Upstart Holdings, Inc. 8-K

What Happened Upstart Holdings, Inc. (NASDAQ: UPST) filed an 8-K on February 19, 2026, reporting that it repurchased $100.0 million of its common stock in open-market transactions. The company bought a total of 3,193,294 shares at an average price of $31.31 per share between February 12, 2026 and February 18, 2026 under a share repurchase program previously authorized by Upstart’s Board of Directors. A related press release was attached as an exhibit to the filing.

Key Details

• $100.0 million total repurchased
• 3,193,294 shares acquired
• Average price: $31.31 per share
• Transactions executed Feb 12–18, 2026 in open-market trades under a Board-authorized repurchase program

Why It Matters Share repurchases reduce the number of shares outstanding, which can increase earnings per share and affect per-share metrics investors use to evaluate performance. Repurchases also represent a use of corporate cash, which is an element of the company’s capital allocation strategy. This 8-K reports the executed repurchases but does not disclose changes to guidance, revenue, or other financial results.