Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 13

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 13
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 Performance Plan”), granted to John Verkamp, the Company’s Chief Financial Officer, and authorize the Company to issue up to 12,000,000 shares of Common Stock thereunder, subject to the satisfaction of the applicable vesting conditions under such plan, if at all (“Proposal No. 6”); and |

| • | Proposal No. 7—To approve an amendment to the Company’s Amended and Restated Certificate of Incorporation, to be filed at the discretion of the Company’s board 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”) (the “Reverse Stock Split Proposal” or “Proposal No. 7” and, collectively with the foregoing proposals, the “Proposals”). |

For Proposal No. 1, you may either vote “For” each of the nominees to the Board of Directors or you may “Withhold” your vote. For Proposal Nos. 2 through 7 you may vote “For” or “Against” or “Abstain” with respect to each Proposal. Please note that by casting your vote by proxy you are authorizing George Mattson, our Chief Executive Officer, and Matthew Knopf, our Chief Legal Officer, or either of them, as the individuals listed on the proxy card, to vote your shares in accordance with your instructions and in their discretion with respect to any other matter that properly comes before the Annual Meeting or any adjournments or postponements thereof. How many votes do I have? On each matter to be voted on at the Annual Meeting, you have one vote for each share of Common Stock that you beneficially own and are entitled to vote as of the Record Date. Who counts the votes? Broadridge Financial Solutions, Inc. has been engaged as our independent agent to tab