Upstart Holdings, Inc. — Director's Dealing 2021

Oct 30, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Upstart Holdings, Inc. (UPST)
CIK: 0001647639
Period of Report: 2021-10-27

Reporting Person: Nicoll Alison (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-27	Common Stock	M	22500	$0.23	Acquired	36730	Direct
2021-10-27	Common Stock	S	594	$313.6885	Disposed	36136	Direct
2021-10-27	Common Stock	S	1047	$314.581	Disposed	35089	Direct
2021-10-27	Common Stock	S	1300	$315.6409	Disposed	33789	Direct
2021-10-27	Common Stock	S	1900	$316.5966	Disposed	31889	Direct
2021-10-27	Common Stock	S	1800	$317.6695	Disposed	30089	Direct
2021-10-27	Common Stock	S	2125	$318.6094	Disposed	27964	Direct
2021-10-27	Common Stock	S	2279	$319.7627	Disposed	25685	Direct
2021-10-27	Common Stock	S	3200	$320.9573	Disposed	22485	Direct
2021-10-27	Common Stock	S	1600	$322.1319	Disposed	20885	Direct
2021-10-27	Common Stock	S	1300	$323.1469	Disposed	19585	Direct
2021-10-27	Common Stock	S	1600	$324.253	Disposed	17985	Direct
2021-10-27	Common Stock	S	1300	$325.1262	Disposed	16685	Direct
2021-10-27	Common Stock	S	1002	$326.2474	Disposed	15683	Direct
2021-10-27	Common Stock	S	253	$327.7175	Disposed	15430	Direct
2021-10-27	Common Stock	S	100	$329.15	Disposed	15330	Direct
2021-10-27	Common Stock	S	600	$331.525	Disposed	14730	Direct
2021-10-27	Common Stock	S	200	$332.17	Disposed	14530	Direct
2021-10-27	Common Stock	S	100	$333	Disposed	14430	Direct
2021-10-27	Common Stock	S	200	$334.45	Disposed	14230	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-27	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 $313.00 to $313.99. 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 (18) 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 $314.00 to $314.99.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $315.10 to $316.03.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $316.13 to $317.01.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $317.19 to $318.16.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $318.19 to $319.17.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $319.32 to $320.22.

F10: 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 $321.38.

F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $321.58 to $322.56.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $322.76 to $323.75.

F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $323.76 to $324.70.

F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $324.80 to $325.70.

F15: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $325.97 to $326.60.

F16: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $327.18 to $327.86.

F17: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $331.00 to $331.79.

F18: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $332.00 to $332.34.

F19: All of the shares subject to this option are fully vested and exercisable as of the date hereof.