Upstart Executive Sanjay Datta Sells 18,945 Company Shares Worth Approximately $566,000 to Fulfill Tax Obligations
Sanjay Datta, President of Capital and Enterprise at Upstart Holdings (NASDAQ:UPST), sold 18,945 shares of common stock on August 19 and August 20, totaling approximately $566,000. This sale was non-discretionary and was conducted to satisfy tax obligations, typically indicating routine portfolio management rather than a change in outlook for the company's prospects. Following this transaction, Datta still directly holds 292,578 shares of stock. As of the close of trading on August 20, Upstart's stock price was $28.86, having fallen approximately 55% over the past 12 months.
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