Wheels Up Insider Files Form 4: 25,000 Shares Sold, 2,097 Withheld for Taxes
Rhea-AI Filing Summary
Brian Joseph Kedzior, Chief People Officer of Wheels Up Experience Inc. (UP), reported transactions dated 08/26/2025. The filing shows 2,097 Class A shares were withheld to satisfy tax liabilities from the vesting of previously reported restricted stock units. On the same date the Reporting Person sold 25,000 shares in multiple transactions at a weighted average price of $2.94 (individual prices ranged $2.92–$3.00). Following these transactions the Reporting Person beneficially owned 834,914 Class A shares. The Form 4 was signed by an attorney-in-fact on behalf of the Reporting Person on 08/28/2025.
Positive
- Timely disclosure of insider transactions consistent with Section 16 reporting requirements
- Specific pricing details provided (weighted average $2.94 and price range $2.92–$3.00) and resulting beneficial ownership reported
Negative
- Insider sale of 25,000 shares, which reduces the Reporting Person's stake to 834,914 shares
- Shares withheld (2,097) to satisfy tax liability from RSU vesting
Insights
TL;DR: Routine insider tax-withholding and open-market sale; not a company operational disclosure.
The Form 4 documents a tax-withholding event from RSU vesting (2,097 shares) and an open-market sale of 25,000 shares at a weighted average $2.94. These are personal transactions by the Chief People Officer and reflect equity monetization and tax settlement rather than corporate performance changes. The filing provides specific prices and resulting beneficial ownership (834,914 shares), enabling investors to update insider holdings but contains no operational or financial guidance.
TL;DR: Disclosure complies with Section 16 timing and content requirements; shows insider liquidity and tax settlement.
The report identifies the reporting person, role, and relationship to the issuer, with transactions properly itemized and an attorney-in-fact signature. The withholding of shares for tax on vested RSUs and subsequent sale are typical and are disclosed with price ranges and a weighted average. The document satisfies reporting form requirements but does not indicate governance actions or changes in control.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock, par value $0.0001 per share | 2,097 | $3.00 | $6K |
| Sale | Class A Common Stock, par value $0.0001 per share | 25,000 | $2.94 | $74K |
Footnotes (1)
- Represents shares withheld for payment of tax liability arising as a result of the vesting of restricted stock units originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on June 7, 2024. The price reported in this box in Column 4 is a weighted average price. These shares were sold on August 26, 2025 in multiple transactions at prices ranging from $2.92 to $3.00 per share, inclusive. The Reporting Person undertakes to provide to Wheels Up Experience Inc. (the "Company"), any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price.
