Bernard Peter J 4

What Happened

• Peter J. Bernard, a director of Upstart Holdings, received a grant of 6,476 restricted stock units (RSUs) on May 29, 2026. The Form 4 reports an acquisition price of $0.00 for the award (code A), so no cash was paid by the insider at grant.

Key Details

• Transaction date: 2026-05-29; Form filed: 2026-06-02.
• Amount: 6,476 RSUs; reported acquisition price: $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnote: Each RSU represents a contingent right to one share. 100% vests on the earlier of May 29, 2027 or the day before Upstart’s 2027 annual meeting, subject to continued service.
• Timeliness: The Form 4 was filed four days after the grant date; Form 4s are normally due within two business days, so this filing appears later than typical.

Context

• RSU grants to directors are commonly part of compensation and do not represent an open‑market purchase or sale. The RSUs convert into shares only if and when they vest and meet service conditions, so they don’t necessarily indicate the insider’s immediate trading intent or market view.