Chatkewitz Alexander 4
4 · Wheels Up Experience Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Wheels Up (UP) CAO Alexander Chatkewitz Withholds 4,240 Shares
What Happened
Alexander Chatkewitz, Chief Accounting Officer of Wheels Up Experience Inc. (UP), had 4,240 shares of Class A common stock withheld on March 5, 2026 to satisfy tax withholding obligations arising from the vesting of restricted stock units (RSUs). The shares were valued at $0.56 each, resulting in $2,374 of shares withheld (transaction code F — tax withholding). This is a routine tax-related disposition rather than an open-market sale.
Key Details
- Transaction date and price: March 5, 2026; 4,240 shares @ $0.56 per share; total value ~$2,374.
- Transaction code: F (shares withheld to cover tax liability).
- Shares owned after the transaction: Not specified in the provided filing.
- Footnote: The withholding relates to RSUs issued under Wheels Up’s 2021 Long-Term Incentive Plan (amended and restated several times through March 26, 2025). The original grant was reported by the reporting person on Form 3 filed Sept 11, 2024.
- Filing timeliness: Report filed Mar 6, 2026 for a Mar 5, 2026 transaction — appears timely.
Context
Tax-withholding dispositions are common when RSUs vest: the company retains (or “surrenders”) a portion of the vested shares to cover required tax payments. These transactions are administrative and do not necessarily indicate the insider’s view on the company’s stock.
Insider Transaction Report
- Tax Payment
Class A Common Stock, par value $0.0001 per share
[F1]2026-03-05$0.56/sh−4,240$2,374→ 865,539 total
Footnotes (1)
- [F1]Represents shares of Class A common stock, par value $0.0001 per share, of Wheels Up Experience Inc. that were withheld for the payment of tax liability arising as a result of the vesting of restricted stock units 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 as further amended by Amendment No. 2 thereto, effective March 26, 2025), which were originally reported by the Reporting Person in a Form 3 filed with the United States Securities and Exchange Commission on September 11, 2024.