Wheels Up Experience Inc.·4

Feb 27, 8:03 PM ET

Godsman David 4

4 · Wheels Up Experience Inc. · Filed Feb 27, 2026

Research Summary

AI-generated summary of this filing

Updated

Wheels Up (UP) CDO David Godsman Receives 721,154 RSUs

What Happened

  • David Godsman, Chief Digital Officer of Wheels Up Experience Inc. (UP), was granted 721,154 restricted stock units (RSUs) on Feb 25, 2026 (reported as an award at $0.00). Separately, on Feb 26, 2026, a total of 37,329 shares were disposed/withheld to cover tax liabilities (3,059 shares and 34,270 shares) at $0.66 per share, producing cash proceeds of about $2,019 and $22,618 respectively (combined ≈ $24,637). The RSU grant itself is an award (not a purchase) and vests over time per the plan.

Key Details

  • Transaction dates and prices: RSU grant on 2026-02-25 (A) at $0.00; tax-withholding disposals on 2026-02-26 (F) at $0.66 per share.
  • Shares withheld/disposed for taxes: 3,059 and 34,270 (total 37,329) — combined proceeds ≈ $24,637.
  • Shares owned after transaction: Not disclosed in this Form 4.
  • Footnotes: F1 — the 721,154 RSUs were granted under the A&R 2021 LTIP and vest 1/4 on Feb 25, 2027, with the remainder in 12 equal quarterly installments beginning May 25, 2027 (subject to continued service). F2 and F3 — the withheld shares reflect tax withholding related to prior RSU vestings originally reported on June 7, 2024 and March 14, 2025.
  • Filing timeliness: Form 4 was filed on 2026-02-27 and appears timely (covers transactions on Feb 25–26, 2026).

Context

  • The primary action is an equity award (RSUs), which are settled in shares upon vesting; this is not an open-market purchase or sale. The Feb 26 disposals are tax-withholding actions (common when RSUs vest), not necessarily a voluntary sell for liquidity. The RSU vesting schedule means these shares will be delivered over future dates if Godsman remains employed.

Insider Transaction Report

Form 4
Period: 2026-02-25
Godsman David
Chief Digital Officer
Transactions
  • Award

    Class A Common Stock, par value $0.0001 per share

    [F1]
    2026-02-25+721,1541,655,375 total
  • Tax Payment

    Class A Common Stock, par value $0.0001 per share

    [F2]
    2026-02-26$0.66/sh3,059$2,0191,652,316 total
  • Tax Payment

    Class A Common Stock, par value $0.0001 per share

    [F3]
    2026-02-26$0.66/sh34,270$22,6181,618,046 total
Footnotes (3)
  • [F1]Represents a grant of restricted stock units ("RSUs") under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, as amended and restated April 1, 2023 (as amended by Amendment No. 1 thereto, effective April 15, 2024, and Amendment No. 2 thereto, effective March 26, 2025, the "A&R 2021 LTIP"), pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934, as amended. The RSUs will be settled in shares of the Class A common stock, par value $0.0001 per share ("Common Stock"), of Wheels Up Experience Inc. (the "Issuer") upon vesting, if at all. The RSUs will vest as follows: (i) 1/4th of the RSUs will vest on February 25, 2027; and (ii) the remaining RSUs will vest in 12 equal quarterly installments commencing May 25, 2027, in each case subject to the Reporting Person's continued service to the Issuer.
  • [F2]Represents shares of Common Stock that were withheld for the payment of tax liability arising as a result of the vesting of RSUs granted under the A&R 2021 LTIP, which were originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on June 7, 2024.
  • [F3]Represents shares of Common Stock that were withheld for the payment of tax liability arising as a result of the vesting of RSUs granted under the A&R 2021 LTIP, which were originally reported by the Reporting Person in a Form 4/A filed with the SEC on March 14, 2025.
Signature
/s/ Mark Sorensen as attorney-in-fact for David Godsman|2026-02-27

Documents

1 file
  • 4
    tm267619-6_4seq1.xmlPrimary

    OWNERSHIP DOCUMENT