Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 74

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 74
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 upon exercise of a warrant. If the exercise price of a warrant
is adjusted, (i) in the case of an adjustment pursuant to the fifth paragraph under the heading “- Anti-dilution Adjustments”
below, the adjusted share prices in the column headings will equal the unadjusted share price multiplied by a fraction, the numerator
of which is the higher of the Market Value and the Newly Issued Price (each as defined in the Warrant Agreement) as set forth under the
heading “- Anti-dilution Adjustments” and the denominator of which is $100.00 and (ii) in the case of an adjustment
pursuant to the second paragraph under the heading “- Anti-dilution Adjustments” below, the adjusted share prices
in the column headings will equal the unadjusted share price less the decrease in the exercise price of a warrant pursuant to such exercise
price adjustment.

| 26 |

| Redemption Date                    |     |                                   Fair 
 Market Value of Shares of Common Stock |     |        |     |        |     |        |     |        |     |        |     |        |     |        |     |         |
| (Period to expiration of warrants) |     |                                ≤100.00 |     | 110.00 |     | 120.00 |     | 130.00 |     | 140.00 |     | 150.00 |     | 160.00 |     | 170.00 |     | ≥180.00 |
| 60 months                          |     |                                 0.0261 |     | 0.0281 |     | 0.0297 |     | 0.0311 |     | 0.0324 |     | 0.0337 |     | 0.0348 |     | 0.0358 |     |  0.0361 |
| 57 months                          |     |                                 0.0257 |     | 0.0277 |     | 0.0294 |     | 0.0310 |     | 0.0324 |     | 0.0337 |     | 0.0348 |     | 0.0358 |     |  0.0361 |
| 54 months                          |     |                                 0.0252 |     | 0.0272 |     | 0.0291 |     | 0.0307 |