Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 84

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 84
---
 by reference to, the provisions of the applicable unit agreement. When we issue units,
we will provide the specific terms of the units in a prospectus supplement. To the extent the information contained in the prospectus
supplement differs from this summary description, you should rely on the information in the prospectus supplement.

When we issue units,
we will provide in a prospectus supplement the following terms of the units being issued:

| · | the                           
 title of any series of units; |

| · | identification                                                               
 and description of the separate constituent securities comprising the units; |

| · | the                                                
 price or prices at which the units will be issued; |

| · | the                                                                                      
 date, if any, on and after which the constituent securities comprising the units will be 
 separately transferable;                                                                 |

| · | information                                
 with respect to any book-entry procedures; |

| · | a                                                                                         
 discussion of certain U.S. federal income tax considerations applicable to the units; and |

| · | any                                                        
 other terms of the units and their constituent securities. |

| 31 |

<div align='center'>OWNERSHIP OF SECURITIES</div>

We
can issue securities in registered form or in the form of one or more global securities. We describe global securities in greater detail
below. We refer to those persons who have securities registered in their own names on the books that we or any applicable trustee maintain
for this purpose as the “direct holders” or “holders” of those securities. These persons are the legal holders
of the securities. We refer to those persons who, indirectly through others, own beneficial interests in securities that are not registered
in their own names, as “indirect holders” of those securities. As we discuss below, indirect holders are not legal holders,
and investors in securities issued in book-entry form or in street name will be indirect holders.

Book-Entry Holders

We
may issue securities in book-entry form only, as we will specify in the prospectus supplement pursuant to which securities are issued.
This means securities may be represented by one or more global securities registered in the name of a financial institution that holds
them as depositary on behalf of other financial institutions that participate in the depositary’s book-entry system. These participating
institutions, which are referred to as participants, in turn, hold beneficial interests in the securities on behalf of themselves or
their customers.

Only
the person in whose name a security is registered is recognized as the holder of that security. Securities