Welcome to our dedicated page for Upstart Holdings SEC filings (Ticker: UPST), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to SEC filings for Upstart Holdings, Inc. (NASDAQ: UPST), an AI lending marketplace that connects consumers with banks and credit unions for personal, auto, and home equity credit products. Through these filings, investors can review how Upstart reports its financial performance, capital structure, and key operating metrics.
Upstart’s annual reports on Form 10-K and quarterly reports on Form 10-Q describe its business model, revenue from platform and referral fees and servicing and other fees, interest income and fair value adjustments on loans, and definitions of metrics such as transaction volume, conversion rate, contribution profit, Adjusted EBITDA, and Adjusted Net Income. These documents also discuss risks related to funding, macroeconomic conditions, and operating in a highly regulated industry.
Current reports on Form 8-K highlight material events, including quarterly earnings releases, corrections to non-GAAP per-share figures, and the entry into material definitive agreements. For example, an 8-K describes Upstart’s issuance of 0% Convertible Senior Notes due 2032, detailing the terms of the notes, conversion features, redemption provisions, events of default, and the company’s use of proceeds, including capped call transactions and repurchases of earlier convertible notes.
Investors interested in capital structure and potential dilution can use these filings to analyze Upstart’s outstanding convertible notes and related hedging arrangements. Filings also reference securitizations and other loan funding mechanisms that support the company’s AI lending marketplace.
Stock Titan’s platform supplements these documents with AI-powered summaries that explain complex sections of 10-Ks, 10-Qs, and 8-Ks, highlight important changes from prior periods, and surface information on funding arrangements and key metrics. Real-time updates from EDGAR, along with structured access to Forms 3, 4, and 5 for insider transactions when available, help users follow how Upstart’s disclosures evolve over time.
Form 4 snapshot: On 06/20/2025, Upstart Holdings, Inc. (UPST) Chief Executive Officer and 10% owner Dave Girouard exercised 41,667 fully-vested options at an exercise price of $0.83 and, under a previously adopted Rule 10b5-1 trading plan, sold the same 41,667 common shares at a weighted-average price of $60.0471.
Transaction value: The exercise cost was roughly $34.6 k, while the sale generated about $2.5 million in gross proceeds, locking in an approximate $59.22 per-share gain.
Ownership impact: Direct holdings declined to 52,614 shares. However, Girouard still controls approximately 10.69 million shares through a series of family trusts and retains 960,076 additional vested options. The reported sale therefore represents well under 1 % of his total beneficial ownership, leaving his economic exposure largely intact.
Investor considerations:
- The modest size relative to overall stake and the use of a 10b5-1 plan mitigate signalling risk typically associated with insider sales.
- No new shares were issued; the exercised options were already accounted for in the fully-diluted share count, so dilution is immaterial.
- While recurring insider selling can pressure sentiment, the CEO’s remaining double-digit percentage stake continues to align management incentives with shareholder value.
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