Wheels Up Experience Inc. filings document an on-demand private aviation company and the securities associated with its public capital structure, including the WSUPW warrant security. Current reports describe fleet modernization, the retirement of legacy jet fleets from revenue service, reverse stock split effects, amendments to the Wheels Up Partners Holdings LLC agreement, and material modifications to security-holder rights.
Proxy materials cover director elections, advisory compensation votes, auditor ratification, and amendments to the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan. The filing record also includes board transition disclosures and governance matters tied to annual meetings, Delaware corporate documents, and subsidiary operating agreements.
Wheels Up Experience Inc. Chief Sales Officer Mark Briffa reported an open-market sale of 3,804 shares of Class A common stock on May 13, 2026 at a weighted average price of $4.99 per share. After this transaction, he directly holds 82,003 shares. Share amounts reflect the company’s 1-for-20 reverse stock split that occurred on April 24, 2026.
Wheels Up Experience Inc. Chief Sales Officer Mark Briffa reported an open-market sale of 3,804 shares of Class A common stock on May 13, 2026 at a weighted average price of $4.99 per share. After this transaction, he directly holds 82,003 shares. Share amounts reflect the company’s 1-for-20 reverse stock split that occurred on April 24, 2026.
Wheels Up Experience Inc. director and Chief Executive Officer George N. Mattson reported open-market purchases of Class A common stock over three consecutive days. He bought 14,983 shares on May 13, 1,304 shares on May 14, and 10,029 shares on May 15 at weighted average prices around the mid-$5 range. Following these transactions, he directly owns 26,316 Class A common shares.
Wheels Up Experience Inc. director and Chief Executive Officer George N. Mattson reported open-market purchases of Class A common stock over three consecutive days. He bought 14,983 shares on May 13, 1,304 shares on May 14, and 10,029 shares on May 15 at weighted average prices around the mid-$5 range. Following these transactions, he directly owns 26,316 Class A common shares.
Wheels Up Experience Inc. reported first-quarter 2026 results and announced new financing. Revenue was $168.9 million, down 5% year over year, while net loss was $83.0 million or $(2.29) per share. Total Gross Bookings reached $267.2 million, up 10%, driven by charter growth, but Adjusted Contribution Margin fell to 8.7%.
The company posted an Adjusted EBITDAR loss of $18.3 million, a slight improvement, while net cash used in operating activities rose to $99.6 million. Operationally, Wheels Up completed its fleet modernization, now operating only Phenom and Challenger jets, and improved Completion Rate to 98.9% and On-Time Performance (A‑30) to 82.7%, with a 3+ hour delay rate of 2.0%.
Capital structure is being reshaped through a $100 million unsecured three‑year PIK term loan from a Delta‑led lender group, with capacity for an additional $100 million and an upsized aircraft financing facility. These facilities are expected to add about $165 million of liquidity to support fleet investment and multi‑year growth plans.
Wheels Up Experience Inc. reported first-quarter 2026 results and announced new financing. Revenue was $168.9 million, down 5% year over year, while net loss was $83.0 million or $(2.29) per share. Total Gross Bookings reached $267.2 million, up 10%, driven by charter growth, but Adjusted Contribution Margin fell to 8.7%.
The company posted an Adjusted EBITDAR loss of $18.3 million, a slight improvement, while net cash used in operating activities rose to $99.6 million. Operationally, Wheels Up completed its fleet modernization, now operating only Phenom and Challenger jets, and improved Completion Rate to 98.9% and On-Time Performance (A‑30) to 82.7%, with a 3+ hour delay rate of 2.0%.
Capital structure is being reshaped through a $100 million unsecured three‑year PIK term loan from a Delta‑led lender group, with capacity for an additional $100 million and an upsized aircraft financing facility. These facilities are expected to add about $165 million of liquidity to support fleet investment and multi‑year growth plans.
