Lauria Kristen 4
4 · Wheels Up Experience Inc. · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
Wheels Up (UP) CMO Kristen Lauria Sells 529 Shares for Taxes
What Happened
Kristen Lauria, Chief Marketing Officer of Wheels Up Experience Inc. (UP), had 529 shares of Class A common stock withheld to satisfy tax liabilities arising from vested restricted stock units (RSUs). The transactions occurred on 2026-05-26: 146 shares at $8.66 ($1,264) and 383 shares at $8.66 ($3,317), for a combined value of $4,581. These are tax-withholding dispositions (code F), not open-market sales.
Key Details
- Transaction date: 2026-05-26; Form 4 filed: 2026-05-28 (Accession 0001104659-26-067728).
- Type: Tax withholding upon RSU vesting (transaction code F).
- Shares withheld/disposed: 146 @ $8.66 = $1,264; 383 @ $8.66 = $3,317; total 529 shares = $4,581.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1/F2 confirm these shares were withheld to pay tax liabilities from RSU vesting under the A&R 2021 LTIP; the RSUs were originally reported in prior Form 4 filings (June 7, 2024 and March 14, 2025).
- Timeliness: Filed two days after the transaction date (appears timely under Form 4 reporting rules).
Context
Withholding shares to cover taxes on vested RSUs is a routine administrative transaction (a cashless-like settlement) and is recorded as a disposition. It does not necessarily indicate the insider is selling shares for investment reasons. Purchases by insiders generally provide stronger signals about their view of the company; tax withholding events are common following awards vesting.
Insider Transaction Report
- Tax Payment
Class A Common Stock, par value $0.0001 per share
[F1]2026-05-26$8.66/sh−146$1,264→ 82,557 total - Tax Payment
Class A Common Stock, par value $0.0001 per share
[F2]2026-05-26$8.66/sh−383$3,317→ 82,174 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") that were 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 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.