Wheels Up Experience Inc. has disclosed a recent stock transaction involving its Chief Accounting Officer, Alexander Chatkewitz. This transaction is significant as it reflects ongoing changes in ownership and transparency within the company.

Background

Wheels Up Experience Inc. operates in the air transportation sector, specifically in nonscheduled services, as indicated by its SIC code 4522. The company is publicly traded on the NYSE under the ticker symbol UP. Its recent filings include various forms, with the latest being a Form 4 filed on October 6, 2026.

What the Filing Says

The SEC filing details that on October 2, 2026, Chatkewitz acquired 1,173 shares of Class A common stock at a price of $3.50 per share. Following this transaction, he now owns a total of 41,177 shares. The filing notes that these shares were withheld for tax liabilities related to the vesting of restricted stock units from the company’s 2021 Long-Term Incentive Plan.

Impact

This update may affect stakeholders, including other officers and shareholders, as it reflects the company's ongoing commitment to transparency. The transaction may also provide insights into the company's financial health and governance practices.

What's Next

The filing does not say what happens next.

Details of the Transaction

The filing specifies that the shares acquired by Chatkewitz were part of a transaction coded as 'D', indicating that the shares were disposed of for tax purposes. This transaction is linked to the vesting of restricted stock units from the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, which has undergone multiple amendments since its inception.

Amendments to the Incentive Plan

The 2021 Long-Term Incentive Plan has been amended and restated several times, with the most recent amendment effective March 31, 2026. Previous amendments occurred on April 1, 2023, April 15, 2024, and March 26, 2025. These amendments may reflect the company’s evolving strategy in employee compensation and retention.

Ownership Structure

Following this transaction, Alexander Chatkewitz holds a total of 41,177 shares of Class A common stock, which represents a direct ownership stake in the company. This ownership structure is crucial for understanding the alignment of interests between the management and shareholders.

Company Background

Wheels Up Experience Inc. was previously known as Aspirational Consumer Lifestyle Corp. until its name change on July 29, 2020. This rebranding may signify a shift in the company’s focus and strategic direction within the air transportation industry.

Contact Information

The company is headquartered at 2135 American Way, Chamblee, GA 30341, and can be reached via phone at 1-855-359-8760. This information is vital for stakeholders wishing to engage with the company directly.