Eric Douglas Jacobs - May 18, 2022 Form 4 Insider Report for Wheels Up Experience Inc. (UP)

Role
Former Chief Financial Officer
Signature
/s/ Mark Sorensen as attorney-in-fact for Eric Douglas Jacobs
Stock symbol
UP
Transactions as of
May 18, 2022
Transactions value $
-$577,165
Form type
4
Date filed
5/20/2022, 09:05 PM
Previous filing
Feb 18, 2022
Next filing
Jun 6, 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 Tax liability -$404K -162K -13.14% $2.50 1.07M May 18, 2022 Direct F1
transaction UP Class A Common Stock, par value $0.0001 per share Tax liability -$173K -69.3K -8.7% $2.50 727K May 18, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Eric Douglas Jacobs is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares withheld for payment of tax liability arising as a result of the vesting of restricted stock originally reported by the reporting person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on July 15, 2021.
F2 Represents shares withheld for payment of tax liability arising as a result of the vesting of restricted stock units ("RSUs") originally reported by the reporting person in Form 4s filed with the SEC on September 21, 2021 and February 18, 2022.
F3 In connection with Mr. Jacobs' departure, he forfeited 272,490 RSUs.