[Form 4] Upstart Holdings, Inc. Common stock Insider Trading Activity
Gu Paul, Chief Technology Officer and director of Upstart Holdings, Inc. (UPST), reported option exercises and open-market sales on 09/02/2025. The reporting person exercised two employee stock options for 2,500 shares each at exercise prices of $3.80 and $8.88, increasing option-derived holdings. Concurrently, the reporting person sold 2,663 and 2,337 shares in separate transactions at weighted-average prices of $68.3518 and $68.9082, respectively. After these transactions the report shows beneficial ownership of 1,147,156 shares.
The Form 4 discloses the trades were effected under a Rule 10b5-1 trading plan adopted on May 21, 2025, notes certain holdings are restricted stock units, and confirms the reported options were fully vested and exercisable as of the transaction date.
Gu Paul, Chief Technology Officer e membro del consiglio di amministrazione di Upstart Holdings, Inc. (UPST), ha comunicato l'esercizio di opzioni e vendite sul mercato aperto in data 02/09/2025. La persona che ha presentato la comunicazione ha esercitato due stock option per dipendenti da 2.500 azioni ciascuna a prezzi di esercizio di $3,80 e $8,88, incrementando la detenzione derivante dalle opzioni. Contestualmente, ha venduto in due operazioni separate 2.663 e 2.337 azioni a prezzi medi ponderati rispettivamente di $68,3518 e $68,9082. Dopo tali operazioni il report indica una partecipazione beneficiaria di 1.147.156 azioni.
Il Modulo 4 specifica che le operazioni sono state eseguite nell'ambito di un piano di trading ai sensi della Rule 10b5-1 adottato il 21 maggio 2025, segnala che alcune partecipazioni sono unit脿 di azioni soggette a restrizioni (restricted stock units) e conferma che le opzioni riportate erano pienamente maturate ed esercitabili alla data della transazione.
Gu Paul, Director de Tecnolog铆a y miembro del consejo de Upstart Holdings, Inc. (UPST), inform贸 ejercicios de opciones y ventas en el mercado abierto el 02/09/2025. La persona informante ejerci贸 dos opciones sobre acciones para empleados de 2.500 acciones cada una a precios de ejercicio de $3,80 y $8,88, aumentando las participaciones derivadas de opciones. Simult谩neamente, vendi贸 en transacciones separadas 2.663 y 2.337 acciones a precios medios ponderados de $68,3518 y $68,9082, respectivamente. Tras estas operaciones el informe muestra una tenencia beneficiaria de 1.147.156 acciones.
El Formulario 4 revela que las operaciones se realizaron bajo un plan de negociaci贸n conforme a la Regla 10b5-1 adoptado el 21 de mayo de 2025, indica que ciertas participaciones son unidades restringidas de acciones y confirma que las opciones reportadas estaban completamente devengadas y eran ejercitables en la fecha de la transacci贸n.
Gu Paul, Upstart Holdings, Inc. (UPST)鞚� 斓滉碃旮办垹毂呾瀯鞛�(CTO) 瓴� 鞚挫偓, 2025雲� 9鞗� 2鞚检棎 鞀ろ啞鞓奠厴 頄夓偓 氚� 鞛ル偞毵る弰 鞁犼碃. 鞁犼碃鞚胳潃 膦呾梾鞗� 鞀ろ啞鞓奠厴 霊� 瓯挫潉 臧侁皝 2,500欤检敥, 頄夓偓臧�瓴� $3.80 氚� $8.88鞐� 頄夓偓頃橃棳 鞓奠厴 旮半皹 氤挫湢毳� 電橂牳鞀惦媹雼�. 霃欖嫓鞐� 氤勲弰 瓯半灅搿� 2,663欤检檧 2,337欤茧ゼ 臧�欷戫弶攴犼皜瓴� 臧侁皝 $68.3518 氚� $68.9082鞐� 毵る弰頄堨姷雼堧嫟. 鞚� 瓯半灅霌� 鞚错泟 氤搓碃靹滌棎電� 1,147,156欤检潣 鞁れ鞝� 氤挫湢臧� 旮办灛霅橃柎 鞛堨姷雼堧嫟.
Form 4電� 鞚� 瓯半灅霌れ澊 2025雲� 5鞗� 21鞚� 毂勴儩霅� Rule 10b5-1 瓯半灅瓿勴殟鞐� 霐半澕 靾橅枆霅橃棃鞚岇潉 氚濏瀳瓿�, 鞚茧秬 氤挫湢電� 鞝滍暅欤检嫕雼渼(RSU)鞛勳潉 氇呾嫓頃橂┌ 氤搓碃霅� 鞓奠厴霌れ澊 瓯半灅鞚� 旮办鞙茧 鞝勳暋 甓岆Μ頇曥爼霅橃柎 頄夓偓 臧�電ロ枅鞚岇潉 頇曥澑頃╇媹雼�.
