Terry Hilliard C. III 4

What Happened Terry Hilliard C. III, a director of Upstart Holdings, was granted 6,476 restricted stock units (RSUs) on May 29, 2026. The grant was recorded at $0.00 per unit (grant value reported as $0 at issuance). This is an award/compensation grant (Code A on the Form 4), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-29; grant price: $0.00 per RSU; amount: 6,476 RSUs.
• Shares owned after the transaction: Not specified in the provided filing.
• Vesting: Per filing footnote, 100% of the RSUs vest on the earlier of May 29, 2027 or the day before the issuer’s 2027 annual meeting, subject to continued service.
• Filing: Form 4 filed 2026-06-02 reporting the 5/29/2026 grant — the filing appears timely under SEC rules.
• Transaction type: Award/Grant (A); no 10b5-1 plan, tax-withholding, or sale reported in this filing.

Context RSUs are a form of equity compensation that convert to shares if and when they vest; they do not require immediate cash payment and do not represent an immediate purchase or sale of stock. Such grants are common for directors and employees and reflect compensation arrangements rather than direct market-driven insider buying or selling.