---
schema_version: "secwatch.filing_event.v1"
accession: "0001647639-22-000011"
form_type: "8-K"
ticker: "UPST"
cik: "0001647639"
company_name: "Upstart Holdings, Inc."
filed_at: "2022-02-23T23:59:59+00:00"
generated_at: "2026-06-27T05:31:14.071505+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Upstart grants co-founder Paul Gu 7-year performance RSU award targeting stock price up to $616

## Summary
- Max 687,500 RSUs; vesting tied to stock price targets from $166 (14.7% above reference) to $616 (4.25x reference).
- Only 21.4% of RSUs earnable if stock stays below $347; full vesting requires $616 avg over 60 days.
- Cash compensation will be reduced to minimum for broad-based benefits; award is primary compensation for 7 years.
- First measurement date Jan 1, 2027; cumulative vesting caps of 275k RSUs (5yr) and 550k (6yr) before final date.
- Protection events (death, disability, constructive termination) allow prorated vesting with caps (275k before 2027, 550k before 2028).

## SEC filing metadata
- accession: 0001647639-22-000011
- form_type: 8-K
- ticker: UPST
- cik: 0001647639
- company_name: Upstart Holdings, Inc.
- filed_at: 2022-02-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647639/000164763922000011/0001647639-22-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647639/000164763922000011/upst-20220218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001647639-22-000011
- JSON: https://secwatch.observer/filing/0001647639-22-000011.json
- Plain text: https://secwatch.observer/filing/0001647639-22-000011.txt

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