Company: UP
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001140361-25-011647
Chunk: 97

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 97
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 requirements under the U.S. federal securities laws and certain other misconduct. Under the Recoupment Policy, if the Compensation Committee determines that the Company is required to prepare an accounting restatement of its financial statements due to the Company’s material noncompliance with any applicable financial reporting requirement under the U.S. federal securities laws or other type of misconduct identified in the Recoupment Policy, the Compensation Committee must reasonably promptly recover or require forfeiture of all excess incentive compensation awarded to, earned by, or vested in, any responsible officer for periods affected by the restatement. For this purpose, incentive compensation includes any compensation, including cash bonuses or incentives, or awards or grants made pursuant to any plan or arrangement adopted by the Board or Compensation Committee, which is based on the attainment of a financial reporting measure. We believe that the Recoupment Policy is an important governance feature applicable to our compensation practices. The Recoupment Policy has been filed with the SEC as Exhibit 97.1 to the 2024 Form 10-K. Insider Trading and Rule 10b5-1 Trading Plan Policies The Company’s Amended and Restated Insider Trading Policy (“ Insider Trading Policy”) governs the purchase, sale and other disposition of our securities by our directors, officers and employees and is reasonably designed to promote compliance with insider trading laws, rules, and regulations and any applicable NYSE listing standards. Our Insider Trading Policy sets forth restrictions and procedures related to trading in Wheels Up’s securities on the basis of material nonpublic information. Our Insider Trading Policy describes instances where certain persons, including our directors and executive officers, must obtain prior approval before engaging in a transaction in the

| 52Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders |

TABLE OF CONTENTS CORPORATE GOVERNANCE (continued) Company’s securities. In addition, our Insider Trading Policy sets forth restrictions for regular and special trading blackout periods applicable to certain covered persons, as well as limited exceptions to such restrictions. Pursuant to our Insider Trading Policy, covered persons are prohibited from hedging or holding short positions in the Company’s securities. The Insider Trading Policy has been filed with the SEC as Exhibit 19.1 to the 2024 Form 10-K. Our Insider Trading Policy includes guidelines for Rule 10b5-1 trading plans in accordance with applicable SEC rules. Our Rule 10b5-1 trading plan guidelines apply to our directors and executive officers and are intended to promote compliance with SEC rules, which require, among other things,