Wennes Timothy H 4

What Happened Timothy H. Wennes, a director of Upstart Holdings, Inc. (UPST), was granted 6,476 restricted stock units (RSUs) on May 29, 2026. The grant is recorded at $0.00 per unit (no cash exchanged at grant). The RSUs represent a contingent right to receive one share of Upstart common stock per RSU upon vesting.

Key Details

• Transaction type/date: Award/Acquisition (RSU grant) on 2026-05-29; Form 4 filed 2026-06-02.
• Price: $0.00 per RSU (typical for compensation grants).
• Shares granted: 6,476 RSUs.
• Shares owned after transaction: Not disclosed in the filing.
• Vesting: Footnote indicates 100% of the RSUs vest on May 28, 2027, contingent on continued service through that date.
• Filing timeliness: Filed on June 2, 2026 — appears to be within the standard two-business-day Form 4 filing window for a May 29 transaction.

Context RSU awards are common forms of executive and director compensation and do not represent an open-market purchase or sale. These units convert to actual shares only if and when they vest (here, a single vesting date a year after grant), so they do not immediately change the insider’s share ownership until vesting/delivery.