Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 75

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 75
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” below; |

| • | the total number of issued shares of Common Stock would be reduced based on the Reverse Stock Split Ratio, with any fractional shares being treated as described under “—Implementation of the Reverse Stock Split—Fractional Shares” below; and |

| • | the number of authorized shares of Common Stock would be contemporaneously reduced proportionally based upon the Reverse Stock Split Ratio. |

| 40Wheels 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 (continued) The following table contains approximate information, based on share information as of the Record Date, relating to our Common Stock based on the proposed Ratio Range assuming that the Reverse Stock Split Amendment is approved by stockholders at the Annual Meeting and the Board, in its discretion, subsequently decides to effect the Reverse Stock Split:

| Scenario                          |     |     Number of 
     Shares of 
  Common Stock 
    Authorized |     | Number of      
 Shares of      
 Common Stock   
 Issued and     
 Outstanding(1) |     | Number of      
 Shares of      
 Common Stock   
 Issued         
 But Not        
 Outstanding(1) |     | Number of    
 Shares of    
 Common Stock 
 Authorized   
 But Not      
 Issued       |
| Pre-Reverse Stock Split           |     | 1,500,000,000 |     | ​698,874,225   |     | ​528,386       |     | ​800,597,389 |
| Post-Reverse Stock Split 1-for-5  |     |   300,000,000 |     | ​139,774,845   |     | ​105,677       |     | ​160,119,478 |
| Post-Reverse Stock Split 1-for-20 |     |    75,000,000 |     | ​34,943,711    |     | ​26,419        |     | ​40,029,870  |

| (1) | The number of shares of Common Stock reflected in the columns titled “Number of Shares of Common Stock Issued and Outstanding” and “Number of Shares of Common Stock Issued But Not Outstanding” for the post-reverse stock split scenarios reflect rounding down to the nearest whole share of Common Stock. Any fractional shares will be treated as described under “—Implementation of the Reverse Stock Split—Fractional Shares” below and after the Reverse Stock Split