Upstart (NASDAQ: UPST) officer exercises stock options to acquire 4,600 shares
Rhea-AI Filing Summary
Upstart Holdings, Inc. officer Natalia Mirgorodskaya exercised employee stock options to acquire 4,600 shares of Common Stock at an exercise price of $1.35 per share. These options were fully vested and exercisable. After the transaction, she directly holds 38,874 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,600 shares
Net Buy
2 txns
Insider
Mirgorodskaya Natalia
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to buy) | 4,600 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,600 | $1.35 | $6K |
Holdings After Transaction:
Employee Stock Option (Right to buy) — 0 shares (Direct);
Common Stock — 38,874 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. All of the shares subject to this option are fully vested and exercisable as of the date hereof.
Key Figures
Options exercised: 4,600 shares
Exercise price: $1.35 per share
Shares held after: 38,874 shares
+1 more
4 metrics
Options exercised
4,600 shares
Employee stock option exercise into common stock
Exercise price
$1.35 per share
Strike price for 4,600 exercised options
Shares held after
38,874 shares
Direct common stock ownership after transaction
Exercised option expiration
2026-12-28
Original expiration date of exercised options
Key Terms
Employee Stock Option (Right to buy), restricted stock units (RSUs), derivative security
3 terms
Employee Stock Option (Right to buy) financial
"security_title: "Employee Stock Option (Right to buy)""
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.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Upstart (UPST) officer Natalia Mirgorodskaya report in this Form 4?
She reported exercising employee stock options to acquire 4,600 Upstart common shares at a $1.35 exercise price. This transaction converts a derivative award into actual stock ownership, reflecting routine compensation-related activity rather than an open-market purchase or sale.
What type of security did the Upstart (UPST) Form 4 transaction involve?
The transaction involved an employee stock option, described as a right to buy Upstart common stock. Exercising this fully vested option at $1.35 per share resulted in receiving 4,600 common shares and reducing the option position to zero in this award.
Does the Upstart (UPST) Form 4 mention restricted stock units (RSUs)?
Yes, a footnote notes that certain securities are restricted stock units, each representing a right to receive one share. These RSUs vest over time under specified conditions, separate from the specific employee stock option that was exercised in this reported transaction.