Upstart CEO Paul Gu buys 50K shares at $25.55
Upstart’s CEO Paul Gu indirectly bought additional UPST shares via JECCO, LLC, increasing his reported holdings.
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Form Type
4
Rhea-AI Filing Summary
Upstart Holdings, Inc. (UPST) reported that Chief Executive Officer and director Paul Gu purchased 50,000 shares of common stock on September 10, 2026, in open-market or private transactions at a weighted average price of $25.55 per share, through JECCO, LLC, an entity he manages. Following this transaction, JECCO, LLC holds 130,000 shares indirectly for him, and he also holds 1,102,616 shares directly, a portion of which are restricted stock units.
Insights
Analyzing...
Insider Trade Summary
Net Buyer: 50,000 shares
Net Buy
4 txns
Insider
Gu Paul
Role
Chief Executive Officer
Bought
50,000 shs ($1.28M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2 | 50,000 | $25.55 | $1.28M |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 130,000 shares (Indirect, by LLC);
Common Stock — 1,102,616 shares (Direct);
Common Stock — 114,930 shares (Indirect, by trust)
Footnotes (5)
- F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.505 to $25.585. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
- F2. The reportable securities are owned by JECCO, LLC, of which the Reporting Person is a managing member.
- F3. Certain of these securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
- F4. The reportable securities are owned by The Paul Xinquan Gu 2021 Gifting Trust, of which the Reporting Person is a trustee.
- F5. The reportable securities are owned by The Gu Qiao Family Trust, of which the Reporting Person is the trustee.
Key Figures
Shares purchased: 50,000 shares
Weighted average purchase price: $25.55 per share
Indirect holdings via JECCO, LLC after transaction: 130,000 shares
+2 more
5 metrics
Shares purchased
50,000 shares
Common stock purchased on September 10, 2026
Weighted average purchase price
$25.55 per share
Open-market or private purchase on September 10, 2026; trades from $25.505 to $25.585
Indirect holdings via JECCO, LLC after transaction
130,000 shares
Common stock owned indirectly by JECCO, LLC for Paul Gu after the purchase
Direct holdings after transaction
1,102,616 shares
Common stock held directly by Paul Gu, including RSUs, after the reported transaction
Net common shares bought in filing
50,000 shares
Net buy direction across all reported non-derivative transactions
Key Terms
weighted average price, restricted stock units (RSUs), contingent right, indirect ownership
4 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units (RSUs) financial
"Certain of these securities are restricted stock units (RSUs)."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
contingent right financial
"Each RSU represents a contingent right to receive one share of Common Stock."
indirect ownership financial
"The reportable securities are owned by JECCO, LLC, of which the Reporting Person is a managing member."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did UPST CEO Paul Gu report on this Form 4?
Paul Gu reported a purchase of 50,000 shares of Upstart Holdings, Inc. common stock on September 10, 2026, in an open-market or private transaction at a weighted average price of $25.55 per share, executed through an entity associated with him.
What are Paul Gu’s reported direct holdings of UPST common stock after the transaction?
Paul Gu is reported to hold 1,102,616 shares of Upstart common stock directly following the transaction. A footnote explains that some of these shares are restricted stock units (RSUs), each representing a contingent right to receive one share of common stock upon vesting.
Were the UPST insider transactions made under a Rule 10b5-1 trading plan?
The document-level checkbox for Rule 10b5-1 is not marked as affirmative, and the footnotes do not state that the reported purchase was made pursuant to a Rule 10b5-1 trading plan.
What indirect UPST holdings does Paul Gu report through trusts?
The filing states that certain reportable securities are owned by The Paul Xinquan Gu 2021 Gifting Trust and The Gu Qiao Family Trust, with Paul Gu as trustee of each. These positions are reported as indirect ownership by trust, without a specific share count in this data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
