Upstart Holdings Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
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Item 5. Other Information
(c) Securities Trading Plans of Executive Officers and Directors
From time to time, some of the Company’s executive officers or directors may determine that it is advisable to diversify their investments for personal financial planning reasons or may seek liquidity for other reasons and may sell shares of common stock of the Company. To effect such sales, from time to time, some of the Company’s executive officers or directors may enter into trading plans that are designed to comply with the Company’s Insider Trading Policy and intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
During the quarter ended March 31, 2024, each of the following officers (as defined in Rule 16a-1(f) of the Exchange Act) of the Company has adopted a contract, instruction or written plan for the sale of securities of the Company intended to satisfy the affirmative defense conditions of Rule 10b5–1(c) of the Exchange Act:
Name and title of officer: Sanjay Datta, Chief Financial Officer
Date ofadoption: February 26, 2024
Duration of the trading arrangement: Through November 18, 2024 or earlier if all transactions under the trading arrangement are completed
Aggregate number of securities to be sold from time to time: up to 39,000 shares
Name and title of officer: Paul Gu, Chief Technology Officer
Date ofadoption: February 28, 2024
Duration of the trading arrangement: Through May 31, 2025 or earlier if all transactions under the trading arrangement are completed
Aggregate number of securities to be sold from time to time: up to 670,000 shares
Name and title of officer: Scott Darling, Chief Legal Officer and Corporate Secretary
Date ofadoption: February 29, 2024
Duration of the trading arrangement: Through May 30, 2025 or earlier if all transactions under the trading arrangement are completed
Aggregate number of securities to be sold from time to time: up to 257,877 shares, plus any additional shares to be received upon the vesting of restricted stock units to occur on various dates within the duration of the trading arrangement, net of shares withheld to cover tax obligations upon the vesting, plus any shares purchased under the ESPP
During the quarter ended March 31, 2024, the following officer (as defined in Rule 16a-1(f) of the Exchange Act) of the Company has terminated a contract, instruction or written plan for the sale of securities of the Company intended to satisfy the affirmative defense conditions of Rule 10b5–1(c) of the Exchange Act:
Name and title of officer: Scott Darling, Chief Legal Officer and Corporate Secretary
Date oftermination: February 27, 2024
Duration of the trading arrangement: Through July 31, 2024 or earlier if all transactions under the trading arrangement are completed
Aggregate number of securities to be sold from time to time: up to 250,821 shares
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