Wheels Up CMO has 529 shares withheld for taxes
Rhea-AI Filing Summary
Wheels Up Experience Inc. (UP) reported that Chief Marketing Officer Kristen Lauria had shares of Class A common stock withheld on August 26, 2026 to cover tax liabilities from vesting restricted stock units under the company’s amended and restated 2021 Long-Term Incentive Plan.
Two tax-withholding dispositions were reported: 146 shares and 383 shares of Class A common stock, each valued at $5.06 per share. The filing characterizes both transactions as shares withheld for payment of tax liability rather than market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 529 shares
Tax Withholding
2 txns
Insider
Lauria Kristen
Role
Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock, par value $0.0001 per share F1 | 146 | $5.06 | $738.76 |
| Tax Withholding | Class A Common Stock, par value $0.0001 per share F2 | 383 | $5.06 | $2K |
Holdings After Transaction:
Class A Common Stock, par value $0.0001 per share — 81,645 shares (Direct)
Footnotes (2)
- F1. Represents shares of Class A common stock, par value $0.0001 per share ("Common Stock"), of Wheels Up Experience Inc. (the "Issuer") that were withheld for the payment of tax liability arising as a result of the vesting of restricted stock units ("RSUs") granted under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, as amended and restated April 1, 2023 (as amended by Amendment No. 1 thereto, effective April 15, 2024, Amendment No. 2 thereto, effective March 26, 2025, and Amendment No. 3 thereto, effective March 31, 2026, the "A&R 2021 LTIP"), which were originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on June 7, 2024.
- F2. Represents shares of Common Stock of the Issuer that were withheld for the payment of tax liability arising as a result of the vesting of RSUs granted under the A&R 2021 LTIP, which were originally reported by the Reporting Person in a Form 4/A filed with the SEC on March 14, 2025.
Key Figures
Tax-withholding shares (transaction 1): 146 shares
Tax-withholding shares (transaction 2): 383 shares
Total shares withheld for tax liability: 529 shares
+1 more
4 metrics
Tax-withholding shares (transaction 1)
146 shares
Shares of Class A common stock withheld on August 26, 2026 to pay tax liability on RSU vesting under the A&R 2021 LTIP
Tax-withholding shares (transaction 2)
383 shares
Additional shares of Class A common stock withheld on August 26, 2026 to pay tax liability on RSU vesting under the A&R 2021 LTIP
Total shares withheld for tax liability
529 shares
Aggregate of the two code F transactions reported for August 26, 2026
Per-share value used for withholding
$5.06 per share
Applied to both Class A common stock tax-withholding transactions on August 26, 2026
Key Terms
restricted stock units, A&R 2021 LTIP, tax liability, Form 4, +1 more
5 terms
restricted stock units financial
"arising as a result of the vesting of restricted stock units ("RSUs") granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
A&R 2021 LTIP financial
"granted under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, as amended"
tax liability financial
"were withheld for the payment of tax liability arising as a result of the vesting"
Form 4 regulatory
"originally reported by the Reporting Person in a Form 4 filed"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Form 4/A regulatory
"originally reported by the Reporting Person in a Form 4/A filed"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
FAQ
What insider transaction did UP report for Kristen Lauria on this Form 4?
Kristen Lauria, Chief Marketing Officer of Wheels Up Experience Inc., reported two transactions in Class A common stock on August 26, 2026, both involving shares withheld to satisfy tax liabilities arising from the vesting of restricted stock units granted under the company’s A&R 2021 LTIP.
Were Kristen Lauria’s UP transactions open-market sales?
No. The Form 4 describes both transactions as code F events, with shares withheld for payment of tax liability arising from RSU vesting under the A&R 2021 LTIP, rather than open-market sales or purchases.
Were Kristen Lauria’s UP Form 4 transactions made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirming trading plan, and the footnotes describe the transactions as shares withheld for tax liability on RSU vesting, with no reference to a trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
