheels Up Experience Inc., reported a disposition of 13,541 shares of Class A Common Stock at $1.41 per share to cover tax liabilities arising from restricted stock unit vesting.

Summary

• Alexander Chatkewitz, the Chief Accounting Officer of Wheels Up Experience Inc. (UP), reported a change in beneficial ownership.
• On June 5, 2025, Mr. Chatkewitz disposed of 13,541 shares of Class A Common Stock.
• The disposition was made at a price of $1.41 per share.
• This transaction (Code 'F') represents shares withheld by the company for the payment of tax liability.
• The tax liability arose as a result of the vesting of restricted stock units (RSUs) that were originally reported in a Form 3 filed on September 11, 2024.
• Following this transaction, Mr. Chatkewitz beneficially owns 531,421 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine, non-discretionary disposition of shares for tax purposes related to RSU vesting, which is a common compensation event for executives.

Positives

• The transaction indicates the vesting of restricted stock units, which is a positive event for the employee (Alexander Chatkewitz) as it represents compensation becoming liquid.

Negatives

• The disposition of shares, while routine for tax purposes, reduces the insider's direct ownership slightly.

Future Outlook

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

Management Comments

• The transaction involves Alexander Chatkewitz, the Chief Accounting Officer, indicating a routine disposition of shares for tax purposes related to vested restricted stock units.

Industry Context

This filing is a routine insider transaction report specific to Wheels Up Experience Inc. and does not provide broader insights into industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary tax withholding transaction by an insider, not a discretionary sale.
• Employees: The vesting of RSUs and subsequent tax withholding is a standard part of executive compensation, indicating the fulfillment of equity awards.

Key Dates

Keywords

Wheels Up Experience Inc., UP, Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, RSU Vesting, Tax Withholding, Alexander Chatkewitz, Chief Accounting Officer, Equity Compensation