Wheels Up (NYSE: UP) officer withholds 2,098 shares to cover RSU taxes
Rhea-AI Filing Summary
Wheels Up Experience Inc. reported an insider equity transaction by its Chief People Officer. On 11/26/2025, the officer had 2,098 shares of Class A common stock withheld at $0.78 per share to cover tax liabilities triggered by the vesting of previously reported restricted stock units. Following this tax withholding, the officer beneficially owns 792,249 shares of Class A common stock held directly. This filing reflects an administrative tax-related event rather than an open-market purchase or sale.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock, par value $0.0001 per share | 2,098 | $0.78 | $2K |
Footnotes (1)
- F1. 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 on June 7, 2024.
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FAQ
What insider transaction did Wheels Up (UP) report in this Form 4?
The Chief People Officer of Wheels Up Experience Inc. reported a tax-related transaction where 2,098 shares of Class A common stock were withheld on 11/26/2025 in connection with vesting restricted stock units.
Was the Wheels Up (UP) Form 4 transaction an open-market sale?
No. The transaction is coded "F", indicating shares were withheld to satisfy tax obligations from restricted stock unit vesting, not an open-market sale.
What triggered the tax withholding reported in this Wheels Up (UP) Form 4?
The withholding relates to a tax liability arising from the vesting of restricted stock units that had been previously reported by the officer.