$UP

$3.11 -$0.09 (2.81%) Close

$UP Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 36.3M shares outstanding

Who owns UP?

By type of holder

Institutions 81.4% Insiders 18.7% Everyone else 0.0%

Concentration Top 10 holders own 115.3%

Delta Air Lines, Inc. 36.3% · Knighthead Capital Management, LLC 35.6%

Institutional ownership

81.4%

-18.7 pts vs last qtr

Institutional holders

-36 vs last qtr

Net shares bought

−548.1M

by institutions in Q2 2026

New / sold out

19 / 55

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Militia Capital Management LLC NEW +116.2K
Vanguard Portfolio Management LLC NEW +36.2K

Biggest sellers in Q2 2026

Delta Air Lines, Inc. −250.2M
Knighthead Capital Management, LLC −245.3M

Who is planning to sell?

Notices of proposed sale, last 12 months

$169K

3 notices from 3 people

Shares covered

135.7K

0.37% of the company

Arranged in advance

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Mark Briffa Officer $107K
Meaghan Wells Officer $58.7K

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2023–FY2025

+434.1%

+131.10% a year

Each share's claim on the business

−81.3%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$2.15M vs $117M

over 3 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years0% 3–5 years48% 1–3 years51% Under 1 year1%

Quarterly turnover

47.5%

of institutional shares changed hands

Top 10 managers, median time held

3 years

Super Investors

Investment managers reporting UP on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
DA Delta Air Lines, Inc. 13D · 36.3%	13.2M	36.30%	−250.2M (−95.0%)	2023	30.3%
Shares held by quarter Peak holding263.4M (Q3'24) Change over 8 quarters−250.2M Share of the company36.300% Disclosed stake13D · 36.3% Delta Air Lines, Inc.'s full portfolio →
KC Knighthead Capital Management, LLC	12.9M	35.58%	−245.3M (−95.0%)	2023	9.8%
Shares held by quarter Peak holding258.2M (Q4'24) Change over 8 quarters−245.2M Share of the company35.580% Knighthead Capital Management, LLC's full portfolio →

Delta Air Lines, Inc.

13D · 36.3%

13.2M

% of company

36.30%

Change vs last qtr

−250.2M (−95.0%)

Held since

2023

Knighthead Capital Management, LLC

12.9M

% of company

35.58%

Change vs last qtr

−245.3M (−95.0%)

Held since

2023

28 more super investors behind a free account

See every manager holding Wheels Up Experience Inc., how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting UP on Form N-PORT; together they hold 1.9% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$1.48M	164.9K	0.45%	0.00%	June 30, 2026
IR iShares Russell 2000 ETF iShares Trust	$1.13M	126.4K	0.35%	0.00%	June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$1.48M

% of company

0.45%

% of the fund

0.00%

As of

June 30, 2026

iShares Russell 2000 ETF

iShares Trust

Position value

$1.13M

% of company

0.35%

% of the fund

0.00%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Wheels Up Experience Inc. and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
CW CK Wheels LLC Insider	12.9M	35.45%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company35.450% CK Wheels LLC's insider activity →

CK Wheels LLC

Insider

12.9M

% of company

35.45%

Change vs last qtr

—

Held since

—

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