Insider sale notice: Wheels Up proposes sale of 36,318 common shares
Rhea-AI Filing Summary
Wheels Up Experience Inc. (UP) filed a Form 144 reporting a proposed sale of 36,318 common shares valued at $106,124.83 to be executed through Morgan Stanley Smith Barney LLC on the NYSE with an approximate sale date of 08/29/2025. The 36,318 shares correspond to restricted stock that vested under a registered plan on three dates in 2025: 02/26/2025 (23,562 shares), 05/26/2025 (6,369 shares) and 08/26/2025 (6,387 shares). The filer reports no securities sold in the past three months and affirms they are not aware of undisclosed material adverse information about the issuer.
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Insights
TL;DR: Routine insider sale notice: 36,318 vested restricted shares to be sold through Morgan Stanley, modest aggregate value of $106k.
This Form 144 documents a proposed sale of shares that match recently vested restricted stock awards across three 2025 vesting dates, indicating the sale is of newly vested holdings rather than secondary transfers from long-standing positions. The aggregate value is relatively modest versus typical market-capitalization metrics for a public company, and there are no reported prior sales in the past three months. From a disclosure and compliance standpoint, the filing appears complete for the proposed transaction and includes the broker and planned sale date.
TL;DR: Compliance-focused filing showing insider follows Rule 144 procedures; no other governance red flags disclosed.
The notice ties the shares to restricted stock vesting under a registered plan and includes the broker, sale date, and aggregate market value, fulfilling Form 144 requirements. The signer affirms absence of undisclosed material adverse information. There is no report of prior sales in the lookback period, and no indication of a trading plan date on the form. This is a routine disclosure rather than a governance event that would materially alter investor assessment.