Wheels Up sales chief sells 3,804 shares
Wheels Up Experience Inc. Chief Sales Officer Mark Briffa reported an open-market sale of 3,804 shares of Class A common stock on May 13, 2026 at a weighted average price of $4.99 per share.
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Form Type
4
Rhea-AI Filing Summary
Wheels Up Experience Inc. Chief Sales Officer Mark Briffa reported an open-market sale of 3,804 shares of Class A common stock on May 13, 2026 at a weighted average price of $4.99 per share. After this transaction, he directly holds 82,003 shares. Share amounts reflect the company’s 1-for-20 reverse stock split that occurred on April 24, 2026.
Insider Trade Summary
Net Seller: 3,804 shares
Net Sell
1 txn
Insider
Briffa Mark
Role
Chief Sales Officer
Sold
3,804 shs ($19K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock, par value $0.0001 per share | 3,804 | $4.99 | $19K |
Holdings After Transaction:
Class A Common Stock, par value $0.0001 per share — 82,003 shares (Direct)
Footnotes (2)
- F1. The price reported in this box in Column 4 is a weighted average price. These shares were sold on May 13, 2026 in a transaction at a price of $4.99 per share, inclusive. The Reporting Person undertakes to provide to Wheels Up Experience Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold.
- F2. Amount of securities has been adjusted to reflect the Issuer's 1-for-20 reverse stock split that occurred on April 24, 2026.
Key Figures
Shares sold: 3,804 shares
Sale price: $4.99 per share
Shares held after transaction: 82,003 shares
+2 more
5 metrics
Shares sold
3,804 shares
Open-market sale on May 13, 2026
Sale price
$4.99 per share
Weighted average sale price on May 13, 2026
Shares held after transaction
82,003 shares
Direct ownership following May 13, 2026 sale
Reverse stock split ratio
1-for-20
Reverse split effective April 24, 2026
Net insider share change
-3,804 shares
Net sell direction in transaction summary
Key Terms
open-market sale, weighted average price, Class A Common Stock, reverse stock split
4 terms
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in this box in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class A Common Stock financial
"Class A Common Stock, par value $0.0001 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
reverse stock split financial
"adjusted to reflect the Issuer's 1-for-20 reverse stock split"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Wheels Up (UP) report for Mark Briffa?
Wheels Up reported that Chief Sales Officer Mark Briffa sold 3,804 shares of Class A common stock in an open-market transaction on May 13, 2026 at a weighted average price of $4.99 per share.
How many Wheels Up (UP) insider sell transactions were reported in this Form 4?
The Form 4 filing reports a single insider transaction for Chief Sales Officer Mark Briffa, consisting of one open-market sale of 3,804 shares of Class A common stock on May 13, 2026.
How did Wheels Up’s 1-for-20 reverse stock split affect this Form 4?
The Form 4 notes that the reported share amounts were adjusted to reflect Wheels Up’s 1-for-20 reverse stock split, which occurred on April 24, 2026, ensuring the disclosed holdings and transaction shares use post-split figures.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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