Wheels Up CAO reports small tax share withholding
Wheels Up Experience Inc. Chief Accounting Officer Alexander Chatkewitz reported a small tax-related share disposition.
Rhea-AI Filing Summary
Wheels Up Experience Inc. Chief Accounting Officer Alexander Chatkewitz reported a small tax-related share disposition. On the vesting of previously granted restricted stock units, 188 shares of Class A common stock were withheld at a price of $7.20 per share to cover associated tax liabilities.
Following this withholding, Chatkewitz directly holds 42,812 shares of Class A common stock. This event reflects routine tax withholding on equity compensation rather than an open-market stock sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 188 shares
Exercise Price or Tax Liability
1 txn
Insider
Chatkewitz Alexander
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock, par value $0.0001 per share | 188 | $7.20 | $1K |
Holdings After Transaction:
Class A Common Stock, par value $0.0001 per share — 42,812 shares (Direct)
Footnotes (1)
- F1. Represents shares of Class A common stock, par value $0.0001 per share, of Wheels Up Experience Inc. that were withheld for the payment of tax liability arising as a result of the vesting of restricted stock units 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), which were originally reported by the Reporting Person in a Form 3 filed with the United States Securities and Exchange Commission on September 11, 2024.
Key Figures
Shares withheld for taxes: 188 shares
Withholding price per share: $7.20 per share
Shares held after transaction: 42,812 shares
+2 more
5 metrics
Shares withheld for taxes
188 shares
Tax-withholding disposition on RSU vesting
Withholding price per share
$7.20 per share
Value used for tax-withholding shares
Shares held after transaction
42,812 shares
Direct Class A common stock holdings post-transaction
Transaction type
Tax-withholding disposition (Code F)
Payment of tax liability by delivering securities
Security title
Class A Common Stock
Par value $0.0001 per share
Key Terms
restricted stock units, 2021 Long-Term Incentive Plan, tax liability, Form 4, +1 more
5 terms
restricted stock units financial
"arising as a result of the vesting of restricted stock units granted under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan"
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.
2021 Long-Term Incentive Plan financial
"granted under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, as amended and restated April 1, 2023"
tax liability financial
"were withheld for the payment of tax liability arising as a result of the vesting of restricted stock units"
Form 4 regulatory
"which were originally reported by the Reporting Person in a Form 3 filed with the United States Securities and Exchange Commission"
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.
Class A common stock financial
"Represents shares of Class A common stock, par value $0.0001 per share, of Wheels Up Experience Inc."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Wheels Up (UP) report for Alexander Chatkewitz?
Wheels Up reported that Chief Accounting Officer Alexander Chatkewitz had 188 shares of Class A common stock withheld to cover tax liabilities from vesting restricted stock units. This is a routine tax-withholding transaction, not an open-market purchase or sale of shares.
Was the Wheels Up (UP) Form 4 transaction an open-market sale or a tax event?
The transaction was a tax event, not an open-market sale. Shares were withheld by Wheels Up to cover tax liabilities triggered by vesting restricted stock units granted under the company’s long-term incentive plan, as described in the Form 4 footnote.
What plan governed the restricted stock units in this Wheels Up (UP) Form 4?
The restricted stock units were granted under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, as amended and restated with subsequent amendments through March 31, 2026. The vesting of these units led to the tax withholding of 188 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
