Company: UP
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001140361-25-011647
Chunk: 82

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 82
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 procedures described below under “ —Implementation of the Reverse Stock Split—Effect on Holders of Certificated Shares of Common Stock.” Effect on Registered and Beneficial Holders of Common Stock and Warrants After the Effective Time, shares of Common Stock held by stockholders and Warrants held by warrant holders, in each case that hold their shares through a broker or other nominee, will be treated in the same manner as shares held by registered stockholders or warrant holders that hold their shares or Warrants in their names. Brokers and other nominees that hold shares of Common Stock or Warrants will be instructed to effect the Reverse Stock Split for the beneficial owners of such shares of Common Stock or Warrants, as applicable.

| Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders43 |

TABLE OF CONTENTS PROPOSAL NO. 7—REVERSE STOCK SPLIT AND AUTHORIZED SHARE REDUCTION (continued) However, those brokers or other nominees may implement different procedures than those to be followed by registered stockholders and registered warrant holders for processing the Reverse Stock Split, particularly with respect to the treatment of fractional shares. Stockholders and warrant holders whose shares of Common Stock or Warrants, as applicable, are held in the name of a broker or other nominee are encouraged to contact their broker or other nominee with any questions regarding the procedure of implementing the Reverse Stock Split with respect to their shares of Common Stock and Warrants. Effect on Registered “Book-Entry” Holders of Common Stock and Warrants Registered holders of shares of Common Stock may hold some or all of their shares of Common Stock electronically in book-entry form under the direct registration system for the securities. Those stockholders will not have stock certificates or warrants evidencing their ownership of shares of Common Stock, but generally have a statement reflecting the number of shares of Common Stock registered in their accounts. Stockholders that hold registered shares of Common Stock in book-entry form do not need to take any action to receive post-Reverse Stock Split shares of Common Stock. Any such stockholder that is entitled to post-Reverse Stock Split shares of Common Stock will automatically receive, at the stockholder’s address of record, a transaction statement indicating the number of post-Reverse Stock Split shares of Common Stock held following the implementation of the Reverse Stock Split. Holders of Certificated Shares of Common Stock If any stockholder’s shares of Common Stock are certificated, that stockholder will receive a transmittal letter from the Transfer Agent as soon as practicable after the Effective