The cluster of open-market sales by the CFO and President without a corresponding 8-K or earnings filing suggests insiders may be reducing exposure ahead of Q3 results or due to macro concerns in the lending space. Monitor for any upcoming negative pre-announcement or guidance revision. The stock has rallied recently (from ~$22 in May to ~$28-31), so profit-taking is plausible, but the multi-day selling by top executives warrants caution.
Price Chart
Executive Summary
Four Upstart insiders, including the CFO and President of Capital & Enterprise, sold a total of ~$1.18M in open-market shares over a 7-day window ending August 20, 2026. While the dollar amount is modest relative to the $2.8B market cap (~0.04%), the cluster includes the CFO selling on two separate days and the President selling on three separate days, which is notable. The sales are not 10b5-1 pattern-driven based on the irregular sizes and dates, and the cluster occurs without any recent earnings or material news filing, suggesting insiders may be taking advantage of the stock's recent strength (trading near $28-31) to diversify or de-risk ahead of potential headwinds in the consumer lending environment.
Key Financial Metrics
Key Facts
- Four insiders sold a total of ~$1.18M in open-market shares over 7 days (Aug 13-20, 2026).
- CFO Andrea Blankmeyer sold on two separate days (Aug 17 & 19) for a combined ~$299K.
- President Sanjay Datta sold on three separate days (Aug 17, 19, 20) for a combined ~$626K.
- Total sales represent ~0.04% of UPST's $2.8B market cap — modest in absolute terms but notable for a concentrated insider cluster.
- No recent earnings, material agreement, or other 8-K filing accompanies this cluster, reducing the likelihood of a pre-planned 10b5-1 pattern.
Financial Impact
~$1.18M in insider sales over 7 days, representing ~0.04% of market cap
Risk Factors
- Insider sales could signal deteriorating business conditions or credit performance not yet public.
- Consumer lending headwinds (rising delinquencies, higher rates) could pressure UPST's origination volumes and margins.
- No countervailing insider buying to offset the selling cluster.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-UPST-1787351029634 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | Insider Cluster | $25.59 $25.00 | ▼ −2.31% | ▼ −2.08% | $23.02 (−10.04%) |
Aug 27, 2026 5w ago | Insider Cluster | $29.08 $28.05 | ▼ −3.54% | ▼ −3.65% | $23.02 (−20.84%) |
Aug 21, 2026 5w ago | Insider Cluster | $29.89 $28.68 | ▲ +4.05% | ▲ +4.52% | $23.02 (+22.98%) |
Aug 19, 2026 6w ago | Insider Cluster | $30.60 $30.47 | ▼ −0.42% | ▼ −0.04% | $23.02 (−24.77%) |
May 27, 2026 18w ago | Insider Cluster | $32.69 $32.27 | ▼ −1.28% | ▼ −1.60% | $23.02 (−29.58%) |
May 20, 2026 19w ago | 144 | $28.85 $32.69 | ▲ +13.31% | ▲ +11.71% | $23.02 (−20.21%) |
May 19, 2026 19w ago | 8-K | $28.08 $30.45 | ▲ +8.44% | ▲ +6.19% | $23.02 (−18.02%) |
May 18, 2026 19w ago | Insider Cluster | $28.08 $30.45 | ▲ +8.44% | ▲ +6.19% | $23.02 (−18.02%) |
May 15, 2026 19w ago | 144 | $27.94 $30.62 | ▲ +9.59% | ▲ +7.97% | $23.02 (−17.61%) |
May 7, 2026 21w ago | Insider Cluster | $29.00 $29.71 | ▲ +2.45% | ▲ +0.15% | $23.02 (−20.62%) |
US Market Status
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