Upstart (UPST) Chief Legal Officer Scott Darling Sells 7,696 Shares

What Happened

• Scott Darling, Chief Legal Officer of Upstart Holdings, sold 7,696 shares in an open-market/private sale on August 20, 2026. The weighted-average sale price was $28.09, for total proceeds of approximately $216,216. The shares were sold to cover tax withholding obligations tied to the vesting of restricted stock units (RSUs).

Key Details

• Transaction date: 2026-08-20; filing date: 2026-08-21 (filed the next day).
• Sale details: 7,696 shares disposed; weighted-average price $28.09; trade prices ranged $27.975–$28.56.
• Reason: Shares sold to satisfy tax withholding on RSU vesting (footnote F1).
• Security type: Some securities were RSUs (each RSU converts to one share upon vesting) (F3).
• Holdings/Trust: The filing notes shares are held by the Darling Family Trust, and reports a deposit of 6,184 shares from the reporting person to that trust (F4, F5).
• Additional note: Reporting person can provide a breakdown of shares sold at each separate price upon request (F2).
• Filing timeliness: No late filing indicated (filed 8/21 for an 8/20 transaction).

Context

• This was a sale to cover tax withholding on vested RSUs, a routine administrative transaction (not an open-market sale necessarily indicating a change in sentiment). For retail investors, purchases generally carry more weight as a bullish signal; routine tax-withholding sales are common following awards vesting.