CK Wheels LLC 4

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.