UP

SEC source: 0001104659-21-117844 · tm2128116-10_4seq1.xml · nonDerivative · entry 1

Bergeson Thomas William · CIK 0001872378 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 258,735

F1 · shares: Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in three equal installments on September 17, 2022, September 17, 2023 and September 17, 2024, subject to the Reporting Person's continued service to the Issuer.

SEC source: 0001104659-21-117838 · tm2128116-7_4seq1.xml · nonDerivative · entry 1

Schuman Susan · CIK 0001753241 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,500

F1 · shares: Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc upon vesting. The RSUs will vest in full upon the earlier to occur of (i) September 17, 2022 or (ii) the date of the next annual meeting of stockholders of the Company following September 17, 2021, in each case subject to the Reporting Person's continued service to the Issuer.

SEC source: 0001104659-21-117820 · tm2128116-2_4seq1.xml · nonDerivative · entry 1

Armstrong Timothy M · CIK 0001476604 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,500

F1 · shares: Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in full upon the earlier to occur of (i) September 17, 2022 or (ii) the date of the next annual meeting of stockholders of the Company following September 17, 2021, in each case subject to the Reporting Person's continued service to the Issuer.

SEC source: 0001104659-21-117841 · tm2128116-9_4seq1.xml · nonDerivative · entry 1

Applbaum Lee D. · CIK 0001446638 · Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 161,709

F1 · shares: Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in three equal installments on September 17, 2022, September 17, 2023 and September 17, 2024, subject to the Reporting Person's continued service to the Issuer.

SEC source: 0001104659-21-117818 · tm2128116-1_4seq1.xml · nonDerivative · entry 1

Adelman David J. · CIK 0001438262 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,500

F1 · shares: Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in full upon the earlier to occur of (i) September 17, 2022 or (ii) the date of the next annual meeting of stockholders of the Company following September 17, 2021, in each case subject to the Reporting Person's continued service to the Issuer.

SEC source: 0001104659-21-117836 · tm2128116-6_4seq1.xml · nonDerivative · entry 1

Radecki Brian J · CIK 0001402193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 104,390

F1 · shares: Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in full upon the earlier to occur of (i) September 17, 2022 or (ii) the date of the next annual meeting of stockholders of the Company following September 17, 2021, in each case subject to the Reporting Person's continued service to the Issuer.

SEC source: 0001104659-21-117823 · tm2128116-3_4seq1.xml · nonDerivative · entry 1

Cheung Chih T · CIK 0001308122 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,500

F1 · shares: Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in full upon the earlier to occur of (i) September 17, 2022 or (ii) the date of the next annual meeting of stockholders of the Company following September 17, 2021, in each case subject to the Reporting Person's continued service to the Issuer.

SEC source: 0001104659-21-117850 · tm2128116-14_4seq1.xml · nonDerivative · entry 1

Jacobs Eric Douglas · CIK 0001342332 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,524,813

F1 · shares: Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in three equal installments on September 17, 2022, September 17, 2023 and September 17, 2024, subject to the Reporting Person's continued service to the Issuer.

SEC source: 0001104659-21-117835 · tm2128116-5_4seq1.xml · nonDerivative · entry 1

Mullen Michael G · CIK 0001567949 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,500

F1 · shares: Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in full upon the earlier to occur of (i) September 17, 2022 or (ii) the date of the next annual meeting of stockholders of the Company following September 17, 2021, in each case subject to the Reporting Person's continued service to the Issuer.

SEC source: 0001104659-21-117846 · tm2128116-11_4seq1.xml · nonDerivative · entry 2

Hegde Vinayak · CIK 0001698764 · Chief Marketplace Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 719,127

F2 · shares: Represents a grant of RSUs, which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest as follows: 1/6th will vest on November 5, 2021, while the remaining RSUs will vest and become exercisable in 10 equal quarterly installments of 1/12th of the RSUs each, commencing on February 5, 2022, subject to the Reporting Person's continued service to the Issuer.

SEC source: 0001104659-21-117846 · tm2128116-11_4seq1.xml · nonDerivative · entry 1

Hegde Vinayak · CIK 0001698764 · Chief Marketplace Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 258,735

F1 · shares: Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in three equal installments on September 17, 2022, September 17, 2023 and September 17, 2024, subject to the Reporting Person's continued service to the Issuer.

SEC source: 0001104659-21-117849 · tm2128116-13_4seq1.xml · nonDerivative · entry 1

Horowitz Jason Kanter · CIK 0001872750 · Chief Business Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,111,493

F1 · shares: Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in three equal installments on September 17, 2022, September 17, 2023 and September 17, 2024, subject to the Reporting Person's continued service to the Issuer.