Gu Paul, directeur technique et administrateur d'Upstart Holdings, Inc. (UPST), a d茅clar茅 l'exercice d'options et des ventes sur le march茅 ouvert le 02/09/2025. La personne d茅clarante a exerc茅 deux options d'employ茅 de 2 500 actions chacune aux prix d'exercice de $3,80 et $8,88, augmentant ainsi les avoirs issus d'options. Parall猫lement, elle a vendu dans des transactions s茅par茅es 2 663 et 2 337 actions 脿 des prix moyens pond茅r茅s de $68,3518 et $68,9082 respectivement. Apr猫s ces op茅rations, le rapport indique une d茅tention b茅n茅ficiaire de 1 147 156 actions.
Le formulaire 4 pr茅cise que les transactions ont 茅t茅 effectu茅es dans le cadre d'un plan de n茅gociation conforme 脿 la r猫gle 10b5-1 adopt茅 le 21 mai 2025, indique que certains avoirs sont des restricted stock units et confirme que les options signal茅es 茅taient enti猫rement acquises et exer莽ables 脿 la date de la transaction.
Gu Paul, Chief Technology Officer und Direktor von Upstart Holdings, Inc. (UPST), meldete Aus眉bung von Optionen und Verk盲ufe am offenen Markt am 02.09.2025. Die meldende Person 眉bte zwei Mitarbeiteraktienoptionen 眉ber jeweils 2.500 Aktien zu Aus眉bungspreisen von $3,80 und $8,88 aus und erh枚hte damit optionenbedingte Best盲nde. Zeitgleich verkaufte die meldende Person in separaten Transaktionen 2.663 bzw. 2.337 Aktien zu gewichteten Durchschnittspreisen von jeweils $68,3518 und $68,9082. Nach diesen Transaktionen weist der Bericht einen wirtschaftlichen Besitz von 1.147.156 Aktien aus.
Das Formular 4 gibt an, dass die Gesch盲fte im Rahmen eines am 21. Mai 2025 angenommenen Rule-10b5-1-Handelsplans vorgenommen wurden, weist darauf hin, dass bestimmte Best盲nde Restricted Stock Units sind, und best盲tigt, dass die gemeldeten Optionen am Transaktionsdatum vollst盲ndig unverfallbar und aus眉bbar waren.
- Trades were executed under a Rule 10b5-1 trading plan, indicating pre-established instructions and compliance with insider-trading protocols.
- Options exercised were fully vested, and the Form 4 discloses option exercise and RSU status, improving transparency of insider holdings.
- Insider sold 5,000 shares (2,663 and 2,337 shares) on 09/02/2025, which may be viewed negatively by some investors as insider selling.
- Weighted-average sale prices near $68.4 reduced the filer鈥檚 share count from 1,152,156 to 1,147,156, representing actual disposition of outstanding shares.
Insights
TL;DR: Officer exercised low-cost options and sold 5,000 shares under a 10b5-1 plan, leaving roughly 1.15 million shares beneficially owned.
The activity reflects routine insider option exercises and systematic disposition under a pre-established plan rather than ad hoc market selling. Exercises at $3.80 and $8.88 are substantially below the weighted-average sale prices near $68.4, realizing a large intrinsic gain per share for the reporting person. The report quantifies post-transaction ownership at 1,147,156 shares, providing investors transparency on insider holdings without signaling a change in corporate outlook.
TL;DR: Transactions were executed under a disclosed 10b5-1 plan and the filer certified option vesting鈥攑rocedurally compliant disclosure.
The Form 4 explicitly states the trades were effected pursuant to a Rule 10b5-1 plan adopted May 21, 2025, and includes undertakings to provide breakdowns of mixed-price sales. It also identifies certain holdings as RSUs and confirms full vesting of the exercised options. These disclosures meet typical insider-reporting and governance transparency expectations.
Gu Paul, Chief Technology Officer e membro del consiglio di amministrazione di Upstart Holdings, Inc. (UPST), ha comunicato l'esercizio di opzioni e vendite sul mercato aperto in data 02/09/2025. La persona che ha presentato la comunicazione ha esercitato due stock option per dipendenti da 2.500 azioni ciascuna a prezzi di esercizio di $3,80 e $8,88, incrementando la detenzione derivante dalle opzioni. Contestualmente, ha venduto in due operazioni separate 2.663 e 2.337 azioni a prezzi medi ponderati rispettivamente di $68,3518 e $68,9082. Dopo tali operazioni il report indica una partecipazione beneficiaria di 1.147.156 azioni.
Il Modulo 4 specifica che le operazioni sono state eseguite nell'ambito di un piano di trading ai sensi della Rule 10b5-1 adottato il 21 maggio 2025, segnala che alcune partecipazioni sono unit脿 di azioni soggette a restrizioni (restricted stock units) e conferma che le opzioni riportate erano pienamente maturate ed esercitabili alla data della transazione.
Gu Paul, Director de Tecnolog铆a y miembro del consejo de Upstart Holdings, Inc. (UPST), inform贸 ejercicios de opciones y ventas en el mercado abierto el 02/09/2025. La persona informante ejerci贸 dos opciones sobre acciones para empleados de 2.500 acciones cada una a precios de ejercicio de $3,80 y $8,88, aumentando las participaciones derivadas de opciones. Simult谩neamente, vendi贸 en transacciones separadas 2.663 y 2.337 acciones a precios medios ponderados de $68,3518 y $68,9082, respectivamente. Tras estas operaciones el informe muestra una tenencia beneficiaria de 1.147.156 acciones.
