Company: UP
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001140361-25-011647
Chunk: 72

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 72
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 was granted on March 31, 2025. As reflected in the table below, no shares of Common Stock vested or were issuable thereunder as of December 31, 2024.

| Name and Position                                                                  |     | Dollar Value |     | Number of Shares of Common Stock |
| George Mattson,Chief Executive Officer                                             |     | $       —    |     | —                                |
| David Harvey,Chief Commercial Officer                                              |     | —            |     | —                                |
| Mark Briffa,EVP, Charter & CEO of Air Partner                                      |     | —            |     | —                                |
| All current executive officers as a group (10 persons)(1)                          |     | $—           |     | —                                |
| All current directors who are not executive officers as a group (zero persons)     |     | $—           |     | —                                |
| All employees as a group (excluding all current executive officers) (zero persons) |     | $—           |     | —                                |

| (1) | Mr. Smith ceased to be an executive officer of the Company effective September 6, 2024. No grants under the CFO Performance Plan were made to Mr. Smith. |

| 38Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders |

TABLE OF CONTENTS PROPOSAL NO. 7—REVERSE STOCK SPLIT AND AUTHORIZED SHARE REDUCTION On March 26, 2025, the Board unanimously approved, subject to stockholder approval, and recommends to our stockholders that they approve at the Annual Meeting, an amendment to the Amended and Restated Certificate of Incorporation, to be filed at the discretion of the Board at any time prior to the 2026 Annual Meeting Date, providing for the Reverse Stock Split and, contemporaneously with the Reverse Stock Split, the Authorized Share Reduction. If approved by our stockholders at the Annual Meeting and the Board, in its discretion, subsequently decides to effect the Reverse Stock Split and Authorized Share Reduction, the Company would effect the Reverse Stock Split and the Authorized Share Reduction by causing the filing of a certificate of amendment to the Amended and Restated Certificate of Incorporation (the “Reverse Stock Split Amendment”), substantially in the form attached as Appendix D to this Proxy Statement, with the Secretary of State of the State of Delaware (the “Delaware Secretary of State”). As described below, the