Wheels Up Experience Inc. has completed a major step in its fleet modernization plan by retiring its legacy jet fleets from revenue service and moving to an all-Phenom 300 and Challenger 300 series on-fleet jet operation. The company reached this milestone about 18 months ahead of its original schedule.
The shift supports its programmatic membership offerings and is intended to provide a more consistent, premium and operationally efficient experience. Wheels Up will still honor all existing member commitments tied to retired Citation X and Hawker 400XP aircraft through a safety-vetted network of third-party operators, while maintaining broader charter solutions and benefits from its strategic relationship with Delta Air Lines.
Wheels Up Experience Inc. has completed a major step in its fleet modernization plan by retiring its legacy jet fleets from revenue service and moving to an all-Phenom 300 and Challenger 300 series on-fleet jet operation. The company reached this milestone about 18 months ahead of its original schedule.
The shift supports its programmatic membership offerings and is intended to provide a more consistent, premium and operationally efficient experience. Wheels Up will still honor all existing member commitments tied to retired Citation X and Hawker 400XP aircraft through a safety-vetted network of third-party operators, while maintaining broader charter solutions and benefits from its strategic relationship with Delta Air Lines.
Wheels Up Experience Inc. implemented a major capital structure change through a 1-for-20 reverse stock split of its Class A common stock, effective after trading on April 24, 2026. Each group of 20 existing shares was combined into 1 new share.
At the same time, the company reduced authorized common stock from 1.5 billion to 75 million shares and set total authorized capital stock at 100 million shares. Related LLC and charter documents were amended to align with the new share structure and to address fractional shares.
In connection with the reverse split, the company adjusted its public and private warrants so that each warrant is now exercisable for 1/200th of one share of common stock at an exercise price of $2,300.00 per whole share. These warrants are scheduled to expire on July 13, 2026 unless exercised or redeemed earlier.
Wheels Up Experience Inc. implemented a major capital structure change through a 1-for-20 reverse stock split of its Class A common stock, effective after trading on April 24, 2026. Each group of 20 existing shares was combined into 1 new share.
At the same time, the company reduced authorized common stock from 1.5 billion to 75 million shares and set total authorized capital stock at 100 million shares. Related LLC and charter documents were amended to align with the new share structure and to address fractional shares.
In connection with the reverse split, the company adjusted its public and private warrants so that each warrant is now exercisable for 1/200th of one share of common stock at an exercise price of $2,300.00 per whole share. These warrants are scheduled to expire on July 13, 2026 unless exercised or redeemed earlier.
Wheels Up Experience Inc. director Erik Storey Snell filed an initial statement of ownership on Form 3. The data shows him as a director, not an officer or ten percent owner, and reports no share purchases, sales, gifts, restructurings, or derivative positions in this filing.
Wheels Up Experience Inc. director Erik Storey Snell filed an initial statement of ownership on Form 3. The data shows him as a director, not an officer or ten percent owner, and reports no share purchases, sales, gifts, restructurings, or derivative positions in this filing.
Wheels Up Experience Inc. is soliciting proxies for its 2026 virtual annual meeting on June 9, 2026. Stockholders of record as of April 10, 2026 will vote on four items: electing four Class II directors, an advisory say-on-pay vote for 2025, ratifying Grant Thornton LLP as auditor for 2026, and approving an amendment to the Amended and Restated 2021 Long-Term Incentive Plan (A&R 2021 LTIP).
The LTIP amendment would increase shares authorized for issuance under the plan from 60,149,682 to 135,149,682 and extend the plan’s termination date to March 31, 2036. As of the record date, 724,574,010 common shares were outstanding and 591,214,182 were entitled to vote, with a quorum set at 295,607,092 shares. Certain investors are subject to voting limitations tied to U.S. citizenship rules, and a reverse stock split effective April 24, 2026 will not change vote counts for record holders.
