Welcome to our dedicated page for Wheels Up Experience SEC filings (Ticker: UP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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) reported that Chief Digital Officer David Godsman had shares of Class A common stock withheld on August 26, 2026 to cover tax liabilities from vesting restricted stock units. Two Form 4 transactions show a total of 492 shares withheld at $5.06 per share in connection with RSU awards under the company’s amended and restated 2021 Long-Term Incentive Plan. These are non-open-market dispositions for tax payment, and no post-transaction share balance is stated.
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.
Wheels Up Experience Inc. (UP) reported that Chief Sales Officer Mark Briffa had 903 shares of Class A common stock withheld on August 26, 2026, at $5.06 per share, to pay tax liabilities arising from the vesting of restricted stock units under the A&R 2021 Long-Term Incentive Plan. A related disclosure states that Briffa forfeited multiple blocks of unvested RSUs for no consideration under a Settlement Agreement with Air Partner Limited and is expected to conclude his service as Chief Sales Officer effective September 1, 2026.
Wheels Up Experience Inc. announced that Chief Sales Officer Mark Briffa will step down from that role, remaining through September 1, 2026 to transition his duties. Chief Digital Officer David Godsman has assumed interim leadership of the global sales organization, in addition to his current responsibilities, and will work with Briffa to support an orderly transition.
Air Partner Limited, a subsidiary of Wheels Up, and Briffa entered into a Settlement Agreement dated August 12, 2026. The agreement provides continued salary through December 31, 2026, aggregate cash lump sums of £378,354.82 for severance and benefits (conditional on certain requirements), payment for accrued but untaken holidays, a full-year 2026 bonus subject to performance metrics, and capped reimbursements for legal and outplacement fees. Restricted stock units and performance-based restricted stock units scheduled or eligible to vest by September 1, 2027 will continue to vest under their original schedules, while all other equity awards were forfeited.
Wheels Up Experience Inc. received an updated ownership report from Whitebox Advisors LLC and Whitebox General Partner LLC. As of June 30, 2026, the firms are deemed to be the beneficial owners of 1,021,597 shares of Class A Common Stock, representing approximately 2.8% of the outstanding Class A Common Stock, based on 36,270,704 shares outstanding as of that date. They hold shared voting power over 424,004 shares and shared dispositive power over 1,021,597 shares, with no sole voting or dispositive power. Voting rights for shares held by Whitebox clients who are not U.S. citizens are collectively limited to 1% of all Class A Common Stock entitled to vote. The filing also states that, effective upon this Amendment No. 3, the group that may have been formed among the Reporting Persons and Kore Fund Ltd. and Kore Advisors LP with respect to this stock has been dissolved.
Kore Advisors LP and Kore Fund Ltd. report beneficial ownership of Class A Common Stock of Wheels Up Experience Inc. Kore Fund Ltd., a client of Kore Advisors, holds 770,231 shares, and each entity is deemed to beneficially own that amount.
As of June 30, 2026, this position represents 2.12% of the outstanding Class A Common Stock, based on 36,270,704 shares outstanding. The reporting persons have shared voting and dispositive power over 770,231 shares and no sole voting or dispositive power. Kore Fund Ltd. has the right to receive dividends and sale proceeds from these shares.
Ownership is reported as 5 percent or less of the class. Effective upon this Amendment No. 2, a prior "group" with Whitebox Advisors LLC and Whitebox General Partner LLC with respect to Wheels Up Class A Common Stock has been dissolved.
Wheels Up Experience Inc. executive Meaghan Danielle Wells, Chief Growth Officer, reported selling 4,358 shares of Class A Common Stock at a weighted average price of $5.41 per share. Following this transaction, she directly holds 61,695 shares of the company’s Class A Common Stock.
Wheels Up Experience Inc., a private aviation provider, reported three-month revenue of $181,999 thousand for the period ended June 30, 2026, slightly below 2025, and a net loss of $107,249 thousand versus $82,299 thousand a year earlier. For the six-month period, revenue was $350,921 thousand with a net loss of $190,207 thousand.
Total assets were $926,566 thousand, including cash and cash equivalents of $86,309 thousand and restricted cash of $33,766 thousand. Total debt principal reached $919,106 thousand, while stockholders’ equity was a deficit of $560,300 thousand. Deferred revenue, largely prepaid flights and memberships, was $626,891 thousand, expected to be recognized mainly through 2027.
During the quarter the company accelerated retirement of legacy aircraft, recording a $12,736 thousand impairment and increasing aircraft held for sale. It also executed a 1-for-20 reverse stock split, reducing authorized common shares from 1.5 billion to 75.0 million, with fractional shares settled in cash.
Wheels Up Experience Inc. extended its relationship with Delta Air Lines by signing Amendment No. 5 to the 2023 Credit Agreement, which keeps Delta’s $100.0 million revolving credit facility available for draws for two additional years, to September 20, 2028. The amendment leaves Delta’s commitment amount, covenants, collateral, and other key terms unchanged. As of July 31, 2026, Delta beneficially owned about 36.3% of Wheels Up’s Class A common stock, with voting rights capped so that shares above 29.9% are treated as neutral for voting, and the amendment was unanimously approved by the disinterested, independent directors.
For the quarter ended June 30, 2026, Wheels Up reported GAAP revenue of $182.0 million, down 4% year over year, reflecting the prior divestiture of non-core services while private jet flight revenue was flat. Gross profit rose to $9.6 million from $2.2 million, but net loss widened to $107 million (–$2.97 per share), mainly from higher interest and aircraft lease costs and a $12.7 million non-cash impairment tied to legacy fleet retirement. Adjusted Contribution was $22.5 million with a 12.4% margin, while Adjusted EBITDAR loss improved to $19.9 million from $27.3 million. For the first half, net cash used in operating activities was $191.3 million, and cash, cash equivalents and restricted cash totaled $120.1 million against total debt of over $600 million and negative equity of $560.3 million.
Operationally, Wheels Up completed its fleet modernization, making premium Embraer Phenom 300 and Bombardier Challenger 300 jets 100% of its active controlled fleet as of April 2026. Second-quarter Total Gross Bookings were $241.8 million, down 8% year over year, while Live Flight Legs fell 28%; however, Private Jet Gross Bookings per Live Flight Leg increased 27% to $22,048. Reliability reached new highs, with a 99.4% Completion Rate, 86.8% On-Time Performance (A-30) and a 3+ Hour Delay Rate of 1.2%. The Wheels Up Signature Membership program exceeded 1,200 members and now represents more than half of the active member base, with these members generally flying more hours at higher rates.
CK Wheels LLC, a ten percent owner of Wheels Up Experience Inc., reported open-market sales of common stock. On June 18, 2026, it sold 27,524 shares at an average price of $8.05 per share. On June 23, 2026, it sold 100 shares at $7.00 per share. After these transactions, CK Wheels LLC holds 12,870,254 shares of Wheels Up common stock.