Darling Scott, Chief Legal Officer of Upstart Holdings (UPST), has demonstrated a consistent pattern of selling activity in the company’s stock over the past year, with no recent purchases recorded. According to SEC Form 4 filings, Scott executed 36 transactions in UPST shares since August 2025, all but one involving sales. The total sell value during this period amounted to $3.41 million, dwarfing the $443,716 in buy activity, which appears concentrated in earlier transactions. Recent filings show a steady liquidation of holdings, including a $193,394 sale on February 20, 2026, a $369,600 transaction on December 12, 2025, and a $277,654 disposition on September 3, 2025. Smaller but frequent sales—such as $11,798 on February 20, 2026, and $14,810 on November 20, 2025—suggest an ongoing divestment strategy rather than isolated disposals.
The transactions often coincide with equity award dispositions (coded "M") and open-market sales (coded "S"), with no new equity acquisitions reported in 2026. Notably, Scott’s selling activity has accelerated in recent months, with 12 sales since December 2025 alone, including multiple transactions in single days. While the sales represent a significant reduction in exposure to UPST, the pattern aligns with typical executive stock diversification rather than abrupt exits. The absence of buys since at least August 2025 underscores a one-way flow, though the retained holdings—evidenced by ongoing sales—indicate Scott maintains a material stake in the company. All figures reflect reported SEC data without adjustments for subsequent price movements or unexercised derivatives.
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