SEC source: 0001104659-21-117839 · tm2128116-8_4seq1.xml · nonDerivative · entry 1

Thakran Ravi · CIK 0001825608 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,763,504

F1 · shares: Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in full upon the earlier to occur of (i) September 17, 2022 or (ii) the date of the next annual meeting of stockholders of the Company following September 17, 2021, in each case subject to the Reporting Person's continued service to the Issuer.

F2 · balance_after: Direct holdings by the Reporting Person prior to the transaction reported herein were 1,746,004 shares, which were previously inadvertently reported as 1,764,004 shares due to a typographical error.

SEC source: 0001104659-21-112719 · tm2126942d1_4.xml · nonDerivative · entry 1

Armstrong Timothy M · CIK 0001476604 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by Armstrong Family Investment, LLC

Disclosed balance after: 9,000

F1 · price: This price is a weighted average price. These shares ("Shares") of Class A Common Stock of Wheels Up Experience Inc. were purchased in multiple transactions at prices ranging from $7.50 to $7.68, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares sold at each separate price within the ranges set forth in this explanatory note.

F2 · ownership.nature: The 9,000 shares of Class A Common Stock being reported on this Form 4 are held indirectly through Armstrong Family Investment, LLC, an entity controlled by the Reporting Person.

SEC source: 0001104659-21-112715 · tm2126942d2_4.xml · nonDerivative · entry 1

Adelman David J. · CIK 0001438262 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by Darco Capital LP

Disclosed balance after: 100,000

F1 · price: This price is a weighted average price. These shares ("Shares") of Class A Common Stock of Wheels Up Experience Inc. were purchased in multiple transactions at prices ranging from $7.39 to $7.71, inclusive. The reporting person has provided to the Issuer, and undertakes to provide any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares sold at each separate price within the ranges set forth in this explanatory note.

F2 · ownership.nature: The 100,000 Shares of Class A Common Stock being reported on this Form 4 are held indirectly through Darco Capital LP, an entity controlled by the Reporting Person.

SEC source: 0001104659-21-092710 · tm2122254-5_4seq1.xml · derivative · entry 6

Dichter Kenneth H · CIK 0001872388 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by Immediate Family Member

Disclosed balance after: 4,603

Underlying: Class A Common Stock, par value $0.0001 per share · 4,603 shares

Expires not disclosed

F3 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F8 · derivative.exercise_price: The Profits Interests (Series 1) fully vested as of November 3, 2017, and have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged. The Profits Interests (Series 1) have a hurdle amount equal to $2.18 per interest.

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F8 · derivative.exercise_date: The Profits Interests (Series 1) fully vested as of November 3, 2017, and have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged. The Profits Interests (Series 1) have a hurdle amount equal to $2.18 per interest.

F8 · derivative.expiration_date: The Profits Interests (Series 1) fully vested as of November 3, 2017, and have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged. The Profits Interests (Series 1) have a hurdle amount equal to $2.18 per interest.

F9 · ownership.nature: The Profits Interests (Series 1) are held of record by an immediate family member of the Reporting Person.

SEC source: 0001104659-21-092710 · tm2122254-5_4seq1.xml · derivative · entry 5

Dichter Kenneth H · CIK 0001872388 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,601,450

Underlying: Class A Common Stock, par value $0.0001 per share · 6,601,450 shares

Expires not disclosed

F3 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F7 · derivative.exercise_price: 25% of the Profits Interests (Series 10) vested on April 30, 2021, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on January 11, 2022 and January 11, 2023. The vested Profits Interests (Series 10) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 4) have a hurdle amount equal to $7.56 per interest.

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F7 · derivative.exercise_date: 25% of the Profits Interests (Series 10) vested on April 30, 2021, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on January 11, 2022 and January 11, 2023. The vested Profits Interests (Series 10) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 4) have a hurdle amount equal to $7.56 per interest.

F7 · derivative.expiration_date: 25% of the Profits Interests (Series 10) vested on April 30, 2021, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on January 11, 2022 and January 11, 2023. The vested Profits Interests (Series 10) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 4) have a hurdle amount equal to $7.56 per interest.

