# EDGAR Filing Document

**Accession Number:** 0000027904
**File Stem:** 0001683168-26-004467
**Filing Date:** 2026-6
**Character Count:** 18124
**Document Hash:** d77170ad4cebe0761bb4fbf7fb4d1d0e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683168-26-004467.hdr.sgml**: 20260602

**ACCESSION NUMBER**: 0001683168-26-004467

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260602

**DATE AS OF CHANGE**: 20260602

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wheels Up Experience Inc.
- **CENTRAL INDEX KEY:** 0001819516
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIR TRANSPORTATION, NONSCHEDULED [4522]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 981617611
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91713
- **FILM NUMBER:** 261057941

**BUSINESS ADDRESS:**
- **STREET 1:** 2135 AMERICAN WAY
- **CITY:** CHAMBLEE
- **STATE:** GA
- **ZIP:** 30341
- **BUSINESS PHONE:** 1-855-359-8760

**MAIL ADDRESS:**
- **STREET 1:** 2135 AMERICAN WAY
- **CITY:** CHAMBLEE
- **STATE:** GA
- **ZIP:** 30341

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Aspirational Consumer Lifestyle Corp.
- **DATE OF NAME CHANGE:** 20200729
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELTA AIR LINES, INC.
- **CENTRAL INDEX KEY:** 0000027904
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIR TRANSPORTATION, SCHEDULED [4512]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 580218548
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** HARTSFIELD-JACKSON ATLANTA INTL AIRPORT
- **STREET 2:** 1030 DELTA BOULEVARD
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30354-1989
- **BUSINESS PHONE:** 4047152191

**MAIL ADDRESS:**
- **STREET 1:** 1030 DELTA BOULEVARD
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30354-1989

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELTA AIR LINES INC /DE/
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELTA AIR CORP
- **DATE OF NAME CHANGE:** 19660908

## Exhibit 99.1

**Exhibit 99.1**

DIRECTORS AND EXECUTIVE OFFICERS OF DELTA AIR LINES, INC.

The following table and related footnotes set forth the name and present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted of each director and executive officer of the Reporting Person. The business address of each such person at Delta Air Lines, Inc. is 1030 Delta Boulevard, Atlanta, Georgia 30354. Each such person is a citizen of the United States of America, with the exception of Sergio A. L. Rial, who is a dual citizen of Brazil and Spain.

---

| | | |
|:---|:---|:---|
| **Name** | **Relationship to Reporting Person** | **Present Principal Occupation** <br> **(outside Reporting Person, if any)** |
| Edward H. Bastian | Chief Executive Officer and Director | N/A |
| David S. Taylor | Chair of the Board | N/A |
| Christophe Beck | Director | Chairman and Chief Executive Officer of Ecolab Inc.[1](#note_ftn1) |
| Maria Black | Director | President and Chief Executive Officer of Automatic Data Processing, Inc.[2](#note_ftn2) |
| Willie CW Chiang | Director | Chairman, Chief Executive Officer and President of Plains All American Pipeline, L.P. and its general partner holding company Plains GP Holdings, L.P.[3](#note_ftn3) |
| Greg Creed | Director | N/A |
| David G. DeWalt | Director | Founder, Managing Director and Chief Executive Officer of NightDragon Security[4](#note_ftn4) and Managing Director of AllegisCyber Capital[5](#note_ftn5) |
| Leslie D. Hale | Director | President and Chief Executive Officer of RLJ Lodging Trust[6](#note_ftn6) |
| Christopher A. Hazleton | Captain, Airbus A330, and Director | N/A |
| Michael P. Huerta | Director | N/A |
| Judith J. McKenna | Director | N/A |
| Vasant M. Prabhu | Director | N/A |
| Sergio A. L. Rial | Director | N/A |
| Kathy N. Waller | Director | Executive Director of the Atlanta Committee for Progress[7](#note_ftn7) |
| Allison C. Ausband | Executive Vice President –<br> Chief People Officer | N/A |
| Alain M. Bellemare | Executive Vice President and President – International | N/A |
| Peter W. Carter | President | N/A |
| Amala Duggirala | Executive Vice President – <br> Chief Digital & Technology Officer | N/A |
| Joseph J. Esposito | Executive Vice President – Chief Commercial Officer | N/A |
| Daniel C. Janki | Executive Vice President – <br> Chief Operating Officer | N/A |
| Steven M. Sear | Executive Vice President – Global Sales | N/A |
| Erik S. Snell | Executive Vice President –<br> Chief Financial Officer | N/A |

---

------

[1](#note_ftnref1) The principal executive offices of Ecolab Inc., a global leader in water, hygiene and infection prevention solutions, are located at 1 Ecolab Place, St. Paul, MN 55102.

[2](#note_ftnref2) The principal executive offices of Automatic Data Processing, Inc., a leading global technology company providing human capital management solutions, are located at One ADP Boulevard, Roseland, NJ 07068.

