Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 22

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 22
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 the Securities Act, including
by ordinary brokers’ transactions through the facilities of the NYSE or otherwise at market prices prevailing at the time of sale,
at prices related to prevailing market prices or at negotiated prices, in block transactions or as otherwise permitted by law.

The Sales Agents are not
required to sell any specific number or dollar amount of shares of Common Stock, but will use their commercially reasonable efforts,
as our agents and consistent with their normal trading and sales practices, to sell, subject to the terms of the Sales Agreement, shares
of Common Stock, as agreed upon by us and the applicable Sales Agent from time to time.

In no event will the aggregate
sales price of shares of our Common Stock sold by us to or through the Sales Agents, acting as our agents or as principals pursuant to
the Sales Agreement, exceed $50,000,000.

In connection with the sale
of shares of our 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 paid to each of the Sales Agents will be deemed to be underwriting commissions or discounts.
We have agreed that we will indemnify the Sales Agents against certain liabilities, including liabilities under the Securities Act, or
contribute to payments that the Sales Agents may be required to make in respect of those liabilities.

We estimate that the expenses
payable by us in connection with the offering and sale of shares of our Common Stock pursuant to the Sales Agreement, other than discounts
and commissions but including expenses paid prior to the date of this prospectus supplement, will be approximately $0.5 million.
The remaining sales proceeds from the sale of any shares of our Common Stock, after deducting any transaction fees, transfer taxes or
similar fees, taxes or charges imposed by any governmental or self-regulatory organization in connection with such sales, shall constitute
the net proceeds from the sale of our Common Stock offered by this prospectus supplement and the accompanying prospectus.

Upon its acceptance of instructions
from us, each of the Sales Agents has agreed to use its commercially reasonable efforts to sell shares of our Common Stock on the terms
and subject to the conditions set forth in the Sales Agreement. We will instruct the applicable Sales Agent as to the amount of Common
Stock to be sold by it as our agent. We may instruct the applicable Sales Agent not to sell our Common Stock below a price designated
by us. We or an applicable Sales Agent may at any time immediately suspend the offering