CK Wheels LLC 4
4 · Wheels Up Experience Inc. · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Wheels Up (UP) 10% Owner CK Wheels LLC Sells 27,624 Shares
What Happened
CK Wheels LLC (reported as a 10% owner) sold a total of 27,624 Wheels Up Experience Inc. (UP) shares via open-market/private sales: 27,524 shares on 2026-06-18 at $8.05 each for $221,568, and 100 shares on 2026-06-23 at $7.00 each for $700 — total proceeds about $222,268. These were outright sales (code S), which are typically routine liquidity transactions rather than a bullish signal.
Key Details
- Transaction dates and prices: 2026-06-18 — 27,524 shares @ $8.05; 2026-06-23 — 100 shares @ $7.00. Filing date (Form 4): 2026-06-23.
- Total shares sold: 27,624; total proceeds: ~$222,268.
- Shares owned after transaction: Not specified in the filing.
- Footnote: The 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.
- Transaction type: Sale by a 10% owner (institutional/affiliate), not an individual executive.
Context
This filing documents institutional/affiliate sales by a significant holder rather than an officer/director trade. Such sales often reflect portfolio or liquidity management and do not necessarily indicate management’s view of company prospects.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-06-18$8.05/sh−27,524$221,568→ 12,870,354 total - Sale
Common Stock
[F1]2026-06-23$7.00/sh−100$700→ 12,870,254 total
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.