Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 89

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 89
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 (Chair and determined by the Board to be an “audit committee financial expert” (as such term is defined in Item 407(d)(5) of Regulation S-K) and possesses financial sophistication (as defined under the rules of the NYSE)), Timothy Armstrong, Lee Moak and Gregory Summe, each of whom qualifies as an independent director under NYSE rules and the independence requirements of Rule 10A-3 of the Exchange Act and is financially literate; |

| • | Compensation Committee: Consists of Adam Zirkin (Chair), Zachary Lazar and Gregory Summe, each of whom qualifies as an independent director under NYSE rules and is a non-employee director (as defined pursuant to Rule 16b-3 promulgated under the Exchange Act); |

| • | Nominating and ESG Committee: Consists of Thomas Klein (Chair), Timothy Armstrong and Adam Cantor, each of whom qualifies as an independent director under NYSE rules; and |

| • | Safety and Security Committee: Consisting of Lee Moak (Chair), Alain Bellemare and Adam Zirkin, each of whom is a non-employee director. |

Audit Committee Responsibilities The primary responsibilities of the Audit Committee include to (i) assist the Board in overseeing and monitoring: (a) the quality and integrity of our consolidated financial statements; (b) our compliance with legal and regulatory requirements; (c) our independent registered public accounting firm’s qualifications and independence; (d) the performance of our internal audit function; (e) the appointment, retention, compensation and performance of our independent registered public accounting firm; and (f) our cybersecurity programs and risk management processes; and (ii) prepare the Audit Committee report required by the SEC included herein.

| 48Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders |

TABLE OF CONTENTS

CORPORATE GOVERNANCE (continued) Report of the Audit Committee of the Board of Directors The Audit Committee has reviewed and discussed the Company’s audited financial statements for the fiscal year ended December 31, 2024 with management of the Company. The Audit Committee has discussed with Grant Thornton LLP, the Company’s independent registered public accounting firm, the audited consolidated financial statements and the matters required to be discussed by the applicable requirements of the Public Company Accounting Oversight Board (“PCAOB”) and the SEC. The Audit Committee has also received the written disclosures and the letter from Grant Thornton LLP required by applicable requirements of the PCAOB regarding