WSUPW Wheels Up Experience Inc.
Price Chart
Executive Summary
Wheels Up Experience Inc. stockholder votes at the 2026 Annual Meeting approved an amendment to the 2021 Long-Term Incentive Plan, increasing the share reserve from 3,007,484 to 6,757,484 post-split shares (a net increase of 3,750,000 post-split shares) and extending the plan termination date to March 31, 2036. The filing is a routine compensation plan amendment — no financial results, no officer changes, and no material business events were disclosed.
Actionable Insight
This is a routine shareholder approval of an equity compensation plan amendment. No trading signal — monitor upcoming quarterly earnings (next 10-Q) for operating performance and cash burn trajectory, which are the true drivers for this pre-reverse-split, OTC-traded preferred security.
Key Facts
- Stockholders approved Amendment No. 3 to the 2021 LTIP at the June 9, 2026 Annual Meeting.
- Share reserve increased from 3,007,484 to 6,757,484 post-reverse-split shares (an increase of 3,750,000 post-split shares; equivalent to 135,149,682 pre-split shares).
- Plan termination date extended to March 31, 2036.
- Four Class II directors (A. Davis, R. Farah, G. Mattson, G. Summe) were elected; say-on-pay and auditor ratification were approved.
- Voter turnout was approximately 92.6% of outstanding shares (547,648,969 pre-split shares represented).
- LTIP Amendment vote passed with 504,934,147 For, 2,788,304 Against, 81,473 Abstentions, and 39,845,045 broker non-votes.
Financial Impact
No financial impact. The filing authorizes additional equity incentive shares but does not report any actual revenue, earnings, or cash flow figures.
Risk Factors
- The increase in the share reserve could lead to future dilution if management grants substantial equity awards.
- No financial results were disclosed in this filing; the company's fundamental risk profile remains unchanged.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-042215 |
| Document: up-20260609.htm | 0001628280-26-042215 |
| Document: 0001628280-26-042215-index-headers.html | 0001628280-26-042215 |
| Document: 0001628280-26-042215-index.html | 0001628280-26-042215 |
| Document: 0001628280-26-042215.txt | 0001628280-26-042215 |
Filters
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Jun 11, 2026
2d ago
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3
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Jun 10, 2026
2d ago
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8-K
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Jun 8, 2026
5d ago
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EFFECT
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Jun 1, 2026
11d ago
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S-3/A
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Jun 1, 2026
12d ago
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8-K
| — | awaiting T+20 | — | — |
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Apr 29, 2026
6w ago
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8-K
| — | awaiting T+20 | — | — |
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Apr 27, 2026
6w ago
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8-K
| — | awaiting T+20 | — | — |
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Apr 24, 2026
7w ago
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DEFA14A
| — | awaiting T+20 | — | — |
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Apr 14, 2026
8w ago
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8-K
| — | awaiting T+20 | — | — |
US Market Status
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