SEC source: 0001104659-21-092710 · tm2122254-5_4seq1.xml · derivative · entry 4

Dichter Kenneth H · CIK 0001872388 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 115,098

Underlying: Class A Common Stock, par value $0.0001 per share · 115,098 shares

Expires not disclosed

F3 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F6 · derivative.exercise_price: 25% of the Profits Interests (Series 8) vested on July 16, 2020, 50% vested as of July 13, 2021, and the remaining 25% will vest in on March 29, 2022. The vested Profits Interests (Series 8) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 8) have a hurdle amount equal to $7.56 per interest.

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F6 · derivative.exercise_date: 25% of the Profits Interests (Series 8) vested on July 16, 2020, 50% vested as of July 13, 2021, and the remaining 25% will vest in on March 29, 2022. The vested Profits Interests (Series 8) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 8) have a hurdle amount equal to $7.56 per interest.

F6 · derivative.expiration_date: 25% of the Profits Interests (Series 8) vested on July 16, 2020, 50% vested as of July 13, 2021, and the remaining 25% will vest in on March 29, 2022. The vested Profits Interests (Series 8) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 8) have a hurdle amount equal to $7.56 per interest.

SEC source: 0001104659-21-092710 · tm2122254-5_4seq1.xml · derivative · entry 3

Dichter Kenneth H · CIK 0001872388 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,836,080

Underlying: Class A Common Stock, par value $0.0001 per share · 1,836,080 shares

Expires not disclosed

F3 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F5 · derivative.exercise_price: 50% of the Profits Interests (Series 7A) vested in equal installments on April 30, 2020 and April 30, 2021, 25% vested as of July 13, 2021, and the remaining 25% will vest in on January 12, 2022. The vested Profits Interests (Series 7A) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 7A) have a hurdle amount equal to $7.04 per interest.

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F5 · derivative.exercise_date: 50% of the Profits Interests (Series 7A) vested in equal installments on April 30, 2020 and April 30, 2021, 25% vested as of July 13, 2021, and the remaining 25% will vest in on January 12, 2022. The vested Profits Interests (Series 7A) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 7A) have a hurdle amount equal to $7.04 per interest.

F5 · derivative.expiration_date: 50% of the Profits Interests (Series 7A) vested in equal installments on April 30, 2020 and April 30, 2021, 25% vested as of July 13, 2021, and the remaining 25% will vest in on January 12, 2022. The vested Profits Interests (Series 7A) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 7A) have a hurdle amount equal to $7.04 per interest.

SEC source: 0001104659-21-092710 · tm2122254-5_4seq1.xml · derivative · entry 2

Dichter Kenneth H · CIK 0001872388 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 460,392

Underlying: Class A Common Stock, par value $0.0001 per share · 460,392 shares

Expires not disclosed

F3 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F4 · derivative.exercise_price: The Profits Interests (Series 4) fully vested as of September 11, 2019, and have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged. The Profits Interests (Series 4) have a hurdle amount equal to $5.49 per interest.

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F4 · derivative.exercise_date: The Profits Interests (Series 4) fully vested as of September 11, 2019, and have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged. The Profits Interests (Series 4) have a hurdle amount equal to $5.49 per interest.

F4 · derivative.expiration_date: The Profits Interests (Series 4) fully vested as of September 11, 2019, and have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged. The Profits Interests (Series 4) have a hurdle amount equal to $5.49 per interest.

SEC source: 0001104659-21-092710 · tm2122254-5_4seq1.xml · nonDerivative · entry 1

Dichter Kenneth H · CIK 0001872388 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,018,050

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F2 · shares: Includes 2,365,018 restricted shares of Class A Common Stock. All shares of restricted stock will fully vest upon the later to occur of (i) six months after July 13, 2021 and (ii) 30 days following the expiration of the lock-up period applicable to the Reporting Person.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

SEC source: 0001104659-21-092714 · tm2122254-7_4seq1.xml · derivative · entry 1

Heltebran Laura · CIK 0001872261 · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 460,392

Underlying: Class A Common Stock, par value $0.0001 per share · 460,392 shares

Expires not disclosed

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F2 · derivative.exercise_date: 25% of the shares subject to the stock option vested as of the closing of the Business Combination, and the remaining 75% will vest in equal installments on September 12, 2021, September 12, 2022 and September 12, 2023. The stock option will expire on December 31, 2030.

F2 · derivative.expiration_date: 25% of the shares subject to the stock option vested as of the closing of the Business Combination, and the remaining 75% will vest in equal installments on September 12, 2021, September 12, 2022 and September 12, 2023. The stock option will expire on December 31, 2030.

