Chatkewitz Alexander 4

What Happened

• Alexander Chatkewitz, Chief Accounting Officer of Wheels Up Experience Inc. (UP), received a grant of 415,385 restricted stock units (RSUs) on 2026-02-25 (reported as an "A" — award). The RSUs are valued at $0.00 on grant (they are a promise to deliver shares upon vesting).
• On 2026-02-26, 25,048 shares were disposed/withheld (transaction code "F") at $0.66 per share to satisfy tax withholding obligations, totaling $16,532. This withholding relates to RSU vesting and is a tax payment, not an open-market sale.

Key Details

• Grant date / award: 2026-02-25 — 415,385 RSUs (no cash paid on grant).
• Tax withholding: 2026-02-26 — 25,048 shares withheld at $0.66 each; total $16,532.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — RSUs granted under the 2021 Long-Term Incentive Plan; settle into Class A common stock upon vesting. Vesting schedule: 1/4 on 2027-02-25, then remaining RSUs in 12 equal quarterly installments beginning 2027-05-25, subject to continued service. F2 — the withheld shares were used to satisfy tax liability from RSU vesting originally reported in a Form 4/A filed 2025-03-14.
• Filing timeliness: Report filed 2026-02-27 for transactions on 2026-02-25/02-26; appears timely.

Context

• RSU grants are compensation awards that convert into shares only when they vest; they are not the same as an open-market purchase and are a common form of employee compensation.
• The 25,048-share disposition was a tax-withholding action (code F), not a discretionary sale — it reduces issued shares outstanding delivered to the insider and covers tax obligations.
• For retail investors, awards signal company compensation practices and potential future share issuance upon vesting; they are less direct signals of the insider's personal market view than outright purchases or sales.