Blankmeyer Andrea 4

What Happened
Andrea Blankmeyer, Chief Financial Officer of Upstart Holdings (UPST), sold a total of 7,044 shares on May 15, 2026 in three open-market/private-sale transactions. The disposals were: 2,759 shares (weighted avg $28.96) for $79,901; 4,184 shares (weighted avg $30.05) for $125,717; and 101 shares at ~$30.54 for $3,085. Total proceeds across the three transactions were approximately $208,703. These sales were reported on Form 4 filed May 18, 2026.

Key Details

• Transaction date: May 15, 2026 (filed May 18, 2026) — filing appears timely.
• Transaction type: Sales (code S) — open market or private sale.
• Total shares sold: 7,044; total proceeds: ~$208,703.
• Price details / ranges (weighted averages reported):
  • 2,759 shares: weighted avg $28.96; underlying trade prices ranged $28.435–$29.43.
  • 4,184 shares: weighted avg $30.05; underlying trade prices ranged $29.48–$30.45.
  • 101 shares: weighted avg ~$30.54; underlying trade prices ranged $30.54–$30.55.
  • The filer notes willingness to provide per-price details on request (standard Form 4 disclosure).
• Reason given: shares were sold to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share. (Tax-withholding sales are routine.)
• Shares owned after transaction: Not disclosed in the provided filing excerpt.

Context

• These were tax-withholding sales tied to RSU vesting (routine administrative sales) rather than open-market purchases — such transactions generally reflect vesting tax obligations, not necessarily a buy/sell signal about company prospects.
• For retail investors, purchases by insiders often carry more informational weight than routine withholding sales; this filing documents compensation-related disposals.