Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 2

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 2
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 of directors (the “Board” or “Board of Directors”) at any time prior to the 2026 annual meeting of the Company’s stockholders (the “2026 Annual Meeting Date”), providing for (i) a reverse stock split of the outstanding shares of the Company’s Common Stock, at a reverse stock split ratio of not less than 1-for-5 and not greater than 1-for-20, with an exact ratio within that range as may be determined by the Board and specified in a Certificate of Amendment to Amended and Restated Certificate of Incorporation at a later date (the “Reverse Stock Split”) and (ii) contemporaneously with the Reverse Stock Split, a reduction in the number of authorized shares of Common Stock by a ratio corresponding to the reverse stock split ratio (the “Authorized Share Reduction”) (“Proposal No. 7”); and |

| (8) | To transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof. |

The foregoing items of business are more fully described in the Proxy Statement accompanying this Notice of Annual Meeting of Stockholders. Only stockholders who owned Common Stock of the Company at the close of the trading day on April 11, 2025 can vote at the Annual Meeting or any adjournments or postponements thereof.

TABLE OF CONTENTS

Wheels Up’s Board of Directors recommends that you vote:

| (1) | FORthe election of each of the four Class I director nominees named in Proposal No. 1 of the Proxy Statement; |

| (2) | FORthe non-binding, advisory vote to approve named executive officer compensation for the fiscal year ended December 31, 2024, as described in Proposal No. 2 of the Proxy Statement; |

| (3) | FORratification, on a non-binding, advisory basis, of the appointment of GT as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, as described in Proposal No. 3 of the Proxy Statement; |

| (4) | FORapproval of the LTIP Amendment to increase the aggregate number of shares of Common Stock available for awards made under the Amended and Restated 2021 LTIP and extend the termination date of such plan to March 26, 2035, as described in Proposal No. 4 of the Proxy Statement; |

| (5) | FORapproval of the CCO Performance Plan and authorization of the Company to issue up to