Upstart (UPST) Chief Legal Officer Scott Darling Sells 814 Shares
$UPST · Upstart Holdings, Inc.Research Summary
AI-generated summary of this SEC filing
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.