Wheels Up CLO has 4,345 shares withheld for taxes
Chief Legal Officer Matthew J. Knopf had shares withheld to cover taxes on vested equity, with 91,521 Wheels Up shares held directly after the transaction.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Wheels Up Experience Inc. (UP) reported that Chief Legal Officer Matthew J. Knopf had 4,345 shares of Class A common stock withheld on September 9, 2026 to satisfy tax liability from the vesting of restricted stock units. The shares were valued at $4.04 per share for this purpose, leaving him with 91,521 directly held shares afterward.
Insider Trade Summary
Tax Withholding: 4,345 shares
Tax Withholding
1 txn
Insider
Knopf Matthew J.
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock, par value $0.0001 per share F1 | 4,345 | $4.04 | $18K |
Holdings After Transaction:
Class A Common Stock, par value $0.0001 per share — 91,521 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 4 filed with the United States Securities and Exchange Commission on September 11, 2024.
Key Figures
Shares withheld for taxes: 4,345 shares
Per-share value for withholding: $4.04 per share
Shares held after transaction: 91,521 shares
+1 more
4 metrics
Shares withheld for taxes
4,345 shares
Shares of Class A common stock withheld on September 9, 2026
Per-share value for withholding
$4.04 per share
Value used for the tax-withholding disposition
Shares held after transaction
91,521 shares
Directly held Class A common stock after the September 9, 2026 transaction
Tax-withholding transaction shares
4,345 shares
Exercise-price-or-tax-liability category in transaction summary
Key Terms
restricted stock units, withheld for the payment of tax liability, Long-Term Incentive Plan, Class A common stock
4 terms
restricted stock units financial
"arising as a result of the vesting of restricted stock units 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.
withheld for the payment of tax liability financial
"shares of Class A common stock ... that were withheld for the payment of tax liability"
Long-Term Incentive Plan financial
"granted under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan"
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.
Class A common stock financial
"Represents shares of 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did UP report for Matthew J. Knopf?
UP reported that 4,345 shares of Class A common stock were withheld on September 9, 2026 to pay tax liability arising from the vesting of restricted stock units granted under the 2021 Long-Term Incentive Plan.
Did the UP insider Form 4 involve an open market sale or purchase?
No. The filing shows a Code F transaction, meaning shares were withheld to pay tax liability on vested restricted stock units, rather than an open market buy or sell of Wheels Up shares.
Was a Rule 10b5-1 trading plan involved in this UP Form 4?
No. The filing indicates that no Rule 10b5-1 trading plan was reported in connection with this tax-withholding transaction for Matthew J. Knopf.
AI-generated analysis. How Rhea-AI works. Not financial advice.
