Briffa Mark 4
4 · Wheels Up Experience Inc. · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
Wheels Up (UP) Chief Sales Officer Mark Briffa Withholds Shares for Taxes
What Happened Mark Briffa, Chief Sales Officer of Wheels Up Experience Inc. (UP), had 903 shares of Class A common stock withheld to satisfy tax liabilities from the vesting of restricted stock units (RSUs). The filing shows two withholding transactions on May 26, 2026: 257 shares at $8.66/share ($2,226) and 646 shares at $8.66/share ($5,594), for a combined value of $7,820. These shares were "disposed" solely to cover withholding obligations, not sold on the open market.
Key Details
- Transaction date: May 26, 2026; Filing date: May 28, 2026 (timely Form 4 filed within required window).
- Price per share reported: $8.66 for both withholdings.
- Shares withheld/removed: 257 shares ($2,226) and 646 shares ($5,594); total 903 shares ($7,820).
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnotes: F1 and F2 state these withholdings were to pay tax liabilities from RSUs granted under the A&R 2021 Long-Term Incentive Plan; original RSU grants were reported in prior Form 4 filings (June 7, 2024; amended March 14, 2025).
- Transaction code: F = tax withholding (routine cashless withholding on vested RSUs).
Context This is a routine tax-withholding event tied to RSU vesting (a common administrative transaction). It is not an open-market sale or purchase and should not be interpreted as a directional bet by the insider. For investors, purchases are typically more informative than tax-related withholdings; this filing documents only the withholding action, not broader trading intent.
Insider Transaction Report
- Tax Payment
Class A Common Stock, par value $0.0001 per share
[F1]2026-05-26$8.66/sh−257$2,226→ 81,746 total - Tax Payment
Class A Common Stock, par value $0.0001 per share
[F2]2026-05-26$8.66/sh−646$5,594→ 81,100 total
Footnotes (2)
- [F1]Represents shares of Class A common stock, par value $0.0001 per share ("Common Stock"), of Wheels Up Experience Inc. (the "Issuer") withheld for the payment of tax liability arising as a result of the vesting of restricted stock units ("RSUs") granted 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"), 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.
- [F2]Represents shares of Common Stock of the Issuer 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.