---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-075336"
form_type: "8-K/A"
ticker: "UP"
cik: "0001819516"
company_name: "Wheels Up Experience Inc."
filed_at: "2023-06-27T23:59:59+00:00"
generated_at: "2026-06-13T16:29:05.596394+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Wheels Up discloses consulting agreement with Executive Chairman Ravi Thakran

## Summary
- Monthly fee of $55,417 (annual $665,000); eligible for annual bonus target of 100% of fee.
- One-time RSU award of 160,000 shares vesting equally on May 9, 2024 and May 9, 2025.
- Additional perks: 50 flight hours on King Air 350i and up to $800/night NYC hotel reimbursement.
- Agreement effective retroactively from May 9, 2023 until day before 2024 annual meeting.
- Contract is independent contractor arrangement; Company retains ability to terminate for cause.

## SEC filing metadata
- accession: 0001104659-23-075336
- form_type: 8-K/A
- ticker: UP
- cik: 0001819516
- company_name: Wheels Up Experience Inc.
- filed_at: 2023-06-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819516/000110465923075336/0001104659-23-075336-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819516/000110465923075336/tm2319690d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-075336
- JSON: https://secwatch.observer/filing/0001104659-23-075336.json
- Plain text: https://secwatch.observer/filing/0001104659-23-075336.txt

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