<SEC-DOCUMENT>0001104659-26-021762.txt : 20260227
<SEC-HEADER>0001104659-26-021762.hdr.sgml : 20260227
<ACCEPTANCE-DATETIME>20260227200433
ACCESSION NUMBER:		0001104659-26-021762
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20260225
FILED AS OF DATE:		20260227
DATE AS OF CHANGE:		20260227

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Holtz David L
		CENTRAL INDEX KEY:			0002010869
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39541
		FILM NUMBER:		26702905

	MAIL ADDRESS:	
		STREET 1:		601 WEST 26TH STREET
		STREET 2:		SUITE 900
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Wheels Up Experience Inc.
		CENTRAL INDEX KEY:			0001819516
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR TRANSPORTATION, NONSCHEDULED [4522]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				981617611
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2135 AMERICAN WAY
		CITY:			CHAMBLEE
		STATE:			GA
		ZIP:			30341
		BUSINESS PHONE:		1-855-359-8760

	MAIL ADDRESS:	
		STREET 1:		2135 AMERICAN WAY
		CITY:			CHAMBLEE
		STATE:			GA
		ZIP:			30341

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Aspirational Consumer Lifestyle Corp.
		DATE OF NAME CHANGE:	20200729
</SEC-HEADER>
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<SEQUENCE>1
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<DESCRIPTION>OWNERSHIP DOCUMENT
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    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2026-02-25</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001819516</issuerCik>
        <issuerName>Wheels Up Experience Inc.</issuerName>
        <issuerTradingSymbol>UP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002010869</rptOwnerCik>
            <rptOwnerName>Holtz David L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O WHEELS UP EXPERIENCE INC.</rptOwnerStreet1>
            <rptOwnerStreet2>2135 AMERICAN WAY</rptOwnerStreet2>
            <rptOwnerCity>CHAMBLEE</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30341</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Operating Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

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                <value>Class A Common Stock, par value $0.0001 per share</value>
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            <transactionDate>
                <value>2026-02-25</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
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            <transactionAmounts>
                <transactionShares>
                    <value>721154</value>
                    <footnoteId id="F1"/>
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                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1627695</value>
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                    <value>D</value>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock, par value $0.0001 per share</value>
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            <transactionAmounts>
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                    <value>3159</value>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.66</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1624536</value>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock, par value $0.0001 per share</value>
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            <transactionDate>
                <value>2026-02-26</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
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                    <value>35387</value>
                    <footnoteId id="F3"/>
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                <transactionPricePerShare>
                    <value>0.66</value>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
                    <value>1589149</value>
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    <footnotes>
        <footnote id="F1">Represents a grant of restricted stock units (&quot;RSUs&quot;) under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, as amended and restated April 1, 2023 (as amended by Amendment No. 1 thereto, effective April 15, 2024, and Amendment No. 2 thereto, effective March 26, 2025, the &quot;A&amp;R 2021 LTIP&quot;), pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934, as amended. The RSUs will be settled in shares of the Class A common stock, par value $0.0001 per share (&quot;Common Stock&quot;), of Wheels Up Experience Inc. (the &quot;Issuer&quot;) upon vesting, if at all. The RSUs will vest as follows: (i) 1/4th of the RSUs will vest on February 25, 2027; and (ii) the remaining RSUs will vest in 12 equal quarterly installments commencing May 25, 2027, in each case subject to the Reporting Person's continued service to the Issuer.</footnote>
        <footnote id="F2">Represents shares of Common Stock that were withheld for the payment of tax liability arising as a result of the vesting of RSUs granted under the A&amp;R 2021 LTIP, which were originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission (&quot;SEC&quot;) on June 7, 2024.</footnote>
        <footnote id="F3">Represents shares of Common Stock that were withheld for the payment of tax liability arising as a result of the vesting of RSUs granted under the A&amp;R 2021 LTIP, which were originally reported by the Reporting Person in a Form 4/A filed with the SEC on March 14, 2025.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Mark Sorensen as attorney-in-fact for David L Holtz</signatureName>
        <signatureDate>2026-02-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
