Upstart (UPST) CEO Paul Gu Buys 50,000 Shares

What Happened

• Paul Gu, CEO of Upstart Holdings, purchased 50,000 shares of Upstart common stock in open-market transactions on September 10, 2026. The weighted-average price reported was $25.55 per share, for a total reported transaction value of $1,277,500. This was a purchase (acquisition) rather than a sale.

Key Details

• Transaction date: 2026-09-10; Transaction type: Open market purchase (Code P).
• Price: Weighted average $25.55/share; individual trade prices ranged from $25.505 to $25.585 (footnote F1).
• Total value: $1,277,500.
• Shares owned after transaction: Not specified in the information provided in this summary/filing.
• Filing timing: Reported on 2026-09-10 (same day as the transaction date listed).
• Notable footnotes:
  • F1: Weighted-average price; Reporting Person can provide per-trade counts/prices on request.
  • F2, F4, F5: Some reportable securities are held indirectly (JECCO, LLC; The Paul Xinquan Gu 2021 Gifting Trust; The Gu Qiao Family Trust) where Mr. Gu holds manager/trustee roles.
  • F3: Some reportable securities are restricted stock units (RSUs), which are contingent rights to receive shares subject to vesting.

Context

• This filing reports an outright open-market purchase (not an option exercise, gift, or award). Purchases by executives can be of interest to investors as a direct acquisition of company stock, but the filing itself does not explain motivation.
• Several holdings are held through entities and trusts and some referenced securities are RSUs (subject to vesting), per the footnotes.