CK Wheels LLC (NYSE: UP) sells 10,582 Wheels Up shares

Rhea-AI Filing Summary

CK Wheels LLC, a 10% owner of Wheels Up Experience Inc., reported open-market sales totaling 10,582 shares of Common Stock over three days at prices between $8.07 and $8.52 per share. After these transactions, it holds 12,897,878 shares.

Insider Trade Summary

Net Seller: 10,582 shares ($86,282)

Net Sell 3 txns

Insider CK Wheels LLC

Role null

Sold 10,582 shs ($86K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,309	$8.07	$43K
Sale	Common Stock	4,021	$8.15	$33K
Sale	Common Stock	1,252	$8.52	$11K

Holdings After Transaction: Common Stock — 12,897,878 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Total shares sold: 10,582 shares June 17, 2026 sale: 5,309 shares at $8.07/share June 16, 2026 sale: 4,021 shares at $8.15/share +2 more

5 metrics

Total shares sold 10,582 shares Open-market sales over three days in June 2026

June 17, 2026 sale 5,309 shares at $8.07/share Common Stock open-market sale

June 16, 2026 sale 4,021 shares at $8.15/share Common Stock open-market sale

June 15, 2026 sale 1,252 shares at $8.52/share Common Stock open-market sale

Shares held after June 17 sale 12,897,878 shares Total Common Stock directly held by CK Wheels LLC

Key Terms

open-market sale, Common Stock, ten percent owner, beneficial ownership

4 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

ten percent owner financial

""is_ten_percent_owner": 1"

beneficial ownership financial

"CK GP is indirectly owned 47.5% by affiliates"

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.

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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^*

CK Wheels LLC

(Last) (First) (Middle)

KNIGHTHEAD OPPORTUNITIES CAPITAL MGMT

320 PARK AVENUE, FLOOR 28

(Street)

NEW YORK NEW YORK 10022

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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
Common Stock	06/15/2026		S		1,252	D	$8.52	12,907,208	D(1)
Common Stock	06/16/2026		S		4,021	D	$8.15	12,903,187	D(1)
Common Stock	06/17/2026		S		5,309	D	$8.07	12,897,878	D(1)

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 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.

	CK Wheels LLC, By: /s/ Thomas La Macchia, Authorized Signatory	06/17/2026
	CK Wheels LLC, By: /s/ Laura L. Torrado, Authorized Signatory	06/17/2026
	CK Opportunities GP, LLC, By: /s/ Thomas LaMacchia, Authorized Signatory	06/17/2026
	CK Opportunities GP, LLC, By: /s/ Laura L. Torrado, Authorized Signatory	06/17/2026
	Certares Opportunities, LLC, By: Certaries Management LLC, its Sole Member, By: /s/ Thomas LaMacchia, Authorized Signatory	06/17/2026
	Knighthead Opportunities Capital Management, LLC, By: /s/ Laura L. Torrado, General Counsel	06/17/2026
	** 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)