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 a total of 529 shares of Class A common stock withheld to satisfy tax withholding arising from the vesting of restricted stock units (RSUs). The withholdings occurred on August 26, 2026: 146 shares and 383 shares, each at $5.06 per share, totaling approximately $2,677. These are tax-withholding dispositions (transaction code F), not open-market sales.

Key Details

• Transaction date: August 26, 2026; reported on Form 4 filed August 28, 2026 (appears timely).
• Price: $5.06 per share for both withholdings.
• Shares withheld/disposed: 146 shares ($739) and 383 shares ($1,938); total 529 shares (~$2,677).
• Shares owned after the transaction: Not specified in this filing.
• Footnotes: F1/F2 indicate these shares were withheld to cover tax liability from RSU vesting under the A&R 2021 Long-Term Incentive Plan; the RSUs were originally reported in prior Form 4 filings (June 7, 2024 and Form 4/A March 14, 2025).
• Transaction type: Code F — tax withholding (routine disposition to satisfy tax obligations upon RSU vesting).

Context
Tax-withholding dispositions are routine when RSUs vest and do not necessarily indicate an insider view on the company’s stock. This was a cashless-like transaction where shares were surrendered/withheld for taxes rather than sold on the open market. The dollar value is small (~$2.7K), so this filing is primarily an administrative item tied to compensation vesting rather than a material insider trade.