Wheels Up Experience Inc. filings document the public-company disclosures of an on-demand private aviation provider, including operating results, financial condition, fleet modernization, membership and charter activity, and non-GAAP performance measures reported with earnings materials. Current reports also cover Regulation FD releases, material agreements, and capital-structure matters tied to its common stock, warrants, and equity incentive arrangements.
The company’s proxy and 8-K filings address board composition, director elections, executive compensation votes, auditor ratification, long-term incentive plan matters, and amendments to governing documents. Recent capital-structure disclosures include the completed reverse stock split, authorized-share reduction, related amendments to the Wheels Up Partners Holdings LLC agreement, security-holder rights, and NYSE continued-listing compliance matters.
Wheels Up Experience Inc. (UP) filing a Form 144 notifies a proposed sale of restricted common stock. The notice identifies 23,959 shares to be sold through Morgan Stanley Smith Barney LLC with an aggregate market value of $34,946.60. The filer reports acquiring these shares as restricted stock on 06/05/2025, with payment dated the same day. The approximate sale date is listed as 08/15/2025 and the securities are listed on the NYSE. Total shares outstanding are reported as 698,798,208. No securities were sold by the filer in the prior three months according to this notice.
Wheels Up Experience Inc. (UP) Q2-25 10-Q key takeaways
- Revenue fell 3.4% YoY to $189.6 million; 1H-25 revenue down 6.7% to $367.2 million.
- Profitability improving: quarterly net loss narrowed to $82.3 million (-15.1% YoY); loss per share improved to $(0.12). Gross margin climbed to 8.3% vs. 2.3% a year ago.
- Cost discipline: cost of revenue declined 9.2% YoY; technology, G&A and depreciation also trended lower. A $20.2 million right-of-use impairment hit Q1 numbers.
- Liquidity: cash & cash equivalents dropped to $107.0 million from $216.4 million at year-end; operating cash burn was $110.8 million in 1H-25. Deferred revenue remains sizable at $727.1 million, reflecting prepaid flight hours and memberships.
- Leverage: total debt stands at $770.5 million; interest expense rose 32% YoY to $22.1 million for the quarter. Shareholders’ equity is negative $347.8 million.
- Subsequent event: on 7 Aug 2025 the company agreed to sell three non-core service units for ~$20 million cash, closing expected in Q3-25.
Management continues to pursue fleet modernization, divestitures and cost reductions while relying on large prepaid balances and revolving facilities to fund operations.
Wheels Up Experience Inc. (UP) – Form 3 Insider Filing: The filing discloses the initial beneficial ownership of Meaghan Danielle Wells, newly-appointed Chief Growth Officer. As of the 06/17/2025 event date, Wells beneficially owns 594,708 Class A common shares, all in the form of unvested Restricted Stock Units (RSUs).
The RSUs were granted on two dates:
- 204,082 RSUs on 11/04/2024, vesting in three equal tranches on 11/04/2025, 2026 and 2027.
- 390,626 RSUs on 02/26/2025, vesting 25 % on 02/26/2026 with the remainder in 12 equal quarterly installments beginning 05/26/2026.
No derivative securities, options, or indirect ownership were reported. The filing is routine, provides transparency on insider equity alignment, and does not announce any transactions affecting the public float or earnings outlook.