Upstart Holdings, Inc. — Director's Dealing 2021

Nov 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Upstart Holdings, Inc. (UPST)
CIK: 0001647639
Period of Report: 2021-11-11

Reporting Person: Terry Hilliard C. III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-11	Common Stock	M	60000	$3.80	Acquired	61491	Direct
2021-11-11	Common Stock	S	300	$245.8033	Disposed	61191	Direct
2021-11-11	Common Stock	S	3482	$247.4058	Disposed	57709	Direct
2021-11-11	Common Stock	S	15484	$248.3659	Disposed	42225	Direct
2021-11-11	Common Stock	S	15300	$249.2103	Disposed	26925	Direct
2021-11-11	Common Stock	S	6863	$250.197	Disposed	20062	Direct
2021-11-11	Common Stock	S	4605	$251.2732	Disposed	15457	Direct
2021-11-11	Common Stock	S	4148	$252.3626	Disposed	11309	Direct
2021-11-11	Common Stock	S	1600	$253.2091	Disposed	9709	Direct
2021-11-11	Common Stock	S	700	$254.7713	Disposed	9009	Direct
2021-11-11	Common Stock	S	300	$255.8133	Disposed	8709	Direct
2021-11-11	Common Stock	S	1000	$257.614	Disposed	7709	Direct
2021-11-11	Common Stock	S	200	$258.78	Disposed	7509	Direct
2021-11-11	Common Stock	S	800	$260.4848	Disposed	6709	Direct
2021-11-11	Common Stock	S	800	$261.1983	Disposed	5909	Direct
2021-11-11	Common Stock	S	500	$262.3497	Disposed	5409	Direct
2021-11-11	Common Stock	S	1867	$263.7636	Disposed	3542	Direct
2021-11-11	Common Stock	S	950	$264.7642	Disposed	2592	Direct
2021-11-11	Common Stock	S	1101	$265.4602	Disposed	1491	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-11	Stock Option (Right to buy)	$3.8	M	60000	Disposed	2029-03-29	Common Stock (60000.0)	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 August 27, 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 $245.72 to $245.97. 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 (20) 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 $246.79 to $247.735.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $247.79 to $248.78.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $248.79 to $249.785.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $249.795 to $250.79.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $250.80 to $251.775.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $251.92 to $252.91.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $252.92 to $253.72.

F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $254.50 to $255.05.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $255.64 to $255.90.

F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $257.10 to $258.05.

F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $258.56 to $259.00.

F15: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $260.00 to $260.98.

F16: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $261.00 to $261.76.

F17: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $262.11 to $262.56.

F18: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $263.24 to $264.19.

F19: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $264.24 to $265.00.

F20: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $265.25 to $265.70.

F21: All of the shares subject to this option are fully vested and exercisable as of the date hereof.