Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 13

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 13
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ated effective April 1, 2023 (as amended to date), the Wheels Up Experience Inc.     
 Performance Award Agreement, dated as of November 30, 2023, granted to George Mattson,   
 the Wheels Up Experience Inc. Performance Award Agreement, dated as of May 20, 2024,     
 granted to David Harvey, and the Wheels Up Experience Inc. Performance Award Agreement,  
 dated as of March 31, 2025, granted to John Verkamp;                                     |

<div align='center'>S-7</div>

| · | 210,469 shares                                                           
 of our Common Stock issued between July 1, 2025 and August 27, 2025 upon 
 the vesting and settlement of restricted stock units;                    |

| · | 900,000 shares                                                                              
 of our Common Stock issuable upon vesting and settlement of vesting and issuance of Earnout 
 Shares (as defined in our Annual Report on Form 10-K for the year ended December 31,        
 2024), which will vest, if at all, as follows: (i) one-third of the Earnout Shares will     
 vest and be issued if the Common Stock closing price is greater than or equal to $125.00;   
 (ii)  an additional one-third will vest and be issued if the Common Stock closing price     
 is greater than or equal to $150.00; and (iii) the final one-third will vest and be         
 issued if the Common Stock closing price is greater than or equal to $175.00, in each case  
 for any 20 trading days within a period of 30 consecutive trading days on or before         
 July 13, 2026; and                                                                          |

| · | 1,252,149                                                                                         
 shares of Common Stock issuable upon exercise of 7,991,544 redeemable public warrants outstanding 
 and 4,529,950 redeemable private warrants; each such whole warrant entitles the holder to         
 purchase 1/10th of one share of Common Stock at an exercise price of $115.00 per whole share      
 of Common Stock on or prior to July 13, 2026.                                                     |

To the extent that legacy
profits interests are exchanged, options or warrants are exercised, restricted stock units, performance-based restricted stock units
and other equity incentive awards are settled into shares of our Common Stock, Earnout Shares (as defined in our Annual Report) vest
and share of Common Stock are