Darling Scott 4

What Happened

• Scott Darling, Chief Legal Officer of Upstart Holdings (UPST), sold 6,634 shares in an open-market/private sale on May 20, 2026. The weighted-average sale price was $28.78, resulting in gross proceeds of approximately $190,912. The sale was disclosed on a Form 4 filed May 22, 2026.

Key Details

• Transaction date: 2026-05-20; filing date: 2026-05-22 (timely filing).
• Shares sold: 6,634; weighted-average price: $28.78; total value ≈ $190,912.
• Price range: individual transactions between $28.24 and $29.07 (weighted avg reported).
• Reason for sale: sold to cover tax withholding obligations related to RSU vesting (tax-withholding sale).
• Securities involved: certain shares were RSUs that vested (each RSU converts to one share).
• Post-transaction holdings: reporting shows 7,247 shares held in the Darling Family Trust (reflecting a deposit of 7,247 shares from the reporting person).
• Reporting party: shares are held by the Darling Family Trust; the filer will provide details on per-price allocations upon request.

Context

• This was a tax-withholding sale of vested RSUs (routine liquidity to satisfy tax obligations), not a purchase signal. Such sales are common following RSU vesting and do not necessarily indicate the insider's view on the company.