Upstart Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 14, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 15. Exhibits and Financial Statement Schedules
PART IV
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
We have filed the following documents as part of this Annual Report on Form 10-K:
Consolidated Financial Statements
Financial Statement Schedules
Financial statement schedules have been omitted because they are not required, not applicable, not present in amounts sufficient to require submission of the schedule, or the required information is shown in the Consolidated Financial Statements or Notes thereto.
| Page | |
|---|---|
| Report of Independent Registered Public Accounting Firm (PCAOB ID: 34) | 117 |
| Financial Statements: | |
| Consolidated Balance Sheets | 119 |
| Consolidated Statements of Operations and Comprehensive Loss | 121 |
| Consolidated Statements of Stockholders’ Equity | 122 |
| Consolidated Statements of Cash Flows | 123 |
| Notes to Consolidated Financial Statements | 126 |
- Exhibits
The exhibits listed below are filed as part of this Annual Report on Form 10-K or are incorporated herein by reference, in each case as indicated below.
EXHIBIT INDEX
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit Number | Description | Form | File No. | Exhibit | Filing Date |
| 3.1 | Amended and Restated Certificate of Incorporation. | 10-K | 001-39797 | 3.1 | February 18, 2022 |
| 3.2 | Amended and Restated Bylaws. | 8-K | 001-39797 | 3.2 | November 18, 2022 |
| 4.1 | Form of Common Stock Certificate. | S-1/A | 333-249860 | 4.1 | December 4, 2020 |
| 4.2 | Amended and Restated Investors’ Rights Agreement among the registrant and certain holders of its capital stock, amended as of December 31, 2018. | S-1 | 333-249860 | 4.2 | November 6, 2020 |
| 4.3* | Description of Capital Stock. | ||||
| 4.4 | Indenture, dated August 20, 2021, between the registrant and U.S. Bank National Association. | 8-K | 001-39797 | 4.1 | August 20, 2021 |
| 4.5 | Form of 0.25% Convertible Senior Note due 2026 (included in the indenture filed as Exhibit 4.4). | 8-K | 001-39797 | 4.2 | August 20, 2021 |
| 4.6 | Indenture, dated September 19, 2024, between Upstart Holdings, Inc. and U.S. Bank Trust Company, National Association. | 8-K | 001-39797 | 4.1 | September 19, 2024 |
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit Number | Description | Form | File No. | Exhibit | Filing Date |
| 4.7 | Form of 2.00% Convertible Senior Note due 2029 (included in the indenture filed as Exhibit 4.6). | 8-K | 001-39797 | 4.2 | September 19, 2024 |
| 4.8 | Indenture, dated November 15, 2024, between Upstart Holdings, Inc. and U.S. Bank Trust Company, National Association. | 8-K | 001-39797 | 4.1 | November 15, 2024 |
| 4.9 | Form of 1.00% Convertible Senior Note due 2030 (included in indenture filed as Exhibit 4.8). | 8-K | 001-39797 | 4.2 | November 15, 2024 |
| 10.1+ | Form of Indemnification Agreement between the registrant and each of its directors and executive officers. | S-1/A | 333-249860 | 10.1 | December 4, 2020 |
| 10.2+ | 2020 Equity Incentive Plan and related form agreements. | 10-Q | 001-39797 | 10.1 | November 12, 2021 |
| 10.3+ | 2012 Stock Plan and related form agreements. | S-1/A | 333-249860 | 10.3 | November 6, 2020 |
| 10.4+ | Employee Incentive Compensation Plan. | S-1/A | 333-249860 | 10.4 | December 4, 2020 |
| 10.5+ | 2020 Employee Stock Purchase Plan. | S-1/A | 333-249860 | 10.5 | December 4, 2020 |
| 10.6+ | Prodigy Software, Inc. 2015 Stock Incentive Plan and related form agreements. | S-8 | 333-255270 | 4.4 | April 16, 2021 |
| 10.7+ | Amended and Restated Executive Change in Control and Severance Policy and related participation. | 8-K | 001-39797 | 10.1 | November 18, 2022 |
| 10.8* | Outside Director Compensation Policy. | ||||
| 10.9+ | Employment Offer Letter, dated October 6, 2022, between Upstart Network, Inc. and Scott Darling. | 10-K | 001-39797 | 10.10 | February 16, 2023 |
| 10.10 | Sub-Sublease Agreement, dated April 1, 2019, between the registrant and Snowflake, Inc. | S-1 | 333-249860 | 10.8 | November 5, 2020 |
| 10.11 | Sublease, dated September 13, 2021, between Upstart Network, Inc. and Open Text, Inc. | 10-Q | 001-39797 | 10.3 | November 12, 2021 |
| 10.12^ | Amended and Restated TransUnion Master Agreement for Consumer Reporting and Ancillary Services, dated November 25, 2020, between Upstart Network, Inc. and TransUnion LLC. | S-1/A | 333-249860 | 10.16 | December 7, 2020 |
| 10.13^ | Amended and Restated Billing Agent Agreement, dated November 25, 2020, between Upstart Network, Inc. and Trans Union LLC. | S-1/A | 333-249860 | 10.17 | December 7, 2020 |
| 10.14 | Form of Capped Call Confirmation. | 8-K | 001-39797 | 10.1 | September 19, 2024 |
| 19.1* | Insider Trading Policy | ||||
| 21.1* | List of subsidiaries of the registrant. | ||||
| 23.1* | Consent of Independent Registered Public Accounting Firm. | ||||
| 24.1 | Power of Attorney (included in the signature page hereto). | ||||
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit Number | Description | Form | File No. | Exhibit | Filing Date |
| 31.1* · Certification of Principal Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | |||||
| 31.2* · Certification of Principal Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | |||||
| 32.1*† · Certifications of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | |||||
| 97.1 | Compensation Recovery Policy. | 10-K | 001-39797 | 97.1 | February 15, 2024 |
| 101.INS* | Inline XBRL Instance Document | ||||
| 101.SCH* | Inline XBRL Taxonomy Extension Schema Document | ||||
| 101.CAL* | Inline XBRL Taxonomy Extension Calculation Linkbase Document | ||||
| 101.DEF* | Inline XBRL Taxonomy Extension Definition Linkbase Document | ||||
| 101.LAB* | Inline XBRL Taxonomy Extension Label Linkbase Document | ||||
| 101.PRE* | Inline XBRL Taxonomy Extension Presentation Linkbase Document | ||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | ||||
—————
- Filed herewith.
- Indicates management contract or compensatory plan.
^Portions of this exhibit (indicated by asterisk) have been excluded because such information is both (i) not material and (ii) would be competitively harmful if publicly disclosed.
† The certifications attached as Exhibit 32.1 that accompany this Annual Report on Form 10-K are deemed furnished and not filed with the Securities and Exchange Commission and are not to be incorporated by reference into any filing of the registrant under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date of this Annual Report on Form 10-K, irrespective of any general incorporation language contained in such filing.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.