Datta Sanjay 4
4 · Upstart Holdings, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Upstart (UPST) President Sanjay Datta Sells Shares
What Happened
Sanjay Datta, President (Capital & Enterprise) of Upstart Holdings, sold a total of 1,817 shares in open-market/private sales on May 15, 2026, generating aggregate proceeds of about $53,707. The reported dispositions were: 806 shares at a weighted-average price of $28.96 (proceeds $23,343) and 1,011 shares at a weighted-average price of $30.03 (proceeds $30,364). These sales were made to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs), so they are routine tax-withholding sales rather than an independent investment decision.
Key Details
- Transaction date: 2026-05-15; Form 4 filed: 2026-05-18.
- Reported sales: 806 shares @ $28.96 (weighted avg; actual prices ranged $28.43–$29.41) and 1,011 shares @ $30.03 (weighted avg; actual prices ranged $29.65–$30.55).
- Total proceeds: ~$53,707.
- Reason: Sales to cover tax withholding on RSU vesting (footnotes F1 and F3). Transaction codes: S (sale) and tax-withholding related (F).
- Shares owned after transaction: Not specified in the provided filing details.
- Filing notes: The weighted-average prices reflect multiple transactions; the reporting person will provide per-price breakdowns upon request (F2, F4).
Context
These were RSU-related withholding sales—common when restricted shares vest and taxes are due—so they typically do not signal a change in insider sentiment. For additional detail (exact per-trade prices and post-transaction holdings), consult the full Form 4 filing (Accession: 0001832808-26-000008).
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-05-15$28.96/sh−806$23,343→ 337,552 total - Sale
Common Stock
[F1][F4][F3]2026-05-15$30.03/sh−1,011$30,364→ 336,541 total
Footnotes (4)
- [F1]These shares were sold to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs).
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.43 to $29.41. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- [F3]Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.65 to $30.55. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.