Insider Notice: UP Restricted Stock Sale of 9,904 Shares Scheduled 09/11/2025
Rhea-AI Filing Summary
Wheels Up Experience Inc. (UP) notice reports a proposed sale of 9,904 common shares through Morgan Stanley Smith Barney on the NYSE scheduled for 09/11/2025 with an aggregate market value of $21,541.20. The shares were acquired as restricted stock from the issuer on 09/09/2025 and payment was recorded on that date. The filing also lists two recent sales by the same person, Mark Briffa, of 5,780 shares each on 08/26/2025 and 08/28/2025 for gross proceeds of $17,343.47 and $17,095.51, respectively. The notice includes the seller's representation that they are unaware of any undisclosed material adverse information about the issuer.
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Insights
TL;DR: Routine insider notice of proposed sale of newly acquired restricted shares; transaction sizes are modest.
The Form 144 documents a planned sale of 9,904 common shares by a person identified in prior sales as Mark Briffa, executed through Morgan Stanley Smith Barney on the NYSE. The shares were acquired as restricted stock from the issuer two days earlier on 09/09/2025. The filing also discloses two recent small disposals in late August totaling 11,560 shares with modest gross proceeds. This filing meets the procedural disclosure requirements under Rule 144 and contains the standard attestation regarding absence of undisclosed material adverse information. Based solely on the quantities and proceeds disclosed, these transactions appear administrative rather than material to company capitalization.
TL;DR: Compliance-focused disclosure showing sale of restricted shares and recent small insider sales.
The notice specifies that the securities to be sold were restricted stock acquired from the issuer, which triggers a Rule 144 filing when offered for sale. The timing—acquisition on 09/09/2025 and proposed sale on 09/11/2025—is explicitly stated in the filing. The inclusion of prior sales on 08/26/2025 and 08/28/2025 provides additional context about recent insider liquidity. The document contains the required signature attestation language. There is no information in the filing about the seller’s relationship to the issuer or any trading plan adoption date, so no further governance inferences can be drawn from this notice alone.