An Upstart executive sold 18,945 shares at an average price of $29.87 to cover tax obligations, holding 292,578 shares post-transaction.
Upstart Holdings Inc. (NASDAQ:UPST) president of capital and enterprise Sanjay Datta sold 18,945 shares on August 19 and 20, realizing approximately $566,000. The transactions were executed at weighted average prices ranging from $27.98 to $31.50 per share.
The disposal was non-discretionary, part of a sell-to-cover arrangement for tax obligations, and does not reflect a change in the executive’s outlook. Upstart shares closed at $28.86 on August 20, down roughly 55% over the past 12 months.
Datta retains 292,578 shares directly and holds additional derivative securities, including restricted stock units tied to future vesting.