[3](#note_ftnref3) The principal executive offices of Plains All American Pipeline, L.P. ("PAA") and its general partner holding company Plains GP Holdings, L.P., are located at 333 Clay Street, Suite 1600, Houston, TX 77002. PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids and natural gas.

[4](#note_ftnref4) The principal executive offices of NightDragon Security, a venture capital and advisory firm, are located at 101 2<sup>nd</sup> St., Suite 1275, San Francisco, CA 94105.

[5](#note_ftnref5) The principal executive offices of AllegisCyber Capital, an early-stage cybersecurity venture capital firm, are located at 200 Page Mill Road, Suite 100, Palo Alto, CA 94105.

[6](#note_ftnref6) The principal executive offices of RLJ Lodging Trust, a real estate investment trust, are located at 7373 Wisconsin Avenue, Suite 1500, Bethesda, MD 20814.

[7](#note_ftnref7) The principal executive offices of the Atlanta Committee for Progress, a public-private partnership that supports economic development and investment initiatives in the city of Atlanta, are located at One Buckhead Plaza, 3060 Peachtree Road Northwest, Atlanta, GA 30305.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 7)**

**Wheels Up Experience Inc.**

*(Name of Issuer)*

**Class A Common Stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Peter W. Carter**<br>Delta Air Lines, Inc.<br>1030 Delta Boulevard<br>Atlanta GA 30354<br>404-715-2600

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**05/29/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Delta Air Lines, Inc.** | Name of reporting person<br>**Delta Air Lines, Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**SC** | Source of funds (See Instructions)<br>**SC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**13168465.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**13168465.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**13168465.00** | Aggregate amount beneficially owned by each reporting person<br>**13168465.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**36.3%** | Percent of class represented by amount in Row (11)<br>**36.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Percentage calculated on the basis of 36,260,282 shares of Class A Common Stock, $0.0001 par value (the "Class A Common Stock"), of Wheels Up Experience Inc. (the "Issuer"), outstanding as of May 29, 2026, as reported by the Issuer on a Current Report on Form 8-K filed with the Securities and Exchange Commission ("SEC") on June 1, 2026. Neither this percentage nor the shares listed above as being beneficially owned reflect Earnout Shares (as defined in the Issuer's initial statement on Schedule 13D), which are issuable only upon the achievement of share price thresholds for Class A Common Stock that have not been satisfied.

The percentage reported above does not give effect to the Voting Agreement (as defined in Amendment No. 3 to the initial statement on Schedule 13D filed by the Reporting Person), pursuant to which the Reporting Person has agreed with the Issuer that any shares of Class A Common Stock held directly or indirectly by the Reporting Person in excess of 29.9% of the issued and outstanding Class A Common Stock shall be neutral shares with respect to voting rights, voted on any matter submitted to a vote of the stockholders of the Issuer in the same proportions "for", "against", "abstain" and/or "withhold" on such matter as the shares of Class A Common Stock voted by the stockholders of the Issuer other than the Reporting Person.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Common Stock, par value $0.0001 per share

**(b) Name of Issuer:**
Wheels Up Experience Inc.

**(c) Address of Issuer's Principal Executive Offices:**
2135 AMERICAN WAY, CHAMBLEE, GA, 30341

This Amendment No. 7 ("Amendment No. 7") to Schedule 13D relates to the Issuer's Class A Common Stock and amends and supplements the initial statement on Schedule 13D filed by the Reporting Person on July 22, 2021, as amended by Amendment No. 1 thereto ("Amendment No. 1"), filed by the Reporting Person on August 15, 2023, Amendment No. 2 thereto ("Amendment No. 2"), filed by the Reporting Person on August 29, 2023, Amendment No. 3 thereto ("Amendment No. 3"), filed by the Reporting Person on September 22, 2023, Amendment No. 4 thereto ("Amendment No. 4"), filed by the Reporting Person on November 17, 2023, Amendment No. 5 thereto ("Amendment No. 5"), filed by the Reporting Person on September 24, 2024, and Amendment No. 6 thereto ("Amendment No. 6"), filed by the Reporting Person on November 14, 2024 (as so amended, the "Schedule 13D"). Capitalized terms used but not defined in this Amendment No. 7 shall have the same meanings ascribed to them in the Schedule 13D. Except as specifically provided herein, this Amendment No. 7 does not modify any of the information previously reported in the Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 is hereby amended and supplemented by deleting the last paragraph of Item 4 of Amendment No. 6 and replacing it with the following:

"2026 Term Loan Credit Agreement and Amendment No. 4 to the Credit Agreement

As disclosed by the Issuer in a Current Report on Form 8-K filed by the Issuer with the SEC on June 1, 2026 (the "Form 8-K"), the Issuer entered into a Credit Agreement (the "2026 Credit Agreement"), dated as of May 29, 2026 (the "Closing Date"), by and among the Issuer, as borrower, certain subsidiaries of the Issuer, as guarantors, the Reporting Person, Cox Investment Holdings, LLC ("Cox") and CK Wheels LLC ("CK Wheels", and collectively with the Reporting Person and Cox, the "Lead Lenders"), and U.S. Bank Trust Company, N.A., as administrative agent, pursuant to which the Lead Lenders provided an unsecured term loan facility to the Issuer in the aggregate original principal amount of $100.0 million (the "Initial 2026 Term Loan"). The Reporting Person's commitment under the Initial 2026 Term Loan was $57.0 million.

Pursuant to the 2026 Credit Agreement, the Issuer, with the consent of each Lead Lender, may request the establishment of additional term loan commitments after the Closing Date in an aggregate original principal amount up to $100.0 million (each, an "Incremental Term Loan" and, together with the Initial 2026 Term Loan, the "2026 Term Loan"), subject to lender participation and certain other requirements set forth in the 2026 Credit Agreement.

The scheduled maturity date for the 2026 Term Loan is the earliest to occur of (i) May 29, 2029, (ii) acceleration or termination of any obligations upon the occurrence and continuation of an Event of Default (as defined in the 2026 Credit Agreement), and (iii) 91 days prior to the "Scheduled Maturity Date" under the Credit Agreement, which is currently scheduled to mature on September 20, 2028 (as applicable, the "Maturity Date"). Interest on the 2026 Term Loan accrues on a daily basis at a rate of 12% per annum (calculated on the basis of a 360-day year for the actual number of days elapsed and compounded quarterly) on the unpaid principal balance then outstanding. Accrued interest on the 2026 Term Loan is payable in kind as compounded interest and capitalized to the principal amount of the 2026 Term Loan on the last day of each of March, June, September and December, and the Maturity Date; provided, that the Issuer may, at its option, elect to pay such interest in cash at any interest payment date. If any repayment or prepayment of the 2026 Term Loan is required as a result of an Event of Default (as defined in the 2026 Credit Agreement), accrued interest as of the date of such repayment or prepayment that has not yet been capitalized to the principal amount repaid or prepaid must be paid in cash. Upon the occurrence and during the continuance of an Event of Default under the 2026 Credit Agreement, interest will accrue on (y) the unpaid principal balance of the 2026 Term Loan at the rate then applicable to such 2026 Term Loan plus 2% and (z) all other outstanding liabilities, interest, expenses, fees and other sums under the 2026 Credit Agreement, at a rate equal to the Alternate Base Rate (as defined in the 2026 Credit Agreement) plus 2% per annum (in each case, calculated on the basis of a 360-day year for the actual number of days elapsed and compounded quarterly).

The other material terms of the 2026 Credit Agreement are described in more detail in the Form 8-K.

In connection with the closing of the 2026 Credit Agreement, the Issuer entered into Amendment No. 4 to the Credit Agreement, dated as of May 29, 2026 (the "Credit Agreement Amendment No. 4"), by and among the Issuer, as borrower, the other loan parties party thereto, as guarantors, the Lead Lenders, and U.S. Bank Trust Company, N.A., pursuant to which, among other things, certain conforming amendments were made to permit the incurrence of the 2026 Term Loan and reflect its terms.

The foregoing descriptions of the 2026 Credit Agreement and the Credit Agreement Amendment No. 4 do not purport to be complete and are qualified in their entirety by reference to the 2026 Credit Agreement and the Credit Agreement Amendment No. 4 filed as Exhibit 8 and Exhibit 9, respectively, to this Schedule 13D, which are incorporated by reference herein.

The Reporting Person disclaims membership in a "group" within the meaning of Section 13(d) of the Act and beneficial ownership over any of the shares of Class A Common Stock beneficially owned by any other person, and nothing in this Amendment No. 7 shall be deemed an admission that the Reporting Person is a member of a "group" within the meaning of Section 13(d) of the Act."

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5(a-b) is hereby amended and restated as follows:

"(a-b) The responses of the Reporting Person to rows (7) through (13) on page 1 and Items 2, 3, 4 and 6 of the Schedule 13D, as amended by this Amendment No. 7, are incorporated into this Item 5 by reference.

To the Reporting Person's knowledge, none of the Covered Persons directly owns any shares of the Class A Common Stock; however, because each Covered Person is a director or executive officer of the Reporting Person, each Covered Person may be deemed to be the beneficial owner of the Class A Common Stock beneficially owned by the Reporting Person. The Covered Persons disclaim any beneficial ownership of the shares of Class A Common Stock held by the Reporting Person. None of the Covered Persons shares voting or dispositive power over any shares of Class A Common Stock held by the Reporting Person."

**(b)**
—

**(c)**
—

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 is hereby amended by deleting the first paragraph of Item 6 and replacing it with the following:

"The responses of the Reporting Person to Items 2, 3, 4 and 5 of the Schedule 13D, as amended by this Amendment No. 7, are incorporated into this Item 6 by reference."

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Delta Air Lines, Inc.

**Signature:** /s/ Peter W. Carter

**Name/Title:** Peter W. Carter, President

**Date:** 06/02/2026