Form 4: Wheels Up Experience Inc. Interim CFO Reports Stock Transactions
SEC Form 4 Filing
Eric Cabezas, Interim CFO of Wheels Up Experience Inc., reports acquisition and disposal of Class A Common Stock.
Summary
- On February 26, 2025, Eric Cabezas, the Interim CFO of Wheels Up Experience Inc., reported transactions involving the company's Class A Common Stock.
- Cabezas disposed of 8,866 shares at $1.20 per share to cover tax liabilities from vesting restricted stock units.
- He also acquired 250,652 shares through a grant of Restricted Stock Units (RSUs) at a price of $0.
- Following these transactions, Cabezas beneficially owns 563,768 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The grant of RSUs to the Interim CFO aligns his interests with the company's long-term performance.
Future Outlook
The RSUs will vest over time, contingent on 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.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Original Form 3 filing by Eric Cabezas. |
| 02/26/2025 | Date of reported stock transactions (disposal and acquisition). |
| 02/26/2026 | First vesting date for 1/4th of the granted RSUs. |
| 05/26/2026 | Commencement of quarterly vesting installments for the remaining RSUs. |
| 02/28/2025 | Date of signature for the Form 4 filing. |
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