Paul Gu, Chief Executive Officer of Upstart (NASDAQ:UPST), reported the purchase of 50,000 shares on May 13, 2026, for a total consideration of approximately $1.38 million according to the SEC Form 4 filing.
Transaction summary Transaction and post-transaction values based on SEC Form 4 reported price ($27.50)
Key questions – How does the size of this purchase compare to Gu’s historical trading activity? The 50,000-share acquisition is the largest single purchase by Gu in the current reporting period and exceeds the average size of his prior sell events (mean ~15,857 shares for sales), highlighting a meaningful reversal from net selling to accumulation. – What is the impact of this transaction on Gu’s ownership stake? The purchase brought Gu’s total indirect ownership through trusts and an LLC to 194,930 shares while maintaining 1,102,616 shares directly. – Does this transaction involve derivative securities or indirect entities?
No derivative exercises are disclosed in this filing, although the transaction adds 50,000 shares to the Gu Qiao Family Trust. – How does current valuation compare to historical trading levels? The shares were purchased at around $27.50 per share, with the stock priced at $29.51 as of May 15, 2026, but still down 38.62% over the past year, indicating Gu added exposure at a level well below recent historical highs. Company overview * 1-year price change calculated using May 13, 2026 as the reference date.