Wells Meaghan Danielle 4

What Happened

• Meaghan Danielle Wells, Chief Growth Officer of Wheels Up Experience Inc. (UP), had 298 shares of Class A common stock withheld to satisfy tax liability arising from the vesting of restricted stock units (RSUs). The shares were valued at $8.66 each for a total of $2,581. This is a routine tax-withholding disposition (not a market sale intended as an investment signal).

Key Details

• Transaction date: 2026-05-26; Filing date (Form 4): 2026-05-28 (filed within the typical 2-business-day window).
• Disposition: 298 shares withheld (code F — payment of tax liability); price per share: $8.66; total value: $2,581.
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Footnotes:
  • F1: Withholding relates to RSUs granted under the Wheels Up 2021 Long‑Term Incentive Plan (amended), originally reported in a Form 3 on June 27, 2025.
  • F2: Share amounts reflect the issuer’s 1-for-20 reverse stock split effective April 24, 2026.
• Timeliness: Filing appears timely (reported two days after the transaction).

Context

• This transaction is a tax-withholding event tied to RSU vesting (a common cashless method where shares are withheld to cover required taxes). Such withholdings are administrative and do not necessarily indicate insider sentiment about the company’s stock.