Upstart Holdings, Inc. — Director's Dealing 2020

Dec 16, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Upstart Holdings, Inc. (UPST)
CIK: 0001647639
Period of Report: 2020-12-15

Reporting Person: Gu Paul (Director, SVP, Product and Data Science)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	200000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to buy)	$0.15	2022-05-11	Common Stock (210000)		Direct
Employee Stock Option (Right to buy)	$0.15	2022-08-21	Common Stock (120000)		Direct
Employee Stock Option (Right to buy)	$0.23	2023-05-23	Common Stock (300000)		Direct
Employee Stock Option (Right to buy)	$0.43	2024-06-19	Common Stock (270000)		Direct
Employee Stock Option (Right to buy)	$0.60	2025-01-14	Common Stock (200000)		Direct
Employee Stock Option (Right to buy)	$1.17	2025-12-18	Common Stock (160864)		Direct
Employee Stock Option (Right to buy)	$1.17	2025-12-18	Common Stock (89136)		Direct
Employee Stock Option (Right to buy)	$1.17	2026-06-24	Common Stock (64583)		Direct
Employee Stock Option (Right to buy)	$1.17	2026-06-24	Common Stock (235417)		Direct
Employee Stock Option (Right to buy)	$1.35	2027-01-09	Common Stock (150000)		Direct
Employee Stock Option (Right to buy)	$2.15	2027-12-18	Common Stock (200000)		Direct
Employee Stock Option (Right to buy)	$3.80	2029-03-29	Common Stock (150000)		Direct
Employee Stock Option (Right to buy)	$8.88	2030-01-31	Common Stock (200000)		Direct

Footnotes

F1: All of the shares subject to this option are fully vested and exercisable as of the date hereof.

F2: This option, originally for 250,000 shares, of which 100,000 shares have been exercised, vested as to one forty-eighth of the shares on February 1, 2017 and one forty-eighth of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.

F3: One forty-eighth of the shares subject to the option vested on February 1, 2018 and one forty-eighth of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.

F4: One-twelfth of the shares subject to the option vest on February 1, 2021 and each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.

F5: One-twelfth of the shares subject to the option vest on February 1, 2022 and each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.