Welcome to our dedicated page for Wheels Up Experience SEC filings (Ticker: UP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Wheels Up Experience Inc. filings document the public-company disclosures of an on-demand private aviation provider, including operating results, financial condition, fleet modernization, membership and charter activity, and non-GAAP performance measures reported with earnings materials. Current reports also cover Regulation FD releases, material agreements, and capital-structure matters tied to its common stock, warrants, and equity incentive arrangements.
The company’s proxy and 8-K filings address board composition, director elections, executive compensation votes, auditor ratification, long-term incentive plan matters, and amendments to governing documents. Recent capital-structure disclosures include the completed reverse stock split, authorized-share reduction, related amendments to the Wheels Up Partners Holdings LLC agreement, security-holder rights, and NYSE continued-listing compliance matters.
Wheels Up Experience Inc. updated investors on two major capital and shareholder actions. Its subsidiary closed a new $68.0 million Series B Revolving Equipment Notes Facility, generating about $64.3 million in net cash proceeds to support general corporate needs and growth of its Bombardier Challenger 300 and Embraer Phenom 300 fleets.
The Series B facility, bearing interest at 5.97% per annum and maturing on November 23, 2027, is secured by liens on 42 owned aircraft and lifts total revolving equipment borrowing capacity to $400.0 million. There is no scheduled principal amortization, and repaid principal related to certain aircraft can be re-borrowed before maturity.
Separately, lead investor Delta Air Lines extended the lock-up on all its Wheels Up shares issued under their investment agreement by one year to May 22, 2027. Around 35.6% of outstanding common shares held by Delta as of the amendment date remain restricted. The company also continues to pursue an expected $100.0 million unsecured term loan from its lead lenders.
Wheels Up Experience Inc. is registering for resale 14,814,357 shares of Class A common stock by existing investors under a shelf registration, reflecting shares reported as beneficially owned as of the close of trading on May 15, 2026. The shares are being offered for resale by the Selling Securityholders; the company will not receive proceeds from those resales. The prospectus notes the shares were originally issued under the Investor Rights Agreement in 2023 and 2024 and that the resale may occur publicly or in private transactions. The prospectus also discloses a reported last sale price of $7.97 per share on May 21, 2026.
Wheels Up Experience Inc. director and Chief Executive Officer George N. Mattson reported an open-market purchase of the company’s Class A Common Stock. On May 18, 2026, he bought 1,475 shares at a weighted average price of $5.56 per share in multiple transactions priced between $5.46 and $5.60.
Following this transaction, Mattson directly owns 27,791 shares of Wheels Up Class A Common Stock. The filing notes that detailed breakdowns of the individual trade prices within this range are available upon request.
Wheels Up Experience Inc. Chief Marketing Officer Kristen Lauria reported a routine tax-withholding transaction related to equity compensation. On this Form 4, 653 shares of Class A common stock were withheld at $5.03 per share to cover tax liability from vested restricted stock units under the company’s 2021 Long-Term Incentive Plan.
After this withholding, Lauria directly holds 82,703 shares of Class A common stock, adjusted for the company’s 1-for-20 reverse stock split that occurred on April 24, 2026. This filing reflects compensation-related share withholding rather than an open-market purchase or sale.
Wheels Up Experience Inc. Chief Sales Officer Mark Briffa reported an open-market sale of 3,804 shares of Class A common stock on May 13, 2026 at a weighted average price of $4.99 per share. After this transaction, he directly holds 82,003 shares. Share amounts reflect the company’s 1-for-20 reverse stock split that occurred on April 24, 2026.
Wheels Up Experience Inc. director and Chief Executive Officer George N. Mattson reported open-market purchases of Class A common stock over three consecutive days. He bought 14,983 shares on May 13, 1,304 shares on May 14, and 10,029 shares on May 15 at weighted average prices around the mid-$5 range. Following these transactions, he directly owns 26,316 Class A common shares.
Wheels Up Experience Inc. reported first-quarter 2026 results and announced new financing. Revenue was $168.9 million, down 5% year over year, while net loss was $83.0 million or $(2.29) per share. Total Gross Bookings reached $267.2 million, up 10%, driven by charter growth, but Adjusted Contribution Margin fell to 8.7%.
The company posted an Adjusted EBITDAR loss of $18.3 million, a slight improvement, while net cash used in operating activities rose to $99.6 million. Operationally, Wheels Up completed its fleet modernization, now operating only Phenom and Challenger jets, and improved Completion Rate to 98.9% and On-Time Performance (A‑30) to 82.7%, with a 3+ hour delay rate of 2.0%.
Capital structure is being reshaped through a $100 million unsecured three‑year PIK term loan from a Delta‑led lender group, with capacity for an additional $100 million and an upsized aircraft financing facility. These facilities are expected to add about $165 million of liquidity to support fleet investment and multi‑year growth plans.
Wheels Up Experience Inc. has completed a major step in its fleet modernization plan by retiring its legacy jet fleets from revenue service and moving to an all-Phenom 300 and Challenger 300 series on-fleet jet operation. The company reached this milestone about 18 months ahead of its original schedule.
The shift supports its programmatic membership offerings and is intended to provide a more consistent, premium and operationally efficient experience. Wheels Up will still honor all existing member commitments tied to retired Citation X and Hawker 400XP aircraft through a safety-vetted network of third-party operators, while maintaining broader charter solutions and benefits from its strategic relationship with Delta Air Lines.
Wheels Up Experience Inc. implemented a major capital structure change through a 1-for-20 reverse stock split of its Class A common stock, effective after trading on April 24, 2026. Each group of 20 existing shares was combined into 1 new share.
At the same time, the company reduced authorized common stock from 1.5 billion to 75 million shares and set total authorized capital stock at 100 million shares. Related LLC and charter documents were amended to align with the new share structure and to address fractional shares.
In connection with the reverse split, the company adjusted its public and private warrants so that each warrant is now exercisable for 1/200th of one share of common stock at an exercise price of $2,300.00 per whole share. These warrants are scheduled to expire on July 13, 2026 unless exercised or redeemed earlier.