Briffa Mark 4

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.