---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-067062"
form_type: "8-K"
ticker: "UP"
cik: "0001819516"
company_name: "Wheels Up Experience Inc."
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:38:41.599459+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wheels Up shareholders approve 1-for-10 reverse stock split; effective June 7, 2023

## Summary
- Stockholders approved 1-for-10 reverse stock split; authorized shares reduced from 2.5B to 250M.
- Reverse split effective after close June 7; split-adjusted trading begins June 8 under same symbol UP.
- Amended 2021 Long-Term Incentive Plan approved, increasing shares available for awards.
- Majority vote standard and officer exculpation amendments rejected by shareholders.
- Fractional shares to be cashed out at closing price on June 7; warrants adjusted to 1/10th share at $115 exercise.

## SEC filing metadata
- accession: 0001104659-23-067062
- form_type: 8-K
- ticker: UP
- cik: 0001819516
- company_name: Wheels Up Experience Inc.
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/tm2317125d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-067062
- JSON: https://secwatch.observer/filing/0001104659-23-067062.json
- Plain text: https://secwatch.observer/filing/0001104659-23-067062.txt

## Key facts
- Shareholder Votes
  Wheels Up Experience Inc. shareholders approved Amendment to effect reverse stock split and authorized share reduction at the 2023-05-31 meeting.
  - Proposal: reverse split
  - Outcome: passed
  - Meeting: 2023-05-31
  source text: As a result, the Company’s stockholders approved the Reverse Stock Split Amendment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm
- Shareholder Votes
  Wheels Up Experience Inc. shareholders rejected Amendment to permit officer exculpation at the 2023-05-31 meeting.
  - Proposal: charter amendment
  - Outcome: failed
  - Meeting: 2023-05-31
  source text: As a result, the Company’s stockholders did not approve the Officer Exculpation Amendment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm
- Shareholder Votes
  Wheels Up Experience Inc. shareholders approved Election of four Class II directors at the 2023-05-31 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-31
  source text: The Annual Meeting of the Company was held on May 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm
- Shareholder Votes
  Wheels Up Experience Inc. shareholders approved Non-binding advisory vote on named executive officer compensation at the 2023-05-31 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-31
  source text: As a result, the stockholders approved the non-binding, advisory vote on named executive compensation for the fiscal year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm
- Shareholder Votes
  Wheels Up Experience Inc. shareholders approved Ratification of Grant Thornton LLP as independent registered public accounting firm at the 2023-05-31 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-31
  source text: As a result, the Company’s stockholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm
- Shareholder Votes
  Wheels Up Experience Inc. shareholders approved Amended and Restated 2021 Long-Term Incentive Plan at the 2023-05-31 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-05-31
  source text: As a result, the Company’s stockholders approved the Amended and Restated 2021 LTIP.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm
- Shareholder Votes
  Wheels Up Experience Inc. shareholders rejected Amendment to adopt majority vote standard for uncontested director elections at the 2023-05-31 meeting.
  - Proposal: charter amendment
  - Outcome: failed
  - Meeting: 2023-05-31
  source text: As a result, the Company’s stockholders did not approve the Majority Vote Amendment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465923067062/0001104659-23-067062-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.