---
schema_version: "secwatch.filing_event.v1"
accession: "0001647639-23-000027"
form_type: "8-K"
ticker: "UPST"
cik: "0001647639"
company_name: "Upstart Holdings, Inc."
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T15:26:25.905753+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Upstart cancels 687,500-share performance RSU for CTO Paul Gu; reinstates cash comp

## Summary
- Compensation Committee cancelled Paul Gu's performance-based RSU award of 687,500 shares granted Feb 2022.
- Award was intended as primary compensation through 2029; Gu's cash comp was limited to benefits only.
- In exchange, Gu receives annual salary of $425,000 and eligibility for 2023 Executive Bonus Plan with 75% target bonus.
- Committee determined award no longer provided intended retention and incentive value after consulting advisors.

## SEC filing metadata
- accession: 0001647639-23-000027
- form_type: 8-K
- ticker: UPST
- cik: 0001647639
- company_name: Upstart Holdings, Inc.
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647639/000164763923000027/0001647639-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647639/000164763923000027/upst-20230224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001647639-23-000027
- JSON: https://secwatch.observer/filing/0001647639-23-000027.json
- Plain text: https://secwatch.observer/filing/0001647639-23-000027.txt

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