Upstart Holdings, Inc.: management transactions · United States · SEC (Form 4)

About Upstart Holdings, Inc.

Upstart Holdings, Inc. is a United States-based financial technology company listed on the NASDAQ. Founded in 2012 and reorganized into a holding company in December 2013, Upstart has built an AI-driven lending marketplace that connects consumers with bank and credit-union partners. The company says more than 100 financial institutions use Upstart’s proprietary machine-learning models and cloud applications to originate credit products more efficiently. Its headquarters are in San Mateo, California. ([upstart.com](https://www.upstart.com/about?utm_source=openai)) Upstart’s core business is not traditional balance-sheet lending in the classic bank sense, but a technology-enabled credit platform. It monetizes loan originations and related software/services while applying proprietary underwriting models to assess borrower risk. The platform currently spans personal loans, automotive retail and refinance loans, home equity lines of credit, and small-dollar relief loans. The company has also introduced Cash Line, a revolving line of credit, signaling a gradual broadening of its product set beyond unsecured consumer lending. ([upstart.com](https://www.upstart.com/about?utm_source=openai)) From a competitive standpoint, Upstart differentiates itself through artificial intelligence and automation. Management emphasizes that its models can predict default and prepayment risk at a more granular level than traditional score-based approaches, while enabling a high share of fully automated loan decisions. For investors, that makes Upstart a hybrid exposure: part fintech infrastructure, part consumer credit marketplace, and part AI software story. The upside is operating leverage and product expansion; the downside is sensitivity to credit cycles, funding conditions, and partner demand. ([upstart.com](https://www.upstart.com/about?utm_source=openai)) Geographically, the company remains primarily focused on the United States, its home market. That domestic concentration simplifies the regulatory picture relative to a global lender, but it also ties performance closely to U.S. macroeconomic conditions, interest rates, consumer credit health, and bank-partner appetite for originations. Upstart positions its mission as expanding access to affordable and inclusive credit for American consumers and small businesses. ([upstart.com](https://www.upstart.com/about?utm_source=openai)) Recent corporate developments have been material. In February 2026, Upstart reported full-year 2025 results and highlighted strong growth in originations and revenue, along with a return to sustained profitability according to management commentary. The company also announced a leadership transition: co-founder and CTO Paul Gu is scheduled to become CEO on May 1, 2026, while co-founder Dave Girouard will become Executive Chairman. In addition, Upstart launched a public monthly origination dashboard for investors, reflecting a stronger disclosure posture. Recent SEC Form 4 filings further indicate ongoing insider transaction activity around UPST. ([ir.upstart.com](https://ir.upstart.com/news-releases/news-release-details/upstart-announces-fourth-quarter-and-full-year-2025-results/?utm_source=openai))