Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 161

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 161
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 plans approved by security holders(1)     |     | 84,313,292(2)     |     | $  100.00(3)      |     | 16,455,190(4)   |
| Equity compensation plans not approved by security holders(5) |     | 825,727(6)        |     | $74.21(7)         |     | —               |
| Total                                                         |     | 85,139,019(2)(5)  |     | $76.40(3)(7)      |     | 16,455,190(4)   |

| (1) | Consists of the Amended and Restated 2021 LTIP and CEO Performance Plan. The above table excludes shares issuable under the CCO Performance Plan and CFO Performance Plan, as no shares of Common Stock were authorized for issuance under such awards as of December 31, 2024. |

| (2) | Consists of (i) 11,236,560 PSUs and RSUs that may be settled into a maximum of 11,236,560 shares of Common Stock under the Amended and Restated 2021 LTIP (assuming vesting at 100% of target for outstanding PSUs), (ii) 76,732 stock options to purchase up to 76,732 shares of Common Stock granted under the Amended and Restated 2021 LTIP, and (iii) 73,000,000 shares of Common Stock under the CEO Performance Plan that have been authorized by the Company’s stockholders for issuance thereunder, subject to the satisfaction of both the performance- and service-based vesting conditions under the CEO Performance Plan, if at all. |

| (3) | Reflects the weighted-average exercise price of outstanding stock options under the Amended and Restated 2021 LTIP as of December 31, 2024. The calculation of the weighted-average exercise price does not include outstanding equity awards that are received or exercised for no consideration. As of December 31, 2024, the weighted average remaining contractual term of outstanding and exercisable stock options under the Amended and Restated 2021 LTIP was approximately 2.9 years. |

| (4) | Excludes (i) the additional 30,000,000 shares of Common Stock pursuant to the LTIP Amendment, (ii) the 15,000,000 shares of Common Stock