Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 86

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 86
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 individuals and corporations is subject to limitations. U.S. holders that have acquired different blocks of Common Stock or Warrants at various times or at different prices are urged to consult their own tax advisors regarding the allocation of their aggregated adjusted basis among, and the holding period of, Common Stock or Warrants. Information returns generally will be required to be filed with the IRS with respect to the payment of cash in lieu of a fractional share made pursuant to the Reverse Stock Split unless such U.S. holder is an exempt recipient and timely and properly establishes the exemption. In addition, payments of cash in lieu of a fractional share made pursuant to the Reverse Stock Split may, under certain circumstances, be subject to backup withholding, unless a U.S. holder timely provides proof of an applicable exemption or a correct taxpayer identification number, and otherwise complies with the applicable requirements of the backup withholding rules. Any amounts withheld under the backup withholding rules are not additional tax and may be refunded or credited against the U.S. holder’s U.S. federal income tax liability, provided that the U.S. holder timely furnishes the required information to the IRS. U.S. holders should consult their tax advisors regarding their qualification for an exemption from backup withholding and the procedures for obtaining such an exemption. Vote Required A majority of votes cast by stockholders present or represented by proxy and entitled to vote thereon, voting together as a single class, at the Annual Meeting is required to approve this Proposal No. 7. Any abstentions or failing to vote by ballot at the Annual Meeting or proxy will have no effect on the voting outcome of Proposal No. 7. Since Proposal No. 7 is “routine,” no broker non-votes are expected to exist in connection with Proposal No. 7. THE BOARD OF DIRECTORS RECOMMENDS A VOTE FORAPPROVAL OF THE REVERSE STOCK SPLIT AND AUTHORIZED SHARE REDUCTION.

| 46Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders |

TABLE OF CONTENTS

CORPORATE GOVERNANCE We have structured our corporate governance in a manner we believe aligns with the interests of our stockholders. Notable features of our corporate governance structure and practices include:

| • | independent director representation on our Audit, Compensation, Nominating and ESG, and Safety and Security Committees, and regular meetings of our non-employee directors in executive sessions without the presence of our executive officers; |

| • | at least one of our directors qualifies as an “audit committee