Upstart CEO buys 50,000 shares via family trust
Upstart Holdings, Inc. director and Chief Executive Officer Paul Gu reported an open-market purchase of 50,000 shares of common stock at $27.50 per share.
Rhea-AI Filing Summary
Upstart Holdings, Inc. director and Chief Executive Officer Paul Gu reported an open-market purchase of 50,000 shares of common stock at $27.50 per share. The transaction was made indirectly through The Paul Xinquan Gu 2021 Gifting Trust, where he serves as trustee, and increased that trust’s holdings to 70,000 shares.
Separate holding entries show indirect ownership of 80,000 shares through JECCO, LLC and 44,930 shares through The Gu Qiao Family Trust, as well as 1,102,616 shares held directly. Footnotes note that these totals include 390 shares acquired under Upstart’s 2020 Employee Stock Purchase Plan and that certain shares are in the form of restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 50,000 shares
Net Buy
4 txns
Insider
Gu Paul
Role
Chief Executive Officer
Bought
50,000 shs ($1.38M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 50,000 | $27.50 | $1.38M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 114,930 shares (Indirect, by trust);
Common Stock — 1,102,616 shares (Direct);
Common Stock — 80,000 shares (Indirect, by LLC)
Footnotes (5)
- F1. The reportable securities are owned by The Gu Qiao Family Trust, of which the Reporting Person is a managing member.
- F2. Includes 390 shares acquired on February 13, 2026 under the Issuer's 2020 Employee Stock Purchase Plan.
- 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 JECCO, LLC, of which the Reporting Person is a managing member.
Key Figures
Open-market purchase: 50,000 shares
Purchase price: $27.50 per share
Gifting Trust holdings: 70,000 shares
+4 more
7 metrics
Open-market purchase
50,000 shares
Common Stock bought by gifting trust
Purchase price
<money>$27.50</money> per share
Price for 50,000-share open-market purchase
Gifting Trust holdings
70,000 shares
Total held by Paul Xinquan Gu 2021 Gifting Trust after purchase
JECCO, LLC holdings
80,000 shares
Indirect ownership via JECCO, LLC
Family Trust holdings
44,930 shares
Indirect ownership via The Gu Qiao Family Trust
Direct holdings
1,102,616 shares
Shares held directly by Paul Gu
ESPP shares
390 shares
Acquired February 13, 2026 under 2020 Employee Stock Purchase Plan
Key Terms
open-market purchase, restricted stock units (RSUs), Employee Stock Purchase Plan, gifting trust, +1 more
5 terms
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
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.
Employee Stock Purchase Plan financial
"acquired on February 13, 2026 under the Issuer's 2020 Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
gifting trust financial
"The reportable securities are owned by The Paul Xinquan Gu 2021 Gifting Trust."
LLC financial
"The reportable securities are owned by JECCO, LLC, of which the Reporting Person is a managing member."
A limited liability company (LLC) is a legal business structure that shields owners’ personal assets from the company’s debts and legal claims while letting the business operate with flexible management rules. For investors, an LLC matters because it changes how risk, taxes and ownership transfers work—profits often flow through to owners’ personal tax returns and liability is typically limited, so investing in an LLC is like putting a financial firewall between your personal finances and the business.
FAQ
What insider transaction did Upstart (UPST) report for Paul Gu?
Upstart reported an open-market purchase by a trust associated with CEO Paul Gu. The Paul Xinquan Gu 2021 Gifting Trust bought 50,000 Upstart common shares, reflecting additional indirect ownership rather than a sale or reduction in his position.
Does the Upstart (UPST) Form 4 mention restricted stock units (RSUs)?
Yes, the filing states that some reported securities are restricted stock units. Each RSU represents a contingent right to receive one Upstart common share, subject to vesting schedules and conditions described in the applicable award arrangements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
