Form 4: Wheels Up Experience Inc. Executive Mark Briffa Reports Stock Transaction
SEC Form 4 Filing
EVP Mark Briffa reports disposition of shares to cover tax obligations from vesting restricted stock units.
Summary
- On February 24, 2025, Mark Briffa, EVP, Charter & CEO Air Partner at Wheels Up Experience Inc., disposed of 4,958 shares of Class A Common Stock to cover tax liabilities.
- The shares were sold at a price of $1.42 per share.
- Following the transaction, Briffa directly owns 700,744 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
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 transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of original Form 4 filing reporting restricted stock units. |
| 02/24/2025 | Date of stock transaction (disposal of shares). |
| 02/25/2025 | Date of signature for the report. |
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