Company: UP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001819516-25-000044
Chunk: 106

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 4
Chunk 106
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 grants of equity awards under our equity incentive plans; and (xvi) general economic and political conditions, such as the effects of recessions, changes in inflation and interest rates, taxes, tariffs and trade policies, the results of local and national elections, fluctuations in fuel prices and international currency rates, and the impact of corruption, political instability and acts of war or terrorism.

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ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Issuer Purchases of Equity Securities for the Three Months Ended June 30, 2025

The table below sets forth information regarding purchases of our Common Stock during the three months ended June 30, 2025:

PeriodTotal Number of Shares Purchased(1)Average Price Paid Per ShareTotal number of Shares Purchased as Part of Publicly Announced Plans or Programs(2)Maximum Number (or Approximate Dollar Value) of Shares that may yet be Purchased under the Plans or Programs(2)(3)April 1, 2025 through April 30, 2025— $— — $— May 1, 2025 through May 31, 202531,045 1.64 — $10,000,000 June 1, 2025 through June 30, 2025476,256 1.13 225,378 $9,750,281 For the three months ended June 30, 2025507,301 $1.19 225,378 

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(1)The total number of shares purchased during the three months ended June 30, 2025 includes shares of Common Stock (i) withheld for payment of tax liability arising from the vesting of restricted stock units for certain officers and (ii) repurchased under the Share Repurchase Program (as defined below). 

(2)On April 30, 2025, the Board approved a $10.0 million share repurchase program (the “Repurchase Program”) under which the Company may repurchase shares of Common Stock from time to time at management's discretion using a variety of methods, including open market purchases or privately negotiated transactions. The Share Repurchase Program has no expiration date, but may be suspended or discontinued at any time in the Board’s discretion.

(3)Excludes excise tax on share repurchases in excess of issuances, which is recognized as part of the cost basis of the