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.
Positive
None.
Negative
None.
Key Figures
Beneficially owned shares:770,231 sharesOwnership percentage:2.12%Shares outstanding:36,270,704 shares+2 more
5 metrics
Beneficially owned shares770,231 sharesClass A Common Stock beneficially owned by Kore Advisors LP and Kore Fund Ltd. as of June 30, 2026
Ownership percentage2.12%Percent of Wheels Up Class A Common Stock beneficially owned by each reporting person
Shares outstanding36,270,704 sharesWheels Up Class A Common Stock outstanding as of June 30, 2026
Shared voting power770,231 sharesShares over which the reporting persons have shared power to vote or direct the vote
Shared dispositive power770,231 sharesShares over which the reporting persons have shared power to dispose or direct disposition
Key Terms
beneficial owner, shared voting power, shared dispositive power, percent of class, +1 more
5 terms
beneficial ownerfinancial
"each of KA and KF is deemed to be the beneficial owner of 770,231 shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
shared voting powerfinancial
"Shared Voting Power 770,231.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 770,231.00"
percent of classfinancial
"Each of KA and KF is deemed to beneficially own approximately 2.12% of the shares"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
groupregulatory
"the "group" ... that may be deemed to have been formed among the Reporting Persons"
FAQ
What stake in Wheels Up Experience Inc. (UP) do Kore Advisors and Kore Fund report?
Kore Advisors LP and Kore Fund Ltd. report beneficial ownership of 770,231 shares of Wheels Up Class A Common Stock. This position is held by Kore Fund Ltd., a client of Kore Advisors, and both entities are deemed beneficial owners of the same shares.
What percentage of Wheels Up (UP) Class A shares does 770,231 represent?
The 770,231 shares of Class A Common Stock represent approximately 2.12% of Wheels Up’s outstanding Class A shares. This percentage is based on 36,270,704 shares outstanding as of June 30, 2026, as reported in the company’s Form 10-Q.
Who has voting and dispositive power over the Wheels Up (UP) shares?
Kore Advisors LP and Kore Fund Ltd. report shared voting power over 770,231 shares and shared dispositive power over 770,231 shares. They report no sole voting or dispositive power over any Wheels Up Class A Common Stock in this ownership statement.
Which entity receives dividends from the Wheels Up (UP) shares?
Kore Fund Ltd. has the right to receive, or direct the receipt of, dividends and proceeds from any sale of the 770,231 Wheels Up Class A Common Stock shares that may be deemed to be beneficially owned by the reporting persons.
Is Kore Advisors’ and Kore Fund’s ownership in Wheels Up (UP) above 5%?
No. Kore Advisors LP and Kore Fund Ltd. each report beneficial ownership of approximately 2.12% of Wheels Up’s Class A Common Stock. The statement explicitly notes ownership of 5 percent or less of the class of Class A shares.
What change is reported regarding the investor group in Wheels Up (UP)?
The amendment states that, effective upon this filing, the group that may have been formed among the reporting persons and Whitebox Advisors LLC and Whitebox General Partner LLC with respect to Wheels Up Class A Common Stock has been dissolved.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Wheels Up Experience Inc.
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
96328L304
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
96328L304
1
Names of Reporting Persons
Kore Advisors LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
770,231.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
770,231.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
770,231.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.12 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
96328L304
1
Names of Reporting Persons
Kore Fund Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
770,231.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
770,231.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
770,231.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.12 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Wheels Up Experience Inc.
(b)
Address of issuer's principal executive offices:
2135 American Way, Chamblee, GA 30341
Item 2.
(a)
Name of person filing:
This statement is filed by: (i) Kore Advisors LP, a Delaware limited partnership ("KA"); and (ii) Kore Fund Ltd., a Cayman Islands Exempted Company ("KF").
(b)
Address or principal business office or, if none, residence:
The address of the business office of KA and KF is: 1501 Corporate Drive, Suite 120, Boynton Beach, FL 33426
(c)
Citizenship:
KA is organized under the laws of the State of Delaware; KF is under the Cayman Islands.
(d)
Title of class of securities:
Class A Common Stock, par value $0.0001 per share
(e)
CUSIP No.:
96328L304
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of June 30, 2026, each of KA and KF is deemed to be the beneficial owner of 770,231 shares of Class A Common Stock as a result of the ownership of 770,231 shares of Class A Common Stock by KF, which is a client of KA.
(b)
Percent of class:
Each of KA and KF is deemed to beneficially own approximately 2.12% of the shares of Class A Common Stock outstanding. Percent of class is calculated based on 36,270,704 shares of Class A Common Stock outstanding as of June 30, 2026, as reported in the Issuer's quarterly report on Form 10-Q filed on August 5, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
770,231
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
770,231
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
KF has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Class A Common Stock covered by this Statement that may be deemed to be beneficially owned by the Reporting Persons.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please see Exhibit B Attached hereto.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Effective upon the filing of this Amendment No. 2 to Schedule 13G, the "group", within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, that may be deemed to have been formed among the Reporting Persons and each of Whitebox Advisors LLC and Whitebox General Partner LLC with respect to the Class A Common Stock of the Issuer has been dissolved.
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
