Wheels Up (UP) Chief Growth Officer Meaghan Wells Withholds 298 Shares

What Happened Meaghan Wells, Chief Growth Officer of Wheels Up Experience Inc. (UP), had 298 shares of Class A common stock withheld to satisfy tax withholding arising from the vesting of restricted stock units (RSUs). The shares were valued at $5.06 each for a total of approximately $1,508. This transaction is a tax-withholding disposition (transaction code F), not an open-market sale or new purchase.

Key Details

• Transaction date: 2026-08-26; Form 4 filed: 2026-08-28 (appears timely under Section 16 filing rules).
• Price per share: $5.06; shares withheld/disposed: 298; total value ≈ $1,508.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: Shares were withheld to cover tax liability from RSUs granted under the Wheels Up 2021 Long‑Term Incentive Plan (amended several times); the original RSU grant was reported by the reporting person on a Form 3 filed June 27, 2025.
• Transaction code: F = tax withholding (routine); this generally does not signal a change in insider conviction.

Context This was a routine tax-withholding event tied to RSU vesting (company retained shares to cover taxes). Unlike open-market purchases or voluntary sales, withheld shares reflect payroll/tax mechanics and should not be interpreted as a deliberate buy/sell decision by the insider.