Company: UP
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001140361-25-011647
Chunk: 85

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 85
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 of Common Stock and Warrants that are U.S. holders, as defined below, and that hold Common Stock and Warrants as a capital asset (generally, property held for investment). This summary is for general information only and does not address all U.S. federal income tax considerations that may be applicable to a holder’s particular circumstances or to holders that may be subject to special tax rules, such as, for example, brokers and dealers in securities, currencies or commodities, banks and financial institutions, regulated investment companies, real estate investment trusts, expatriates, tax-exempt entities, governmental organizations, traders in securities that elect to use a mark-to-market method of accounting for their securities, certain former citizens or long-term residents of the United States, insurance companies, persons holding shares of Common Stock or Warrants as part of a hedging, integrated, or conversion transaction or a straddle or persons deemed to sell shares of Common Stock or Warrants under the constructive sale provisions of the Code, persons that hold more than 5% of Common Stock, persons that hold Common Stock or Warrants in an individual retirement account, 401(k) plan or similar tax-favored account, or partnerships or other pass-through entities for U.S. federal income tax purposes and investors in such entities. This summary does not address any U.S. federal tax consequences other than U.S. federal income tax consequences (such as estate or gift tax consequences), the Medicare tax on net investment income, the alternative minimum tax or any U.S. state, local or foreign tax consequences. For purposes of this summary, a “U.S. holder” means a beneficial owner of Common Stock or Warrants that is, for U.S. federal income tax purposes:

| • | an individual who is a citizen or resident of the United States; |

| • | a corporation created or organized in or under the laws of the United States, any state thereof or the District of Columbia; |

| • | an estate the income of which is subject to U.S. federal income taxation regardless of its source; or |

| • | a trust if (1) it is subject to the primary supervision of a court within the United States and one or more U.S. persons have the authority to control all substantial decisions of the trust, or (2) it has a valid election in effect under applicable U.S. Treasury regulations to be treated as a U.S. person. |

| Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders45 |

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