Wheels Up (UP) Chief Accounting Officer Withholds 274 Shares for Taxes

What Happened Alexander Chatkewitz, Chief Accounting Officer of Wheels Up Experience Inc. (UP), had 274 shares of Class A common stock withheld to satisfy tax withholding obligations arising from the vesting of restricted stock units (RSUs). The shares were valued at $5.06 each, for a total disposition value of $1,386. This transaction is reported with code F (tax withholding) and is a routine disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-08-26; Reporting/filed date: 2026-08-28 (timely filing)
• Price per share: $5.06; Shares withheld/disposed: 274; Total value: $1,386
• Transaction code: F (shares withheld to pay tax liability)
• Footnote: Withheld shares relate to RSUs granted under the Wheels Up 2021 Long-Term Incentive Plan (amended various times through March 31, 2026). The RSU grant was originally reported by the insider in a Form 4/A on March 14, 2025.
• Shares owned after the transaction: not specified in this filing.

Context Tax-withholding dispositions (F) occur when a company retains a portion of vested equity to cover the holder’s tax obligation and do not represent a market sale by the insider; they are generally considered routine and not necessarily a signal about the insider’s view of the company. This was a cashless-type settlement tied to RSU vesting, not a directed open-market sale or purchase.