Third Point LLC's Form 4 filing
Upstart Holdings, Inc. (UPST) · filed Dec 3, 2021
- Accession no.
- 0001567619-21-021613
- Filed
- Dec 3, 2021, 5:43 PM ET
- Trade date
- Dec 3, 2021
- Filing delay
- Same day
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 23 non-derivative transactions. Open-market sales total $70.4M. It was filed on the trade date.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Third Point LLCCIK 0001040273 | 10% Owner |
| Loeb Daniel SCIK 0001300345 | 10% Owner, Other: See Footnote (1) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 3, 2021 | Common Stock | SSaleDisposed | −21,298 | $168.28F2 | −$3,584,008.27 | 8,473,702 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −14,717 | $169.33F3 | −$2,492,085.53 | 8,458,985 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −30,342 | $170.37F4 | −$5,169,442.4 | 8,428,643 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −17,467 | $171.24F5 | −$2,991,033.36 | 8,411,176 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −300 | $171.86F6 | −$51,558.51 | 8,410,876 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −33,688 | $173.43F7 | −$5,842,351.51 | 8,377,188 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −12,584 | $174.09F8 | −$2,190,732.2 | 8,364,604 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −1,400 | $175.23F9 | −$245,315 | 8,363,204 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −5,664 | $176.39F10 | −$999,093.92 | 8,357,540 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −40,763 | $177.54F11 | −$7,237,160.85 | 8,316,777 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −54,398 | $178.22F12 | −$9,694,746.28 | 8,262,379 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −31,773 | $179.34F13 | −$5,698,103.1 | 8,230,606 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −13,066 | $180.09F14 | −$2,353,012.82 | 8,217,540 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −2,375 | $181.60F15 | −$431,295.96 | 8,215,165 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −12,500 | $181.96F16 | −$2,274,475 | 8,202,665 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −34,642 | $183.41F17 | −$6,353,692.68 | 8,168,023 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −9,467 | $184.17F18 | −$1,743,582.83 | 8,158,556 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −2,300 | $186.74F19 | −$429,495.1 | 8,156,256 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −12,431 | $187.59F20 | −$2,331,953.67 | 8,143,825 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −22,374 | $188.31F21 | −$4,213,198.72 | 8,121,451 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −10,051 | $189.21F22 | −$1,901,715.54 | 8,111,400 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −10,600 | $190.18F23 | −$2,015,862.42 | 8,100,800 | Indirect | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −800 | $191.28F24 | −$153,025.04 | 8,100,000 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $167.785 to $168.78, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 2 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $168.85 to $169.72, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 3 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $169.94 to $170.74, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 4 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $170.80 to $171.77, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 5 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F6
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $171.825 to $171.88, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 6 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F7
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.005 to $173.75, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 7 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F8
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.79 to $174.72, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 8 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F9
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.14 to $175.42, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 9 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F10
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.83 to $176.78, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 10 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F11
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $176.79 to $177.78, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 11 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F12
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.79 to $178.75, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 12 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F13
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $178.79 to $179.78, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 13 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F14
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $179.79 to $180.67, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 14 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F15
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $181.08 to $181.78, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 15 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F16
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $181.79 to $182.05, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 16 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F17
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $183.00 to $183.77, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 17 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F18
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $183.83 to $184.74, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 18 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F19
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $186.675 to $186.75, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 19 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F20
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $186.82 to $187.75, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 20 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F21
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $187.87 to $188.75, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 21 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F22
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $188.81 to $189.625, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 22 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F23
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $189.805 to $190.57, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 23 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F24
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $190.985 to $191.38, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 24 to this Form 4.
Referenced by the price of 1 transaction in Table I.
Remarks
The Power of Attorney granted by Daniel S. Loeb in favor of William Song and Joshua L. Targoff, dated February 17, 2021, was previously filed with the SEC on March 4, 2021 as Exhibit 24 to the Form 4 filed by Third Point LLC and Daniel S. Loeb with respect to Radius Global Infrastructure, Inc. and is incorporated herein by reference.