CK Wheels LLC trims Wheels Up (NYSE: UP) stake with June 2026 share sales

(Moderate)

(Negative)

Form Type

Rhea-AI Filing Summary

CK Wheels LLC, a ten percent owner of Wheels Up Experience Inc., reported open-market sales of common stock. On June 18, 2026, it sold 27,524 shares at an average price of $8.05 per share. On June 23, 2026, it sold 100 shares at $7.00 per share. After these transactions, CK Wheels LLC holds 12,870,254 shares of Wheels Up common stock.

Insider Trade Summary

Net Seller: 27,624 shares

Net Sell 2 txns

Insider CK Wheels LLC

Role 10% Owner

Sold 27,624 shs ($222K)

Type	Security	Shares	Price	Value
Sale	Common Stock	100	$7.00	$700.00
Sale	Common Stock	27,524	$8.05	$222K

Holdings After Transaction: Common Stock — 12,870,254 shares (Direct)

Footnotes (1)

F1. The reported securities are directly held by CK Wheels LLC, for which CK Opportunities GP, LLC ("CK GP") is the sole voting member. CK GP is indirectly owned 47.5% by affiliates of Certares Opportunities LLC and 47.5% by affiliates of Knighthead Opportunities Capital Management, LLC.

Key Figures

Shares sold June 18, 2026: 27,524 shares at $8.05 Shares sold June 23, 2026: 100 shares at $7.00 Total shares sold: 27,624 shares +1 more

4 metrics

Shares sold June 18, 2026 27,524 shares at $8.05 Open-market sale of common stock

Shares sold June 23, 2026 100 shares at $7.00 Open-market sale of common stock

Total shares sold 27,624 shares Net shares sold across reported transactions

Shares held after transactions 12,870,254 shares Direct ownership by CK Wheels LLC after June 2026 sales

Key Terms

open-market sale, ten percent owner, Common Stock, voting member

4 terms

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

ten percent owner financial

"is_ten_percent_owner: 1"

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

voting member financial

"CK Opportunities GP, LLC is the sole voting member"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/23/2026 - 05:01 PM Accepted by SEC EDGAR 06/23/2026 - 05:01 PM

FAQ

What insider transactions did CK Wheels LLC report for Wheels Up (UP)?

CK Wheels LLC reported two open-market sales of Wheels Up common stock. It sold 27,524 shares at $8.05 on June 18, 2026, and 100 shares at $7.00 on June 23, 2026, as disclosed in the Form 4 filing.

How many Wheels Up (UP) shares did CK Wheels LLC sell in total?

The entity sold a total of 27,624 Wheels Up common shares. This includes 27,524 shares sold at $8.05 on June 18, 2026, and 100 shares sold at $7.00 on June 23, 2026, according to the transaction summary.

What is CK Wheels LLC’s remaining Wheels Up (UP) ownership after these sales?

After the reported transactions, CK Wheels LLC holds 12,870,254 shares of Wheels Up common stock. This post-transaction balance is shown in the Form 4 and reflects its direct ownership position following the June 2026 sales.

At what prices did CK Wheels LLC sell Wheels Up (UP) shares?

The shares were sold at average prices of $8.05 and $7.00 per share. On June 18, 2026, 27,524 shares were sold at $8.05, and on June 23, 2026, 100 shares were sold at $7.00 in open-market transactions.

Who controls CK Wheels LLC, the seller of Wheels Up (UP) shares?

CK Wheels LLC’s voting member is CK Opportunities GP, LLC. CK Opportunities GP is indirectly owned 47.5% by affiliates of Certares Opportunities LLC and 47.5% by affiliates of Knighthead Opportunities Capital Management, LLC, according to the footnote disclosure.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CK Wheels LLC

(Last)

(First)

(Middle)

KNIGHTHEAD OPPORTUNITIES CAPITAL MGMT

320 PARK AVENUE, FLOOR 28

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Wheels Up Experience Inc. [ UP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/18/2026		S		27,524	D	$8.05	12,870,354	D⁽¹⁾
Common Stock	06/23/2026		S		100	D	$7	12,870,254	D⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reported securities are directly held by CK Wheels LLC, for which CK Opportunities GP, LLC ("CK GP") is the sole voting member. CK GP is indirectly owned 47.5% by affiliates of Certares Opportunities LLC and 47.5% by affiliates of Knighthead Opportunities Capital Management, LLC.

	CK WHEELS LLC, By: /s/ Thomas LaMacchia, Authorized Signatory, By: /s/ Laura L. Torrado, Authorized Signatory	06/23/2026
	CK OPPORTUNITIES GP, LLC, By: /s/ Thomas LaMacchia, Authorized Signatory, By: /s/ Laura L. Torrado, Authorized Signatory	06/23/2026
	CERTARES OPPORTUNITIES LLC, By: CERTARES MANAGEMENT LLC, its Sole Member, By: /s/ Thomas La Macchia, Authorized Signatory	06/23/2026
	KNIGHTHEAD OPPORTUNITIES CAPITAL MANAGEMENT, LLC, By: /s/ Laura L. Torrado, General Counsel	06/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR