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UP insider files Form 144 for 5,780 restricted shares sale on NYSE

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Wheels Up Experience Inc. (UP) notice reports a proposed sale of 5,780 common shares acquired as restricted stock on 05/26/2025. The sale is to be executed through Morgan Stanley Smith Barney LLC on the NYSE with an approximate aggregate market value of $17,343.47 and an indicated approximate sale date of 08/26/2025. The filing lists 698,798,208 shares outstanding. No sales by the filer in the prior three months are reported. The filer attests they have no undisclosed material adverse information and includes the standard signature and legal warning language.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Small insider sale disclosed; immaterial to market capitalization but useful for transparency.

The Form 144 notifies the market of a proposed sale of 5,780 restricted shares valued at about $17k. Relative to the 698.8 million shares outstanding, this represents an immaterial percentage of the float and is unlikely to affect share price or valuations. The filing confirms acquisition date (05/26/2025) and broker routing through Morgan Stanley, providing standard market execution details. No prior sales in the past three months reduces concerns about a clustered disposal pattern.

TL;DR: Filing complies with Rule 144 disclosure; includes attestation against undisclosed material information.

The notice appears to meet Rule 144 requirements by specifying class, acquisition type (restricted stock), acquisition and proposed sale dates, broker, and aggregate value. The explicit attestation that the filer is unaware of undisclosed material adverse information and the absence of recent sales support procedural compliance. There is no indication of material risk or regulatory noncompliance within the information provided.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does Wheels Up (UP) report in this Form 144?

UP reports a proposed sale of 5,780 common shares acquired as restricted stock on 05/26/2025, to be sold via Morgan Stanley on NYSE around 08/26/2025.

How much are the shares worth in the Form 144 for UP?

The aggregate market value is $17,343.47 for the 5,780 shares indicated in the filing.

When were the securities acquired according to the UP Form 144?

The securities were acquired on 05/26/2025 and are described as restricted stock from the issuer.

Has the filer sold any UP shares in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

Does the Form 144 indicate any undisclosed material information about UP?

No. The filer attests they do not know of any material adverse information about the issuer that has not been publicly disclosed.
Wheels Up Experience Inc

NYSE:UP

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