secwatch.observer — SEC 8-K summary
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Issuer:     Upstart Holdings, Inc. (UPST)
CIK:        0001647639
Form:       8-K
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0001647639-22-000070
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upstart amends severance policy to provide up to 12 months pay for executives outside change in control
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- Amended policy covers NEOs Girouard, Datta, Gu, Counselman and other VP+ employees.
- Provides up to 12 months base salary and COBRA premiums for qualified termination outside change in control.
- Effective December 5, 2022; prior policy only provided benefits within a change in control period.
- Also filed certificate of change for Delaware registered agent and amended bylaws (procedural).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647639/000164763922000070/0001647639-22-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647639/000164763922000070/upst-20221116.htm
  HTML page:      https://secwatch.observer/filing/0001647639-22-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer