CK Wheels LLC 4

What Happened
CK Wheels LLC (a 10% owner of Wheels Up Experience Inc., ticker UP) sold a total of 10,582 shares in three open-market transactions between June 15–17, 2026. The sales were: 1,252 shares at $8.52 ($10,667) on 2026-06-15; 4,021 shares at $8.15 ($32,771) on 2026-06-16; and 5,309 shares at $8.07 ($42,844) on 2026-06-17. These were outright dispositions (sales), which are typically routine for large holders and do not by themselves indicate company performance.

Key Details

• Transaction dates and prices:
  • 2026-06-15: Sold 1,252 sh @ $8.52 = $10,667
  • 2026-06-16: Sold 4,021 sh @ $8.15 = $32,771
  • 2026-06-17: Sold 5,309 sh @ $8.07 = $42,844
• Total: 10,582 shares sold for $86,282.
• Shares owned after transaction: Not specified in the provided filing.
• Filing date: 2026-06-17 (not indicated as late).
• Transaction code: S = Sale.
• Footnote (F1): The reported securities are directly held by CK Wheels LLC. CK Opportunities GP, LLC is the sole voting member of CK Wheels LLC. CK GP is indirectly owned 47.5% by affiliates of Certares Opportunities LLC and 47.5% by affiliates of Knighthead Opportunities Capital Management, LLC.

Context

• CK Wheels LLC is a 10% owner (an institutional/ownership entity), not an individual executive; institutional sales can be for portfolio or fund reasons rather than a statement about company prospects.
• No 10b5-1 trading plan, option exercises, gifts, or tax-withholding events are reported in the provided data.
• Retail investors should view these sales as information about insider/institutional activity but not conclusive evidence of company fundamentals.