Wheels up chief growth officer Wells sells $58k in stock

Published 08/11/2025, 02:10
© Reuters.

Wheels Up Experience (NYSE:UP) Chief Growth Officer Meaghan Danielle Wells sold 47,931 shares of the company’s Class A Common Stock on November 7, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $1.22, with prices ranging from $1.21 to $1.25, for a total transaction value of $58,475.

Following the transaction, Wells directly owns 526,681 shares of Wheels Up Experience Inc.

In other recent news, Wheels Up Experience Inc. reported the divestment of three non-core businesses for approximately $20 million, excluding transaction expenses. This move is part of the company’s ongoing strategy to streamline operations and enhance profitability. Additionally, Wheels Up has introduced a new Signature Membership program, which guarantees nationwide access to its fleet of Phenom 300 and Challenger 300 series aircraft. The program requires a monthly fee and a minimum $200,000 pre-paid deposit, offering members guaranteed availability and recovery services throughout the United States and a 225-mile radius beyond the coastline.

In another development, major investors in Wheels Up, including Delta Air Lines, CK Wheels LLC, and Cox Investment Holdings, LLC, have agreed to extend the lock-up restriction on their shares for an additional eight months. This extension means these strategic investors will hold approximately 85% of the company’s outstanding shares until May 22, 2026. These recent developments highlight Wheels Up’s efforts to refine its business model and secure investor commitment.

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