UP ownership update: Kore discloses 17.0M shares, 2.4% stake

Rhea-AI Filing Summary

Wheels Up Experience Inc. (UP): Schedule 13G/A filed by Kore Advisors LP and Kore Fund Ltd. reporting passive ownership. As of September 30, 2025, they beneficially own 17,006,507 shares of Class A common stock, representing approximately 2.4% of the class, based on 720,346,459 shares outstanding as of September 30, 2025.

Kore reports 0 shares with sole voting or dispositive power and 17,006,507 shares with shared voting and shared dispositive power. The filing notes they may be deemed part of a “group” with Whitebox entities; in the aggregate, the group may be deemed to beneficially own 45,371,593 shares (about 6.3%). The filer certifies the securities are not held to change or influence control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Wheels Up Experience Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

96328L205

(CUSIP Number)

09/30/2025

(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)

SCHEDULE 13G

CUSIP No. 96328L205

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 17,006,507.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 17,006,507.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

17,006,507.00

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)

2.4 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: Note for Lines 6, 8, 9, 11 - See Item 4

SCHEDULE 13G

CUSIP No. 96328L205

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 17,006,507.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 17,006,507.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

17,006,507.00

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)

2.4 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Note for Lines 6, 8, 9, 11 - See Item 4

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.: 96328L205
Item 4.	Ownership
(a)	Amount beneficially owned: As of September 30, 2025, each of KA and KF is deemed to be the beneficial owner of 17,006,507 shares of Class A Common Stock as a result of the ownership of 17,006,507 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 2.4% of the shares of Class A Common Stock outstanding. Percent of class is calculated based on 720,346,459 shares of Class A Common Stock outstanding as of September 30, 2025, as reported in the Issuer's quarterly report on Form 10-Q filed on November 5, 2025.
(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: 17,006,507
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 17,006,507
Item 5.	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.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Effective September 13, 2024, the Reporting Persons may be deemed to have formed a "group", within the meaning of Section 13(d)(3) of the Act, with each of Whitebox Advisors LLC and Whitebox General Partner LLC (together, "Whitebox"). The group formed thereby may be deemed to beneficially own, in the aggregate, 45,371,593 shares of Class A Common Stock, representing approximately 6.3% of the shares of Class A Common Stock outstanding. It is the understanding of the Reporting Persons that Whitebox will be filing an amendment to its previously filed Schedule 13G pursuant to Rule 13d-1(k)(2). The Reporting Persons expressly disclaim beneficial ownership over any shares of Class A Common Stock that Whitebox may be deemed to beneficially own.
Item 9.	Notice of Dissolution of Group.
	Not Applicable

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.

Kore Advisors LP

Signature:	/s/ Alec Mallinger
Name/Title:	Alec Mallinger/Chief Compliance Officer
Date:	11/14/2025

Kore Fund Ltd.

Signature:	/s/ Alec Mallinger
Name/Title:	Alec Mallinger/Authorized Signatory
Date:	11/14/2025

FAQ

What did Kore Advisors report in its Schedule 13G/A for UP?

They reported beneficial ownership of 17,006,507 Wheels Up Class A shares, or 2.4%, as of September 30, 2025.

How was the 2.4% ownership percentage for UP calculated?

It was based on 720,346,459 shares outstanding as of September 30, 2025, per the company’s Form 10-Q.

Does Kore have sole or shared voting power over UP shares?

Kore reports 0 sole voting/dispositive power and 17,006,507 shared voting and shared dispositive power.

Is there a group associated with Kore’s UP holdings?

The filing states they may be deemed part of a group with Whitebox; in aggregate the group may be deemed to beneficially own 45,371,593 shares (6.3%).

Is Kore seeking to influence control of Wheels Up?

No. The certification states the securities were not acquired and are not held for the purpose of changing or influencing control.

Who signed the Schedule 13G/A amendment for Kore?

It was signed by Alec Mallinger on November 14, 2025.