Wheels Up (UP) 10% Owner CK Wheels LLC Sells 9,363 Shares

What Happened
CK Wheels LLC, reported as a 10% owner of Wheels Up Experience Inc. (UP), sold 9,363 shares on August 31, 2026. The shares were disposed at $4.61 per share for a total of $43,163. The Form 4 lists the transaction as an open-market or private sale (code S), i.e., a sale rather than a purchase.

Key Details

• Transaction date: 2026-08-31; Filing date: 2026-09-01.
• Price and amount: 9,363 shares at $4.61 each, total proceeds $43,163.
• Transaction type: S = sale (open market or private sale).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote: CK Wheels LLC securities are directly held by CK Wheels LLC; CK Opportunities GP, LLC 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.
• No 10b5-1 plan, tax withholding, or late-filing indication is noted in the supplied details.

Context
This filing reflects an institutional/10% owner sale, not an individual executive trade. Such sales can be routine portfolio management by the owner entity and do not, by themselves, indicate management insider sentiment.