Todd Lamar Smith - Jan 3, 2023 Form 4 Insider Report for Wheels Up Experience Inc. (UP)

Role: Chief Financial Officer
Signature: /s/ Mark Sorensen as attorney-in-fact for Todd Lamar Smith
Stock symbol: UP
Transactions as of: Jan 3, 2023
Transactions value $: -$283,897
Form type: 4
Date filed: 1/5/2023, 03:17 PM
Previous filing: Jul 6, 2022
Next filing: Jun 2, 2023

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	Sale	-$284K	-274K	-13.33%	$1.04	1.78M	Jan 3, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents shares sold by the Reporting Person to cover the payment of tax liability arising as a result of the vesting of restricted stock units originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on July 6, 2022. The sales reported on this Form 4 were effected pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) promulgated under the Securities Exchange Act of 1934, as amended, which was adopted by the Reporting Person on November 30, 2022.
F2	The price reported in this box in Column 4 is a weighted average price. The shares were sold in transactions at prices ranging from $1.01 to $1.06 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price.

Content

Represents shares sold by the Reporting Person to cover the payment of tax liability arising as a result of the vesting of restricted stock units originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on July 6, 2022. The sales reported on this Form 4 were effected pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) promulgated under the Securities Exchange Act of 1934, as amended, which was adopted by the Reporting Person on November 30, 2022.

The price reported in this box in Column 4 is a weighted average price. The shares were sold in transactions at prices ranging from $1.01 to $1.06 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price.