Upstart Holdings, Inc. — Director's Dealing 2021

Oct 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Upstart Holdings, Inc. (UPST)
CIK: 0001647639
Period of Report: 2021-10-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-15	Common Stock	M	106876	$0.23	Acquired	384288	Direct
2021-10-15	Common Stock	M	48124	$0.43	Acquired	432412	Direct
2021-10-15	Common Stock	S	1300	$381.8974	Disposed	431112	Direct
2021-10-15	Common Stock	S	3100	$382.8632	Disposed	428012	Direct
2021-10-15	Common Stock	S	2200	$383.83	Disposed	425812	Direct
2021-10-15	Common Stock	S	3200	$384.9597	Disposed	422612	Direct
2021-10-15	Common Stock	S	12184	$386.0992	Disposed	410428	Direct
2021-10-15	Common Stock	S	14553	$386.9675	Disposed	395875	Direct
2021-10-15	Common Stock	S	17461	$388.0407	Disposed	378414	Direct
2021-10-15	Common Stock	S	18462	$388.9337	Disposed	359952	Direct
2021-10-15	Common Stock	S	11511	$389.9255	Disposed	348441	Direct
2021-10-15	Common Stock	S	5500	$390.9017	Disposed	342941	Direct
2021-10-15	Common Stock	S	10400	$392.0742	Disposed	332541	Direct
2021-10-15	Common Stock	S	12200	$392.9295	Disposed	320341	Direct
2021-10-15	Common Stock	S	10029	$394.023	Disposed	310312	Direct
2021-10-15	Common Stock	S	9400	$394.9513	Disposed	300912	Direct
2021-10-15	Common Stock	S	6900	$395.9933	Disposed	294012	Direct
2021-10-15	Common Stock	S	7200	$397.0315	Disposed	286812	Direct
2021-10-15	Common Stock	S	6200	$398.0956	Disposed	280612	Direct
2021-10-15	Common Stock	S	1900	$399.0611	Disposed	278712	Direct
2021-10-15	Common Stock	S	1000	$399.864	Disposed	277712	Direct
2021-10-15	Common Stock	S	300	$401.1567	Disposed	277412	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-15	Employee Stock Option (Right to buy)	$0.23	M	106876	Disposed	2023-05-23	Common Stock (106876)	Direct
2021-10-15	Employee Stock Option (Right to buy)	$0.43	M	48124	Disposed	2024-06-19	Common Stock (48124)	Direct

Footnotes

F1: The option exercises and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 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 $381.32 to $382.30. 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 (22) 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 $382.37 to $383.33.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $383.45 to $384.23.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $384.50 to $385.415.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $385.50 to $386.49.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $386.50 to $387.48.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $387.50 to $388.49.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $388.50 to $389.49.

F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $389.50 to $390.49.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $390.50 to $391.49.

F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $391.50 to $392.49.

F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $392.50 to $393.49.

F15: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $393.50 to $394.49.

F16: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $394.50 to $395.49.

F17: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $395.51 to $396.50.

F18: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $396.54 to $397.51.

F19: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $397.63 to $398.62.

F20: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $398.65 to $399.62.

F21: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $399.67 to $400.30.

F22: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $400.80 to $401.44.

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