Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 24

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 24
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 reason, offerings of shares of Common Stock under
this prospectus supplement will be conducted in accordance with the requirements of FINRA Rule 5121. BofA Securities, Inc.
will not sell the securities to any account over which it exercises discretion without written confirmation from the accountholder.

Certain Relationships

The Sales Agents and their
respective affiliates are full service financial institutions engaged in various activities, which may include sales and trading, commercial
and investment banking, advisory, investment management, investment research, principal investment, hedging, market making, brokerage
and other financial and non-financial activities and services. The Sales Agents and certain of their respective affiliates have, from
time to time, provided, and may in the future provide, a variety of these services to us and to persons and entities with relationships
with us, for which they received or will receive customary fees and expenses. Bank of America, N.A., an affiliate of BofA Securities, Inc.,
is a lender under our Revolving Equipment Notes Facility (as defined in our Annual Report on Form 10-K for the year ended December 31,
2024). In its capacity as a lender under the Revolving Equipment Notes Facility, this Sales Agent or its affiliate has received certain
customary fees, original issue discount and expense reimbursements in the ordinary course of business. In addition, we have in the past
engaged and may in the future engage BofA Securities, Inc. on an exclusive basis to repurchase shares of our Common Stock from time
to time at our direction under a share repurchase program approved by our Board of Directors. In such capacity, BofA Securities, Inc.
is entitled to earn customary trading commissions in connection with any repurchases of shares of Common Stock made at our direction.

In the ordinary course of
their various business activities, the Sales Agents and their respective affiliates, officers, directors and employees may purchase,
sell or hold a broad array of investments and actively trade securities, derivatives, loans, commodities, currencies, credit default
swaps and other financial instruments for their own accounts and for the accounts of their customers, and such investment and trading
activities may involve or relate to our assets, securities and/or instruments (directly, as collateral securing other obligations or
otherwise) and/or persons and entities with relationships with us. The Sales Agents and their respective affiliates may also communicate
independent investment recommendations, market color or trading ideas and/or publish or express independent research views in respect
of such assets, securities