Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 88

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 88
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ary in any way;                                            |

| · | the                                                                                       
 depositary may, and we understand that DTC will, require that those who purchase and sell 
 interests in a global security within its book-entry system to use immediately available  
 funds, and your broker or bank may require you to do so as well; and                      |

| · | financial                                                                                       
 institutions that participate in the depositary’s book-entry system, and through which          
 an investor holds its interest in a global security, may also have their own policies affecting 
 payments, notices and other matters relating to the securities. There may be more than one      
 financial intermediary in the chain of ownership for an investor. We do not monitor and are     
 not responsible for the actions of any of those intermediaries.                                 |

| 33 |

Special Situations when a Global Security will be Terminated

In
a few special situations described below, the global security will terminate and interests in it will be exchanged for physical certificates
representing those interests. After that exchange, the choice of whether to hold securities directly or in street name will be up to
the investor. Investors must consult their own banks or brokers to find out how to have their interests in securities transferred to
their own name, so that they will be direct holders. We have described the rights of holders and indirect holders above.

The
global security will terminate when any of the following special situations occur:

| · | if                                                                                         
 the depositary notifies us that it is unwilling, unable or no longer qualified to continue 
 as depositary for that global security and we do not appoint another institution to act as 
 depositary within 90 days;                                                                 |

| · | if                                                                                  
 we notify any applicable trustee that we wish to terminate that global security; or |

| · | if                                                                                             
 an event of default has occurred with regard to securities represented by that global security 
 and has not been cured or waived.                                                              |

The
prospectus supplement may also list additional situations for terminating a global security that would apply only to the particular series
of securities covered by the prospectus supplement. When a global security terminates, the depositary, and not we or any applicable trustee,
is responsible for deciding the names of the institutions that will be the initial direct holders.

| 34 |

<div align='center'>PLAN OF DISTRIBUTION</div>

We
may sell the securities being offered hereby from time to time:

| · | to                                              
 or through one or more underwriters or dealers; |

| · | through