Wheels Up Experience Inc.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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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.
Jun 30, 2025 · Filed Aug 7, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities for the Three Months Ended June 30, 2025
The table below sets forth information regarding purchases of our Common Stock during the three months ended June 30, 2025:
| Period | Total Number of Shares Purchased(1) | Average Price Paid Per Share | Total number of Shares Purchased as Part of Publicly Announced Plans or Programs(2) | Maximum Number (or Approximate Dollar Value) of Shares that may yet be Purchased under the Plans or Programs(2)(3) |
|---|---|---|---|---|
| April 1, 2025 through April 30, 2025 | — | $— | — | $— |
| May 1, 2025 through May 31, 2025 | 31,045 | 1.64 | — | $10,000,000 |
| June 1, 2025 through June 30, 2025 | 476,256 | 1.13 | 225,378 | $9,750,281 |
| For the three months ended June 30, 2025 | 507,301 | $1.19 | 225,378 |
(1)The total number of shares purchased during the three months ended June 30, 2025 includes shares of Common Stock (i) withheld for payment of tax liability arising from the vesting of restricted stock units for certain officers and (ii) repurchased under the Share Repurchase Program (as defined below).
(2)On April 30, 2025, the Board approved a $10.0 million share repurchase program (the “Repurchase Program”) under which the Company may repurchase shares of Common Stock from time to time at management's discretion using a variety of methods, including open market purchases or privately negotiated transactions. The Share Repurchase Program has no expiration date, but may be suspended or discontinued at any time in the Board’s discretion.
(3)Excludes excise tax on share repurchases in excess of issuances, which is recognized as part of the cost basis of the shares of Common Stock repurchased as reflected in the condensed consolidated statements of equity.
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