Wheels Up CAO has 274 shares withheld for taxes
Wheels Up Experience Inc. Chief Accounting Officer Alexander Chatkewitz reported a small, routine share disposition tied to equity compensation.
Rhea-AI Filing Summary
Wheels Up Experience Inc. Chief Accounting Officer Alexander Chatkewitz reported a small, routine share disposition tied to equity compensation. On the RSU vesting date, 274 shares of Class A common stock were withheld at $8.66 per share to cover tax liability from previously granted restricted stock units.
After this tax-withholding event, Chatkewitz directly held 43,000 shares of Class A common stock. The filing also notes that amounts have been adjusted for the company’s 1-for-20 reverse stock split that occurred on April 24, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 274 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 | 274 | $8.66 | $2K |
Holdings After Transaction:
Class A Common Stock, par value $0.0001 per share — 43,000 shares (Direct)
Footnotes (2)
- F1. Represents shares of Class A common stock, par value $0.0001 per share, 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 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, and Amendment No. 2 thereto, effective March 26, 2025), which were originally reported by the Reporting Person in a Form 4/A filed with the United States Securities and Exchange Commission on March 14, 2025.
- 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 withheld for taxes: 274 shares
Withholding price per share: $8.66 per share
Shares held after transaction: 43,000 shares
+3 more
6 metrics
Shares withheld for taxes
274 shares
Withheld to cover tax liability on RSU vesting
Withholding price per share
$8.66 per share
Value used for tax-withholding disposition
Shares held after transaction
43,000 shares
Direct Class A common stock holdings following disposition
Reverse stock split ratio
1-for-20
Reverse split effective April 24, 2026
Transaction code
Code F
Payment of tax liability by delivering securities
Tax-withholding shares total
274 shares
TaxWithholdingShares in transaction summary
Key Terms
tax liability, restricted stock units, reverse stock split, Long-Term Incentive Plan
4 terms
tax liability financial
"were withheld for the payment of tax liability arising as a result of the vesting"
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.
reverse stock split financial
"Amount of securities has been 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.
Long-Term Incentive Plan financial
"granted under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, as amended and restated April 1, 2023"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Wheels Up (UP) report for Alexander Chatkewitz?
Alexander Chatkewitz reported a tax-withholding disposition of 274 shares of Wheels Up Class A common stock. These shares were withheld to satisfy tax obligations arising from the vesting of previously granted restricted stock units.
Was the Wheels Up (UP) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 274 shares were withheld by the company to pay tax liability on RSU vesting, a standard administrative step in equity compensation, rather than a discretionary sale on the market.
What plan governs the RSUs involved in the Wheels Up (UP) insider filing?
The restricted stock units are granted under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, as amended and restated April 1, 2023, with further amendments effective April 15, 2024 and March 26, 2025, governing the company’s equity compensation awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
