Upstart Holdings, Inc. — Director's Dealing 2021

Dec 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Upstart Holdings, Inc. (UPST)
CIK: 0001647639
Period of Report: 2021-12-01

Reporting Person: Nicoll Alison (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-01	Common Stock	M	7500	$0.23	Acquired	21730	Direct
2021-12-01	Common Stock	S	173	$177.25	Disposed	21557	Direct
2021-12-01	Common Stock	S	254	$179.6162	Disposed	21303	Direct
2021-12-01	Common Stock	S	400	$180.9907	Disposed	20903	Direct
2021-12-01	Common Stock	S	207	$182.35	Disposed	20696	Direct
2021-12-01	Common Stock	S	392	$185.1935	Disposed	20304	Direct
2021-12-01	Common Stock	S	339	$186.3683	Disposed	19965	Direct
2021-12-01	Common Stock	S	372	$187.45	Disposed	19593	Direct
2021-12-01	Common Stock	S	233	$188.7606	Disposed	19360	Direct
2021-12-01	Common Stock	S	187	$190.46	Disposed	19173	Direct
2021-12-01	Common Stock	S	378	$192.5274	Disposed	18795	Direct
2021-12-01	Common Stock	S	171	$193.47	Disposed	18624	Direct
2021-12-01	Common Stock	S	170	$194.75	Disposed	18454	Direct
2021-12-01	Common Stock	S	575	$196.5096	Disposed	17879	Direct
2021-12-01	Common Stock	S	782	$198.2989	Disposed	17097	Direct
2021-12-01	Common Stock	S	751	$199.4114	Disposed	16346	Direct
2021-12-01	Common Stock	S	927	$201.114	Disposed	15419	Direct
2021-12-01	Common Stock	S	734	$202.182	Disposed	14685	Direct
2021-12-01	Common Stock	S	205	$204.32	Disposed	14480	Direct
2021-12-01	Common Stock	S	250	$206.15	Disposed	14230	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-01	Employee Stock Option (Right to buy)	$0.23	M	7500	Disposed	2023-05-23	Common Stock (7500.0)	Direct

Footnotes

F1: The option exercise and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 25, 2021.

F2: Certain of these securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock, subject to the applicable vesting schedule and conditions of each RSU.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $179.53 to $179.70. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3) through (14) to this Form 4.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $180.85 to $181.14.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $184.91 to $185.48.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $185.92 to $186.83.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $188.63 to $189.41.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $192.04 to $192.93.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.30 to $196.80.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.84 to $198.60.

F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.93 to $199.63.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.83 to $201.62.

F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.89 to $202.55.

F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $206.09 to $206.29.

F15: All of the shares subject to this option are fully vested and exercisable as of the date hereof.