Lauria Kristen 4

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.