Mirgorodskaya Natalia 4

What Happened

• Natalia Mirgorodskaya, Chief Accounting Officer and Controller at Upstart (UPST), sold 866 shares in an open-market transaction on February 25, 2026. The shares were sold at $28.79 each, generating proceeds of approximately $24,932.
• The Form 4 notes the sale was executed pursuant to a pre-established Rule 10b5-1 trading plan, indicating the trades were made under an automated plan rather than as ad hoc decisions.

Key Details

• Transaction date and price: 2026-02-25 — 866 shares sold at $28.79 per share (total ≈ $24,932).
• Transaction type: Sale (open-market or private sale), reported on Form 4 filed 2026-02-27 (timely filing within required window).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Notable footnotes: F1 — sale effected under a Rule 10b5-1 trading plan adopted May 30, 2025; F2 — filing indicates some securities listed on the form may be restricted stock units (RSUs) (RSUs convert to shares subject to vesting/conditions).
• Remarks: Reporting person’s role is Chief Accounting Officer and Controller.

Context

• Sales executed under 10b5-1 plans are pre-arranged and commonly used by insiders to avoid insider trading concerns; they do not necessarily signal the insider’s current view on the company’s prospects.
• This is a routine insider sale of modest size (≈ $25k) relative to institutional scales; retail investors should consider it as one data point among many when assessing insider activity.