Wheels Up (UP) CAO Alexander Chatkewitz Withholds 188 Shares for Taxes

What Happened Alexander Chatkewitz, Chief Accounting Officer of Wheels Up Experience Inc. (UP), had 188 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 $4.36 each, totaling approximately $820, and the withholding is reported as a disposition (transaction code F).

Key Details

• Transaction date: 2026-09-05; Filing date: 2026-09-09 (filed 4 days after the transaction; appears to be later than the standard 2-business-day Form 4 deadline).
• Price: $4.36 per share; Total reported value: $820.
• Shares involved: 188 shares withheld (disposed) to cover tax liability.
• Shares owned after transaction: not specified in the provided report.
• Footnote: Shares withheld related to RSUs granted under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan (amended several times through March 31, 2026); the RSUs were originally reported in a Form 3 filed Sept 11, 2024.
• Transaction code meaning: F = tax withholding to satisfy tax liability on vested awards (not an open-market sale).

Context This was a routine tax-withholding event tied to RSU vesting (a cashless withholding), not an open-market sale or a new purchase, and is generally not viewed as a directional trading signal. The dollar amount is small (~$820), indicating a modest number of vested shares rather than a significant insider disposition.