Wheels Up Experience (UP) CEO makes open-market share purchase

Rhea-AI Filing Summary

Wheels Up Experience Inc. director and Chief Executive Officer George N. Mattson reported an open-market purchase of the company’s Class A Common Stock. On May 18, 2026, he bought 1,475 shares at a weighted average price of $5.56 per share in multiple transactions priced between $5.46 and $5.60.

Following this transaction, Mattson directly owns 27,791 shares of Wheels Up Class A Common Stock. The filing notes that detailed breakdowns of the individual trade prices within this range are available upon request.

Insider Trade Summary

Net Buyer: 1,475 shares ($8,201)

Net Buy 1 txn

Insider Mattson George N

Role Chief Executive Officer

Bought 1,475 shs ($8K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock, par value $0.0001 per share	1,475	$5.56	$8K

Holdings After Transaction: Class A Common Stock, par value $0.0001 per share — 27,791 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares purchased: 1,475 shares Weighted average purchase price: $5.56 per share Post-transaction holdings: 27,791 shares +1 more

4 metrics

Shares purchased 1,475 shares Open-market buy on May 18, 2026

Weighted average purchase price $5.56 per share Open-market transactions on May 18, 2026

Post-transaction holdings 27,791 shares Directly owned after the reported trade

Trade price range $5.46–$5.60 per share Range of prices for individual trade executions

Key Terms

open-market purchase, weighted average price, Class A Common Stock

3 terms

open-market purchase financial

"transaction_action: "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mattson George N

(Last) (First) (Middle)

C/O WHEELS UP EXPERIENCE INC.

2135 AMERICAN WAY

(Street)

CHAMBLEE GEORGIA 30341

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Wheels Up Experience Inc. [ UP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock, par value $0.0001 per share	05/18/2026		P		1,475	A	$5.56(1)	27,791	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in this box in Column 4 is a weighted average price. These shares were purchased on May 18, 2026 in multiple transactions at prices per share ranging from $5.46 to $5.60, 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 purchased at each separate price within the range set forth in this footnote.

	/s/ Mark Sorensen as attorney-in-fact for George N. Mattson	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Wheels Up (UP) report for George N. Mattson?

Wheels Up reported that CEO and director George N. Mattson bought 1,475 shares of Class A Common Stock. The purchase was made in the open market, signaling an increase in his personal equity stake in the company.

At what price did George N. Mattson buy Wheels Up (UP) shares?

George N. Mattson bought 1,475 Wheels Up shares at a weighted average price of $5.56 per share. The individual trades occurred between $5.46 and $5.60 per share, according to the Form 4 footnote.

How many Wheels Up (UP) shares does George N. Mattson own after this trade?

After the reported purchase, George N. Mattson directly owns 27,791 shares of Wheels Up Class A Common Stock. This reflects his updated ownership position following the 1,475-share open-market buy disclosed in the Form 4.

When did the Wheels Up (UP) CEO’s open-market share purchase occur?

The open-market purchase by Wheels Up CEO George N. Mattson took place on May 18, 2026. The Form 4 notes that the trade was executed in multiple transactions within a narrow price range on that date.

Was George N. Mattson’s Wheels Up (UP) trade a buy or a sell?

The transaction was a buy. George N. Mattson executed an open-market purchase of 1,475 shares of Wheels Up Class A Common Stock, increasing his direct holdings as reported in the Form 4 filing.