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Wheels Up Experience Inc. — Director's Dealing 2022
Jun 10, 2022
31839_dirs_2022-06-10_40dfcaeb-c592-4688-9bde-be2b01e5ab4a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Wheels Up Experience Inc. (UP)
CIK: 0001819516
Period of Report: 2022-06-08
Reporting Person: Dichter Kenneth H (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-06-08 | Class A Common Stock, par value $0.0001 per share | A | 1600000 | $0.00 | Acquired | 14753435 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-06-08 | Restricted Stock Units | $ | A | 1615000 | Acquired | 2026-12-31 | Class A Common Stock, par value $0.0001 per share (1615000) | Direct |
Footnotes
F1: Represents a grant of Restricted Stock Units ("RSUs") pursuant to Rule 16b-3(d), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. ("Class A Common Stock") upon vesting. The RSUs will vest in three equal installments on June 8, 2023, June 8, 2024 and June 8, 2025, subject to the Reporting Person's continued service to the Issuer.
F2: Each RSU represents a contingent right to receive one share of Class A Common Stock. The RSUs vest upon the Class A Common Stock achieving certain milestones based on a specified price per share.