Form 4: Wheels Up Experience Inc. Executive Sells Shares to Cover Tax Obligations

David Godsman, Chief Digital Officer of Wheels Up Experience Inc., disposed of shares to cover tax liabilities arising from vesting restricted stock units.

Summary

• On June 3, 2024, David Godsman, the Chief Digital Officer of Wheels Up Experience Inc., engaged in a transaction involving the company's Class A Common Stock.
• Godsman disposed of 12,063 shares at a price of $2.69 per share to cover tax obligations related to the vesting of restricted stock units.
• Following the transaction, Godsman directly owns 112,937 shares of Wheels Up Experience Inc.
• The share amount has been adjusted to reflect the 10:1 reverse stock split that occurred on June 7, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions. It provides transparency into the trading activities of company executives, which is important for investors to monitor.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates