{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-065562","form_type":"8-K/A","ticker":"UP","cik":"0001819516","company_name":"Wheels Up Experience Inc.","filed_at":"2026-10-09T21:27:20+00:00","discovered_at":"2026-10-09T21:28:00.203446+00:00","generated_at":"2026-10-12T13:13:46.958000+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Wheels Up amends 2Q26 earnings materials; FY2025 Adjusted EBITDA restated to -$95.1M from -$43.5M","bullets":["FY2025 Adjusted EBITDA (updated definition) revised to -$95.1M from -$43.5M as previously reported; FY2024 revised to -$119.2M from -$117.9M.","Q4 2025 Adjusted EBITDA swings to -$6.3M from +$32.9M, driven by a $39.3M gain on sale of aircraft held for sale added as a reconciliation adjustment.","Company says errors came from 'Loss on extinguishment of debt' deducted rather than added, and from double-counting amounts already in Q4/FY2024 'Fleet modernization expense'.","Adjusted EBITDAR (updated definition) for FY2025 revised to -$78.3M from -$26.7M; FY2024 revised to -$85.9M from -$84.6M.","The 2Q 2026 Form 10-Q is not being amended; Wheels Up states the Q2 2026 unaudited financial statements and non-GAAP measures are unaffected."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-065562","json":"https://secwatch.observer/filing/0001628280-26-065562.json","markdown":"https://secwatch.observer/filing/0001628280-26-065562.md","text":"https://secwatch.observer/filing/0001628280-26-065562.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819516/000162828026065562/0001628280-26-065562-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819516/000162828026065562/up-20260731.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T13:13:46.958000+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}