Molinari Francesca 4
4 · Wheels Up Experience Inc. · Filed Jul 15, 2021
Insider Transaction Report
Form 4
Molinari Francesca
Chief People Officer
Transactions
- Award
Stock Option (right to buy)
2021-07-13+345,294→ 345,294 totalExercise: $8.69→ Class A Common Stock, par value $0.0001 per share (345,294 underlying)
Footnotes (2)
- [F1]Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.
- [F2]25% of the shares subject to the stock option vested as of the closing of the Business Combination, and the remaining 75% will vest in equal installments on September 12, 2021, September 12, 2022 and September 12, 2023.