Upstart Holdings, Inc. — Director's Dealing 2021

Nov 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Upstart Holdings, Inc. (UPST)
CIK: 0001647639
Period of Report: 2021-11-03

Reporting Person: Nicoll Alison (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-03	Common Stock	M	22500	$0.23	Acquired	36730	Direct
2021-11-03	Common Stock	S	200	$320.70	Disposed	36530	Direct
2021-11-03	Common Stock	S	991	$322.0021	Disposed	35539	Direct
2021-11-03	Common Stock	S	1219	$323.0709	Disposed	34320	Direct
2021-11-03	Common Stock	S	1703	$323.811	Disposed	32617	Direct
2021-11-03	Common Stock	S	1600	$325.0846	Disposed	31017	Direct
2021-11-03	Common Stock	S	2492	$326.0878	Disposed	28525	Direct
2021-11-03	Common Stock	S	1100	$327.3027	Disposed	27425	Direct
2021-11-03	Common Stock	S	2300	$328.3852	Disposed	25125	Direct
2021-11-03	Common Stock	S	3695	$329.39	Disposed	21430	Direct
2021-11-03	Common Stock	S	1600	$330.2717	Disposed	19830	Direct
2021-11-03	Common Stock	S	800	$331.2238	Disposed	19030	Direct
2021-11-03	Common Stock	S	800	$332.4313	Disposed	18230	Direct
2021-11-03	Common Stock	S	800	$333.6488	Disposed	17430	Direct
2021-11-03	Common Stock	S	300	$334.4333	Disposed	17130	Direct
2021-11-03	Common Stock	S	615	$335.9848	Disposed	16515	Direct
2021-11-03	Common Stock	S	485	$337.0109	Disposed	16030	Direct
2021-11-03	Common Stock	S	897	$338.1753	Disposed	15133	Direct
2021-11-03	Common Stock	S	403	$339.3454	Disposed	14730	Direct
2021-11-03	Common Stock	S	300	$339.9033	Disposed	14430	Direct
2021-11-03	Common Stock	S	200	$341.925	Disposed	14230	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-03	Employee Stock Option (Right to buy)	$0.23	M	22500	Disposed	2023-03-18	Common Stock (22500.0)	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 $320.50 to $320.90. 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 (21) 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 $321.50 to $322.49.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $322.50 to $323.48.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $323.555 to $324.53.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $324.56 to $325.49.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $325.68 to $326.64.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $326.76 to $327.68.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $327.87 to $328.83.

F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $328.88 to $329.85.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $329.90 to $330.85.

F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $330.91 to $331.58.

F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $332.07 to $332.80.

F15: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $331.11 to $334.08.

F16: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $334.40 to $334.48.

F17: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $335.45 to $336.41.

F18: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $336.51 to $337.40.

F19: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $337.71 to $338.60.

F20: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $338.73 to $339.64.

F21: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $339.90 to $339.91.

F22: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $341.85 to $342.00.

F23: All of the shares subject to this option are fully vested and exercisable as of the date hereof.