Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 40

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 40
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 of the Board or a committee of the Board. For any matter to be “properly brought” before a meeting,
a stockholder has to comply with advance notice requirements and provide Wheels Up with certain information. Generally, to be timely,
a stockholder’s notice must be received at our principal executive offices not less than 90 days nor more than 120 days prior to
the first anniversary date of the immediately preceding annual meeting of stockholders. The By-Laws also specify requirements as to the
form and content of a stockholder’s notice. Except as otherwise set forth in the Investor Rights Agreement with respect to certain
stockholders and subject to the applicable terms and conditions described therein, any nomination of candidates for election as a director
by a stockholder must comply with the requirements of Rule 14a-19 under the Exchange Act. The By-Laws allow the presiding officer
at a meeting of the stockholders to adopt rules and regulations for the conduct of meetings which may have the effect of precluding
the conduct of certain business at a meeting if the rules and regulations are not followed. These provisions may also defer, delay
or discourage a potential acquirer from conducting a solicitation of proxies to elect the acquirer’s own slate of directors or
otherwise attempting to influence or obtain control of Wheels Up.

Stockholder Action by Written Consent

The Certificate of Incorporation
provides that any action required or permitted to be taken by the stockholders may be taken by written consent in lieu of a meeting if
such action permitted to be taken by such holders and the written consent is signed by the holders of outstanding shares of the relevant
class or series having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting.

Authorized but Unissued Capital Stock

Delaware law does not require
stockholder approval for any issuance of authorized shares. However, the listing requirements of the NYSE, which would apply if and so
long as the Common Stock remains listed on the NYSE, require, subject to limited exceptions, that Wheels Up’s stockholders approve
(i) certain issuances equal to or exceeding 20% of the then outstanding voting power or number of outstanding shares of Common Stock,
(ii) the issuance of Common Stock in any transaction or series of related transactions, to a director, officer or substantial security
holder of the company (each a “Related Party”) if the number of shares of Common Stock to be issued, or if the number
of shares of Common Stock