Upstart (UPST) Chief Legal Officer Scott Darling Sells 814 Shares

What Happened
Scott Darling, Chief Legal Officer of Upstart (UPST), disposed of 814 shares in open-market transactions on August 17, 2026. The reported weighted-average sale price was $29.36 (range $29.19–$29.53), generating approximately $23,898 in proceeds. The filing notes the sales were to cover tax withholding obligations related to vested restricted stock units (RSUs), so this is a routine tax-withholding sale rather than a directional investment purchase.

Key Details

• Transaction date: 2026-08-17 (filed on 2026-08-19).
• Transaction type/code: Sale (S) — open market/private sale to satisfy tax withholding (footnote F1).
• Shares sold: 814; weighted-average price: $29.36; price range: $29.19–$29.53 (footnote F2).
• Reported proceeds: ~$23,898.
• RSU details: Certain securities are RSUs (each RSU converts to one share upon vesting) — footnote F3.
• Holding/transfer notes: Shares are held by the Darling Family Trust (F4); the filing reflects a deposit of 728 shares from the Reporting Person to the Trust (F5).
• Filing timeliness: Transaction on Aug 17 was reported on Form 4 filed Aug 19, 2026 (within the typical 2-business-day reporting window).

Context
Because the sale was performed to satisfy tax withholding for vested RSUs, it is generally considered a routine administrative transaction and not necessarily a signal about the insider’s view of the company. The filing discloses the price range and that multiple trades occurred; it does not indicate a separate purchase or exercise of options in this transaction.