Dichter Kenneth H 4
4 · Wheels Up Experience Inc. · Filed May 18, 2023
Insider Transaction Report
Form 4
Dichter Kenneth H
Chief Executive Officer
Transactions
- Disposition to Issuer
Class A Common Stock, par value $0.0001 per share
2023-05-16−533,334→ 11,588,598 total - Disposition to Issuer
Restricted Stock Units
2023-05-16−1,615,000→ 0 totalExp: 2026-12-31→ Class A Common Stock, par value $0.0001 per share (1,615,000 underlying)
Footnotes (2)
- [F1]Represents the Restricted Stock Units ("RSUs") originally granted on June 8, 2022 that were forfeited by the Reporting Person effective May 16, 2023 pursuant to the terms of that certain Release and Waiver, dated as of May 9, 2023, by and among the Reporting Person, Wheels Up Experience Inc., Wheels Up Partners Holdings LLC, Wheels Up Partners LLC and Wheels Up MIP LLC (solely with respect to Section 2(b) thereof).
- [F2]Each RSU represented a contingent right to receive one share of Class A common stock, par value $0.0001 per share ("Common Stock"). The RSUs forfeited were subject to vesting upon the Common Stock achieving certain milestones based on a specified price per share.