FARAH ROGER N 4

What Happened

• Roger Farah, a director of Wheels Up Experience Inc. (ticker: UP), was granted 24,305 restricted stock units (RSUs) on June 9, 2026. The RSUs were recorded at $0.00 (a typical notation for equity awards) and will be settled in shares of Class A common stock upon vesting. This is an equity award (A = Award/Grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-09; Form 4 filed: 2026-06-10 (appears timely).
• Award amount: 24,305 RSUs; grant price shown as $0.00 (RSU grant, not a cash transaction).
• Vesting schedule: four equal quarterly installments on Sep 9, 2026; Dec 9, 2026; Mar 9, 2027; and the earlier of (a) Jun 9, 2027 or (b) the date of the next annual meeting of stockholders following Jun 9, 2027, subject to continued service.
• Plan/footnote: RSUs granted under the Wheels Up 2021 Long-Term Incentive Plan (as amended); granted pursuant to Rule 16b-3. The RSUs convert to shares upon vesting.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• RSU grants are a form of compensation for executives and directors and are settled in shares only after vesting and any applicable conditions are met; they are not the same as a purchase (which may indicate a direct bullish bet) or a sale.
• No 10b5-1 plan, tax-withholding sale, or immediate cashless exercise was reported in this filing.