Wheels Up CAO has 274 shares withheld for taxes

Rhea-AI Filing Summary

Wheels Up Experience Inc. (ticker UP) reported that Chief Accounting Officer Alexander Chatkewitz had 274 shares of Class A common stock withheld on August 26, 2026 to pay tax liability arising from the vesting of restricted stock units under the company’s 2021 Long-Term Incentive Plan. The shares were valued at $5.06 per share for this withholding, and following the transaction he directly holds 42,538 shares of Class A common stock.

Insider Trade Summary

Tax Withholding: 274 shares

Tax Withholding 1 txn

Insider Chatkewitz Alexander

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock, par value $0.0001 per share F1	274	$5.06	$1K

Holdings After Transaction: Class A Common Stock, par value $0.0001 per share — 42,538 shares (Direct)

Footnotes (1)

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/A filed with the United States Securities and Exchange Commission on March 14, 2025.

Key Figures

Shares withheld for taxes: 274 shares Price per share for withholding: $5.06 per share Shares held after transaction: 42,538 shares +1 more

4 metrics

Shares withheld for taxes 274 shares Shares of Class A common stock withheld on August 26, 2026 for tax liability

Price per share for withholding $5.06 per share Valuation used for the 274 withheld shares in the tax-liability transaction

Shares held after transaction 42,538 shares Direct holdings of Class A common stock by Alexander Chatkewitz following the transaction

Transaction date August 26, 2026 Date of the tax-withholding disposition reported on Form 4

Key Terms

restricted stock units, Long-Term Incentive Plan, tax liability, withheld for the payment of tax liability

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.

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.

tax liability financial

"were withheld for the payment of tax liability arising as a result"

withheld for the payment of tax liability financial

"that were withheld for the payment of tax liability arising as"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did UP report for Alexander Chatkewitz?

UP reported that 274 shares of Class A common stock were withheld from Alexander Chatkewitz on August 26, 2026 to pay tax liability from vesting restricted stock units under the 2021 Long-Term Incentive Plan.

Was the UP Form 4 transaction a market sale or tax withholding?

The Form 4 for UP shows a code F transaction, described as payment of tax liability by delivering or withholding securities, meaning the 274 shares were withheld for taxes rather than sold on the open market.

What price per share was used for Alexander Chatkewitz’s tax withholding at UP?

The 274 shares of UP Class A common stock withheld for taxes were valued at $5.06 per share in the Form 4 reporting the August 26, 2026 transaction.

How many UP shares does Alexander Chatkewitz hold after this Form 4 transaction?

After the tax-withholding transaction, Alexander Chatkewitz directly holds 42,538 shares of Wheels Up Experience Inc. Class A common stock, as reported in the Form 4.

What equity plan is referenced in UP’s Form 4 for Alexander Chatkewitz?

The withheld shares relate to restricted stock units granted under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, as amended and restated April 1, 2023 and further amended in 2024, 2025, and 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/28/2026 - 08:03 PM EDT Accepted by SEC EDGAR 08/28/2026 - 08:02 PM EDT Learn about SEC filing dates

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^*

Chatkewitz Alexander

(Last) (First) (Middle)

C/O WHEELS UP EXPERIENCE INC.

2135 AMERICAN WAY

(Street)

CHAMBLEE GEORGIA 30341

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2026

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
Class A Common Stock, par value $0.0001 per share	08/26/2026		F		274(1)	D	$5.06	42,538	D

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. 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/A filed with the United States Securities and Exchange Commission on March 14, 2025.

	/s/ Oliver Fankhauser as attorney-in-fact for Alexander Chatkewitz	08/28/2026
	** 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)