Vinayak Hegde - Sep 17, 2021 Form 4 Insider Report for Wheels Up Experience Inc. (UP)

Role: Chief Marketplace Officer
Signature: /s/ Mark Sorensen as attorney-in-fact for Vinayak Hegde
Stock symbol: UP
Transactions as of: Sep 17, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/21/2021, 03:49 PM
Previous filing: Jul 22, 2021
Next filing: Jan 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UP	Class A Common Stock, par value $0.0001 per share	Award	$0	+259K		$0.00	259K	Sep 17, 2021	Direct	F1
transaction	UP	Class A Common Stock, par value $0.0001 per share	Award	$0	+460K	+177.94%	$0.00	719K	Sep 17, 2021	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in three equal installments on September 17, 2022, September 17, 2023 and September 17, 2024, subject to the Reporting Person's continued service to the Issuer.
F2	Represents a grant of RSUs, which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest as follows: 1/6th will vest on November 5, 2021, while the remaining RSUs will vest and become exercisable in 10 equal quarterly installments of 1/12th of the RSUs each, commencing on February 5, 2022, subject to the Reporting Person's continued service to the Issuer.

Content

Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in three equal installments on September 17, 2022, September 17, 2023 and September 17, 2024, subject to the Reporting Person's continued service to the Issuer.

Represents a grant of RSUs, which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest as follows: 1/6th will vest on November 5, 2021, while the remaining RSUs will vest and become exercisable in 10 equal quarterly installments of 1/12th of the RSUs each, commencing on February 5, 2022, subject to the Reporting Person's continued service to the Issuer.