Wheels Up Experience Inc. is soliciting proxies for its 2026 virtual annual meeting on June 9, 2026. Stockholders of record as of April 10, 2026 will vote on four items: electing four Class II directors, an advisory say-on-pay vote for 2025, ratifying Grant Thornton LLP as auditor for 2026, and approving an amendment to the Amended and Restated 2021 Long-Term Incentive Plan (A&R 2021 LTIP).
The LTIP amendment would increase shares authorized for issuance under the plan from 60,149,682 to 135,149,682 and extend the plan’s termination date to March 31, 2036. As of the record date, 724,574,010 common shares were outstanding and 591,214,182 were entitled to vote, with a quorum set at 295,607,092 shares. Certain investors are subject to voting limitations tied to U.S. citizenship rules, and a reverse stock split effective April 24, 2026 will not change vote counts for record holders.
Wheels Up Experience Inc. announced board changes involving retirements and new appointments. Timothy M. Armstrong will retire from the Board at the 2026 annual meeting and will not stand for reelection. Daniel C. Janki retired from the Board effective April 22, 2026.
To fill the vacancy created by Mr. Janki’s departure, the Board appointed Erik S. Snell, Executive Vice President and Chief Financial Officer of Delta Air Lines, Inc., as a Class I director, with a term running until the 2028 annual meeting. Snell, age 49, previously served on the Wheels Up Board as a Delta designee and earlier led Delta Private Jets before its acquisition by Wheels Up.
The Board also expects to nominate Roger N. Farah, an experienced executive and public company director, for election at the 2026 annual meeting to succeed Mr. Armstrong in the Class II director seat. The company emphasized there were no disagreements between the departing directors and Wheels Up and highlighted the continued strategic partnership with Delta.
Wheels Up Experience Inc. announced board changes involving retirements and new appointments. Timothy M. Armstrong will retire from the Board at the 2026 annual meeting and will not stand for reelection. Daniel C. Janki retired from the Board effective April 22, 2026.
To fill the vacancy created by Mr. Janki’s departure, the Board appointed Erik S. Snell, Executive Vice President and Chief Financial Officer of Delta Air Lines, Inc., as a Class I director, with a term running until the 2028 annual meeting. Snell, age 49, previously served on the Wheels Up Board as a Delta designee and earlier led Delta Private Jets before its acquisition by Wheels Up.
The Board also expects to nominate Roger N. Farah, an experienced executive and public company director, for election at the 2026 annual meeting to succeed Mr. Armstrong in the Class II director seat. The company emphasized there were no disagreements between the departing directors and Wheels Up and highlighted the continued strategic partnership with Delta.
Wheels Up Experience Inc. has approved a 1-for-20 reverse stock split of its Class A common stock, coupled with a corresponding reduction in authorized shares. The split is expected to become effective after trading closes on the NYSE on April 24, 2026, with split-adjusted trading beginning April 27, 2026.
Outstanding common shares are expected to decline from approximately 725 million to approximately 36 million, and authorized common shares will be reduced from 1.5 billion to 75 million. Warrants and equity awards will be adjusted to preserve their economic value, with each warrant becoming exercisable for 1/200th of a share at an exercise price of $2,300.00 per whole share. Fractional common shares will be settled in cash based on the NYSE closing price on April 24, 2026, as adjusted for the split.
Wheels Up Experience Inc. has approved a 1-for-20 reverse stock split of its Class A common stock, coupled with a corresponding reduction in authorized shares. The split is expected to become effective after trading closes on the NYSE on April 24, 2026, with split-adjusted trading beginning April 27, 2026.
Outstanding common shares are expected to decline from approximately 725 million to approximately 36 million, and authorized common shares will be reduced from 1.5 billion to 75 million. Warrants and equity awards will be adjusted to preserve their economic value, with each warrant becoming exercisable for 1/200th of a share at an exercise price of $2,300.00 per whole share. Fractional common shares will be settled in cash based on the NYSE closing price on April 24, 2026, as adjusted for the split.