UP insider files Rule 144 notice for 43,166 shares on 08/27/2025
Rhea-AI Filing Summary
Wheels Up Experience Inc. (UP) submitted a Form 144 notice reporting a proposed sale of 43,166 common shares through Morgan Stanley Smith Barney LLC on 08/27/2025. The shares were acquired as restricted stock from the issuer on 06/06/2024. The filing lists an aggregate market value of $134,190.14 and reports 698,798,208 shares outstanding for the issuer. The filer indicated no securities sold by the account in the past three months and included the standard representation that they do not possess undisclosed material adverse information.
Positive
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Negative
- None.
Insights
TL;DR: Routine Rule 144 notice disclosing a proposed sale of restricted shares; appears to be a standard compliance filing.
The Form 144 identifies a proposed sale of 43,166 common shares through a broker on a specified date and notes the shares were acquired as restricted stock from the issuer on 06/06/2024. It includes required information: broker name, aggregate market value, and total outstanding shares. The filing asserts no undisclosed material information and reports no sales in the prior three months. From a compliance perspective, the document meets Rule 144 disclosure elements and serves to notify the market of an intended insider/affiliate sale.
TL;DR: Small-volume insider disposition relative to outstanding shares; unlikely to be market-moving.
The reported quantity, 43,166 shares valued at about $134k, is immaterial versus the stated 698.8 million shares outstanding. There are no reported recent sales and the acquisition was restricted stock from the issuer. Given the small size and routine nature of Rule 144 filings, this notice is unlikely to have a material impact on liquidity or valuation for UP.