El Formulario 4 revela que las operaciones se realizaron bajo un plan de negociaci贸n conforme a la Regla 10b5-1 adoptado el 21 de mayo de 2025, indica que ciertas participaciones son unidades restringidas de acciones y confirma que las opciones reportadas estaban completamente devengadas y eran ejercitables en la fecha de la transacci贸n.
Gu Paul, Upstart Holdings, Inc. (UPST)鞚� 斓滉碃旮办垹毂呾瀯鞛�(CTO) 瓴� 鞚挫偓, 2025雲� 9鞗� 2鞚检棎 鞀ろ啞鞓奠厴 頄夓偓 氚� 鞛ル偞毵る弰 鞁犼碃. 鞁犼碃鞚胳潃 膦呾梾鞗� 鞀ろ啞鞓奠厴 霊� 瓯挫潉 臧侁皝 2,500欤检敥, 頄夓偓臧�瓴� $3.80 氚� $8.88鞐� 頄夓偓頃橃棳 鞓奠厴 旮半皹 氤挫湢毳� 電橂牳鞀惦媹雼�. 霃欖嫓鞐� 氤勲弰 瓯半灅搿� 2,663欤检檧 2,337欤茧ゼ 臧�欷戫弶攴犼皜瓴� 臧侁皝 $68.3518 氚� $68.9082鞐� 毵る弰頄堨姷雼堧嫟. 鞚� 瓯半灅霌� 鞚错泟 氤搓碃靹滌棎電� 1,147,156欤检潣 鞁れ鞝� 氤挫湢臧� 旮办灛霅橃柎 鞛堨姷雼堧嫟.
Form 4電� 鞚� 瓯半灅霌れ澊 2025雲� 5鞗� 21鞚� 毂勴儩霅� Rule 10b5-1 瓯半灅瓿勴殟鞐� 霐半澕 靾橅枆霅橃棃鞚岇潉 氚濏瀳瓿�, 鞚茧秬 氤挫湢電� 鞝滍暅欤检嫕雼渼(RSU)鞛勳潉 氇呾嫓頃橂┌ 氤搓碃霅� 鞓奠厴霌れ澊 瓯半灅鞚� 旮办鞙茧 鞝勳暋 甓岆Μ頇曥爼霅橃柎 頄夓偓 臧�電ロ枅鞚岇潉 頇曥澑頃╇媹雼�.
Gu Paul, directeur technique et administrateur d'Upstart Holdings, Inc. (UPST), a d茅clar茅 l'exercice d'options et des ventes sur le march茅 ouvert le 02/09/2025. La personne d茅clarante a exerc茅 deux options d'employ茅 de 2 500 actions chacune aux prix d'exercice de $3,80 et $8,88, augmentant ainsi les avoirs issus d'options. Parall猫lement, elle a vendu dans des transactions s茅par茅es 2 663 et 2 337 actions 脿 des prix moyens pond茅r茅s de $68,3518 et $68,9082 respectivement. Apr猫s ces op茅rations, le rapport indique une d茅tention b茅n茅ficiaire de 1 147 156 actions.
Le formulaire 4 pr茅cise que les transactions ont 茅t茅 effectu茅es dans le cadre d'un plan de n茅gociation conforme 脿 la r猫gle 10b5-1 adopt茅 le 21 mai 2025, indique que certains avoirs sont des restricted stock units et confirme que les options signal茅es 茅taient enti猫rement acquises et exer莽ables 脿 la date de la transaction.
Gu Paul, Chief Technology Officer und Direktor von Upstart Holdings, Inc. (UPST), meldete Aus眉bung von Optionen und Verk盲ufe am offenen Markt am 02.09.2025. Die meldende Person 眉bte zwei Mitarbeiteraktienoptionen 眉ber jeweils 2.500 Aktien zu Aus眉bungspreisen von $3,80 und $8,88 aus und erh枚hte damit optionenbedingte Best盲nde. Zeitgleich verkaufte die meldende Person in separaten Transaktionen 2.663 bzw. 2.337 Aktien zu gewichteten Durchschnittspreisen von jeweils $68,3518 und $68,9082. Nach diesen Transaktionen weist der Bericht einen wirtschaftlichen Besitz von 1.147.156 Aktien aus.
Das Formular 4 gibt an, dass die Gesch盲fte im Rahmen eines am 21. Mai 2025 angenommenen Rule-10b5-1-Handelsplans vorgenommen wurden, weist darauf hin, dass bestimmte Best盲nde Restricted Stock Units sind, und best盲tigt, dass die gemeldeten Optionen am Transaktionsdatum vollst盲ndig unverfallbar und aus眉bbar waren.
FAQ
What transactions did UPST insider Gu Paul report on the Form 4?
Were the sales under a pre-established trading plan for UPST?
What were the exercise prices and sale prices reported?
How many UPST shares does Gu Paul beneficially own after these transactions?
Are any reported securities restricted or subject to vesting?
