Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 1

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 1
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 of sale. If we sell shares to a Sales Agent as
principal, we will enter into a separate terms agreement with the applicable Sales Agent setting forth the terms of such transaction,
and we intend to describe this agreement in a separate pricing supplement.

Each of the Sales Agents
will be entitled to compensation under the terms of the Sales Agreement at a commission rate equal to 3% of the gross sales price per
share sold. In connection with the sale of Common Stock on our behalf, each of the Sales Agents will be deemed to be an “underwriter”
within the meaning of the Securities Act, and the compensation of each of the Sales Agents will be deemed to be underwriting commissions
or discounts. The shares of our Common Stock will be sold through only one Sales Agent on any given day. We have agreed to provide indemnification
and contribution to the Sales Agents with respect to certain liabilities, including liabilities under the Securities Act. See “Plan
of Distribution” for additional information regarding compensation to be paid to each of the Sales Agents.

The offering of shares of
our Common Stock pursuant to the Sales Agreement will terminate upon the earlier of (1) the sale of shares of our Common Stock having
an aggregate sales price of $50,000,000 pursuant to the Sales Agreement or (2) the termination of the Sales Agreement in accordance
with its terms.

The net proceeds from any
sales under this prospectus will be used as described under the section entitled “Use of Proceeds.” The proceeds we receive
from sales of shares of our Common Stock, if any, will depend on the number of shares actually sold and the offering price of such shares.

Our Common Stock is traded
on the NYSE under the symbol “UP.” On August 27, 2025, the last reported sale price of our Common Stock was $2.91 per
share.

Investing in our Common Stock involves a high degree of risk. You should review carefully the risks and uncertainties described under the heading “Risk Factors” beginning on page S-3 of this prospectus supplement, the accompanying prospectus, and under similar headings in the other documents that are incorporated by reference into this prospectus supplement.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

| BofA Securities | Jefferies |

<div align='center'>The date of this prospectus supplement