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sellModerate cluster of 410b5-1 plan

Dave Girouard sold $2.6M of UPST

Chief Executive Officer at Upstart Holdings, Inc.. 41,667 shares at an average of $63.27, traded Aug 15, 2025, filed Aug 19, 2025.

Warning score
40
Value
$2.6M
41,667 shares
Holdings after
52,614
-44% from before
From 52-week low
+84%
low $34.80, close $64.09
From 52-week high
-28%
high $88.77, as of Aug 15, 2025

Score components

  • Role
    CEO
    +25
  • Trade size
    $2.6M at market
    +25
  • Share of holdings sold
    Sold 44% of holdings
    +10
  • Cluster
    4 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +10.5%, 3m -38.4%, 6m -48.1%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

UPSTOct 12, 2026 · close 23.75
Since filing Aug 19, 2025: -61.4%SPY +23.3% · excess -84.7%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001647639-25-000102, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Aug 15, 2025MOption exercise
Common Stock10b5-1
+41,667$0.83$35k94,281Aug 19, 2025
Aug 15, 2025SOpen-market sale
Common Stock10b5-1
-38,777$63.23$2.5M55,504Aug 19, 2025
Aug 15, 2025SOpen-market sale
Common Stock10b5-1
-2,890$63.91$185k52,614Aug 19, 2025
Aug 15, 2025MOption exercise
Employee Stock Option (Right to buy)derivative10b5-1
-41,667$0.83$35k876,742Aug 19, 2025

Related signals

Other insiders at Upstart Holdings, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
43Moderate
UPSTsell 2
Upstart Holdings, Inc.
Sanjay Datta
President, Capital& Enterprise
$3.2M
116,000 shares
-20%
60Notable
UPSTbuy
Upstart Holdings, Inc.
Paul Gu
Chief Executive Officer
$1.3M
50,000 shares
+63%
15Weak
UPSTsell 410b5-1
Upstart Holdings, Inc.
Natalia Mirgorodskaya
See Remarks
$27k
913 shares
-2%
42Moderate
UPSTsell 4
Upstart Holdings, Inc.
Scott Darling
Chief Legal Officer
$216k
7,696 shares
-10%
54Moderate
UPSTsell 4
Upstart Holdings, Inc.
Sanjay Datta
President, Capital& Enterprise
$566k
18,945 shares
-6%
30Weak
UPSTsell 4
Upstart Holdings, Inc.
Natalia Mirgorodskaya
See Remarks
$16k
586 shares
-2%
31Weak
UPSTsell 410b5-1
Upstart Holdings, Inc.
Andrea Blankmeyer
Chief Financial Officer
$299k
10,175 shares
-6%
30Weak
UPSTsell 4
Upstart Holdings, Inc.
Scott Darling
Chief Legal Officer
$24k
814 shares
-1%
42Moderate
UPSTsell 4
Upstart Holdings, Inc.
Sanjay Datta
President, Capital& Enterprise
$60k
2,033 shares
-1%
45Moderate
UPSTsell 2
Upstart Holdings, Inc.
Sanjay Datta
President, Capital& Enterprise
$456k
15,000 shares
-5%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Dave Girouard sold $2.6M of UPST | InsiderTell