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sellModerate cluster of 510b5-1 plan

Dave Girouard sold $2.7M of UPST

Chief Executive Officer at Upstart Holdings, Inc.. 41,667 shares at an average of $64.93, traded Sep 15, 2025, filed Sep 17, 2025.

Warning score
40
Value
$2.7M
41,667 shares
Holdings after
52,614
-44% from before
From 52-week low
+92%
low $34.80, close $66.98
From 52-week high
-25%
high $88.77, as of Sep 15, 2025

Score components

  • Role
    CEO
    +25
  • Trade size
    $2.7M at market
    +25
  • Share of holdings sold
    Sold 44% of holdings
    +10
  • Cluster
    5 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.

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 9, 2026 · close 24.10
Since filing Sep 17, 2025: -64.6%SPY +19.7% · excess -84.3%

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 0001832805-25-000003, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Sep 15, 2025MOption exercise
Common Stock10b5-1
+41,667$0.83$35k94,281Sep 17, 2025
Sep 15, 2025SOpen-market sale
Common Stock10b5-1
-34,825$64.84$2.3M59,456Sep 17, 2025
Sep 15, 2025SOpen-market sale
Common Stock10b5-1
-6,842$65.41$448k52,614Sep 17, 2025
Sep 15, 2025MOption exercise
Employee Stock Option (Right to buy)derivative10b5-1
-41,667$0.83$35k835,075Sep 17, 2025

Related signals

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

ScoreCompanyInsiderValueHoldingsFiled
35Weak
UPSTsell
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%
0Weak
UPSTsell 210b5-1
Upstart Holdings, Inc.
Scott Darling
Chief Legal Officer
$70k
1,000 shares
-1%
9Weak
UPSTsell 610b5-1
Upstart Holdings, Inc.
Scott Darling
Chief Legal Officer
$278k
4,000 shares
-3%
16Weak
UPSTsell 610b5-1
Upstart Holdings, Inc.
Kerry Whorton Cooper
director
$35k
500 shares
-2%
10Weak
UPSTsell 610b5-1
Upstart Holdings, Inc.
Paul Gu
Chief Technology Offier
$343k
5,000 shares
-0%
20Weak
UPSTsell 610b5-1
Upstart Holdings, Inc.
Natalia Mirgorodskaya
See Remarks
$100k
1,439 shares
-6%
27Weak
UPSTsell 610b5-1
Upstart Holdings, Inc.
Scott Darling
Chief Legal Officer
$435k
6,402 shares
-5%
5Weak
UPSTsell 610b5-1
Upstart Holdings, Inc.
Natalia Mirgorodskaya
See Remarks
$95k
1,389 shares
-6%
26Weak
UPSTsell 610b5-1
Upstart Holdings, Inc.
Scott Darling
Chief Legal Officer
$419k
6,853 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 $2.7M of UPST | InsiderTell