CK Wheels sells 9,363 Wheels Up shares at $4.61
After selling 9,363 shares, ten percent owner CK Wheels LLC still directly holds 12,860,891 shares of Wheels Up common stock.
Rhea-AI Filing Summary
Wheels Up Experience Inc. (UP) reported that large shareholder CK Wheels LLC, a ten percent owner, executed a sale of common stock. On 2026-08-31, CK Wheels LLC sold 9,363 shares at a price of $4.61 per share in an open market or private transaction. Following this sale, CK Wheels LLC directly holds 12,860,891 shares of Wheels Up common stock. The reported securities are held by CK Wheels LLC, whose sole voting member is CK Opportunities GP, LLC, which is indirectly owned by affiliates of Certares Opportunities LLC and Knighthead Opportunities Capital Management, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,363 shares
Net Sell
1 txn
Insider
CK Wheels LLC
Role
10% Owner
Sold
9,363 shs ($43K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 9,363 | $4.61 | $43K |
Holdings After Transaction:
Common Stock — 12,860,891 shares (Direct)
Footnotes (1)
- F1. The reported securities are directly held by CK Wheels LLC, for which CK Opportunities GP, LLC ("CK GP") is the sole voting member. CK GP is indirectly owned 47.5% by affiliates of Certares Opportunities LLC and 47.5% by affiliates of Knighthead Opportunities Capital Management, LLC.
Key Figures
Shares sold: 9,363 shares of Common Stock
Sale price per share: $4.61 per share
Shares owned after transaction: 12,860,891 shares of Common Stock
+2 more
5 metrics
Shares sold
9,363 shares of Common Stock
Sale on 2026-08-31 by CK Wheels LLC
Sale price per share
$4.61 per share
Open market or private transaction on 2026-08-31
Shares owned after transaction
12,860,891 shares of Common Stock
Direct holdings of CK Wheels LLC following the sale
Indirect ownership by Certares affiliates
47.5%
Indirect ownership of CK Opportunities GP, LLC by Certares affiliates
Indirect ownership by Knighthead affiliates
47.5%
Indirect ownership of CK Opportunities GP, LLC by Knighthead affiliates
Key Terms
ten percent owner, open market or private transaction, voting member, beneficial ownership
4 terms
ten percent owner regulatory
"CK Wheels LLC is reported as a ten percent owner of the issuer"
open market or private transaction market
"transaction_code_description notes a sale in open market or private transaction"
voting member financial
"CK Opportunities GP, LLC is the sole voting member of CK Wheels LLC"
beneficial ownership financial
"ownership percentages for affiliates relate to indirect beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
Who is the insider involved in this Form 4 for UP?
The reporting person is CK Wheels LLC, identified as a ten percent owner of Wheels Up Experience Inc. The securities are directly held by CK Wheels LLC, with CK Opportunities GP, LLC as its sole voting member.
What are CK Wheels LLC’s holdings in UP after the reported transaction?
After the transaction, CK Wheels LLC directly holds 12,860,891 shares of Wheels Up common stock. This figure reflects the position reported as of the sale date on 2026-08-31.
Was the Wheels Up (UP) insider trade made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked (aff_10b5_one is false), indicating the reported sale by CK Wheels LLC was not affirmed as being made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
