An Upstart Insider Filing Involves $216,000. Here's How It Connects to a New Bank Charter
Darling executed a non-discretionary sale to cover tax withholding obligations tied to restricted stock unit vesting.
Overview
Scott Darling, the chief legal officer of Upstart Holdings, Inc. (NASDAQ:UPST), sold 7,696.0 shares of common stock on August 20, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($28.09); post-transaction value based on the August 20 market close ($28.86).
Details
Upstart Holdings is a technology-enabled lending platform with a market capitalization of $2.8 billion and TTM revenue of $1.2 billion, demonstrating significant scale in the digital lending ecosystem. The company differentiates itself through its proprietary AI-driven underwriting capabilities, which enable faster loan origination and improved credit risk assessment compared to traditional lending methodologies. With headquarters in San Mateo, California, Upstart operates as a critical infrastructure provider in the consumer lending market, serving both individual borrowers and institutional lending partners.
Source
Originally published at www.fool.com.