The CEO's open-market buy is a rare and strong signal, but the President's concurrent sale creates ambiguity. Given UPST's 100% T+20 win rate on prior insider cluster reports, the CEO buy may dominate. Watch for additional insider filings in the next 2 weeks to confirm direction. The stock's 62% analyst bullish consensus supports a positive read-through on the CEO purchase.
Price Chart
Executive Summary
Upstart Holdings saw a mixed insider cluster with CEO Paul Gu buying $1.28M in open-market shares on Sept 10, while President Sanjay Datta sold $3.17M on Sept 8 after exercising options. The CEO's purchase is a strong bullish signal, but the President's larger sale creates a conflicting read, though the sale is partially liquidity-driven from option exercises. The net direction is mixed, but the CEO buy carries disproportionate weight per the insider-buy literature, especially given UPST's strong historical T+20 performance on prior calls.
Key Financial Metrics
Key Facts
- CEO Paul Gu purchased 50,000 shares at $25.55 for $1.28M on Sept 10
- President Sanjay Datta sold 116,000 shares at $27.29 for $3.17M on Sept 8
- Datta also exercised 300,000 options at $0 and 300,000 at $1.35 on Sept 8 (non-cash)
- Total cluster value is $4.44M, representing ~0.18% of UPST's $2.5B market cap
- Prior UPST insider cluster reports have a 100% T+20 win rate with +9.22% avg return
Financial Impact
CEO purchase of $1.28M is 0.05% of market cap; President sale of $3.17M is 0.13% of market cap; combined 0.18% is modest
Risk Factors
- President Datta's $3.17M sale could indicate insider caution despite CEO buy
- The sale is partially liquidity-driven from option exercises, reducing its bearish signal
- Insider cluster value is only 0.18% of market cap, limiting materiality
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-1789082043003 |
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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