Upstart (UPST) CFO Andrea Blankmeyer Sells Shares

What Happened Andrea Blankmeyer, Chief Financial Officer of Upstart Holdings, sold a total of 10,175 shares in two open‑market transactions: 7,175 shares on 2026-08-17 at $29.36 ($210,646) and 3,000 shares on 2026-08-19 at a weighted average price of $29.33 ($87,990). Total proceeds were roughly $298,636. These were sales (not purchases) and are described in the filing as routine transactions related to RSU vesting and tax withholding.

Key Details

• Transaction dates and prices: 8/17/2026 — 7,175 shares @ $29.36; 8/19/2026 — 3,000 shares @ $29.33 (weighted avg). Reported price range for the sales: $29.19–$29.54.
• Total shares sold: 10,175; total proceeds ≈ $298,636.
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes of note:
  • Sales were to cover tax withholding on vested RSUs (tax‑withholding sale).
  • Some securities were RSUs (each RSU converts to one share upon vesting).
  • The 8/19 sale was executed under a Rule 10b5‑1 trading plan adopted May 16, 2026.
• Filing timeliness: Report filed 2026-08-19 for transactions on 8/17 and 8/19 — within standard Form 4 timing (not reported as late).

Context RSU withholding sales and trades under pre‑arranged 10b5‑1 plans are common ways executives cover tax obligations on vesting awards; such sales do not necessarily signal a change in sentiment about the company. These transactions are disposals (sales), not purchases or option exercises.