SEC source: 0001104659-21-092723 · tm2122254-10_4seq1.xml · derivative · entry 1

Molinari Francesca · CIK 0001872304 · Chief People Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 345,294

Underlying: Class A Common Stock, par value $0.0001 per share · 345,294 shares

Expires not disclosed

F1 · kind: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F2 · derivative.exercise_date: 25% of the shares subject to the stock option vested as of the closing of the Business Combination, and the remaining 75% will vest in equal installments on September 12, 2021, September 12, 2022 and September 12, 2023.

F2 · derivative.expiration_date: 25% of the shares subject to the stock option vested as of the closing of the Business Combination, and the remaining 75% will vest in equal installments on September 12, 2021, September 12, 2022 and September 12, 2023.

SEC source: 0001104659-21-092709 · tm2122254-4_4seq1.xml · derivative · entry 1

Bergeson Thomas William · CIK 0001872378 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 805,686

Underlying: Class A Common Stock, par value $0.0001 per share · 805,686 shares

Expires not disclosed

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F2 · derivative.exercise_date: 50% of the shares subject to the stock option vested and became exercisable as of the closing of the Business Combination, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire as of October 13, 2030.

F2 · derivative.expiration_date: 50% of the shares subject to the stock option vested and became exercisable as of the closing of the Business Combination, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire as of October 13, 2030.

SEC source: 0001104659-21-092727 · tm2122254-13_4seq1.xml · derivative · entry 1

Schuman Susan · CIK 0001753241 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,529

Underlying: Class A Common Stock, par value $0.0001 per share · 34,529 shares

Expires not disclosed

F1 · kind: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F2 · derivative.exercise_date: 50% of the shares subject to the stock option vested and became exercisable as of the closing of the Business Combination, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire on October 13, 2030.

F2 · derivative.expiration_date: 50% of the shares subject to the stock option vested and became exercisable as of the closing of the Business Combination, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire on October 13, 2030.

SEC source: 0001104659-21-092621 · tm2122254-17_4.xml · derivative · entry 2

Newman Frank N · CIK 0001692580 · FORMER DIRECTOR

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 25,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: On July 13, 2021, Aspirational Consumer Lifestyle Corp. ("ASPL" and the former name of the Issuer) consummated its initial business combination (the "Business Combination") with Wheels Up Partners Holdings LLC. In connection with the consummation of the Business Combination, each share of Class B ordinary share, par value $0.0001 per share, of ASPL automatically converted into one share of the Issuer's Class A common stock, par value $0.0001 per share.

F1 · derivative.exercise_date: On July 13, 2021, Aspirational Consumer Lifestyle Corp. ("ASPL" and the former name of the Issuer) consummated its initial business combination (the "Business Combination") with Wheels Up Partners Holdings LLC. In connection with the consummation of the Business Combination, each share of Class B ordinary share, par value $0.0001 per share, of ASPL automatically converted into one share of the Issuer's Class A common stock, par value $0.0001 per share.

F1 · derivative.expiration_date: On July 13, 2021, Aspirational Consumer Lifestyle Corp. ("ASPL" and the former name of the Issuer) consummated its initial business combination (the "Business Combination") with Wheels Up Partners Holdings LLC. In connection with the consummation of the Business Combination, each share of Class B ordinary share, par value $0.0001 per share, of ASPL automatically converted into one share of the Issuer's Class A common stock, par value $0.0001 per share.

SEC source: 0001104659-21-092621 · tm2122254-17_4.xml · nonDerivative · entry 1

Newman Frank N · CIK 0001692580 · FORMER DIRECTOR

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: On July 13, 2021, Aspirational Consumer Lifestyle Corp. ("ASPL" and the former name of the Issuer) consummated its initial business combination (the "Business Combination") with Wheels Up Partners Holdings LLC. In connection with the consummation of the Business Combination, each share of Class B ordinary share, par value $0.0001 per share, of ASPL automatically converted into one share of the Issuer's Class A common stock, par value $0.0001 per share.

SEC source: 0001104659-21-092708 · tm2122254-3_4seq1.xml · derivative · entry 4

Armstrong Timothy M · CIK 0001476604 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 69,058

Underlying: Class A Common Stock, par value $0.0001 per share · 69,058 shares

Expires not disclosed

F5 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F6 · derivative.exercise_price: 25% of the Profits Interests (Series 9) vested on December 11, 2020, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on August 23, 2021 and August 23, 2022. The vested Profits Interests (Series 9) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 9) have a hurdle amount equal to $7.56 per interest.

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F6 · derivative.exercise_date: 25% of the Profits Interests (Series 9) vested on December 11, 2020, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on August 23, 2021 and August 23, 2022. The vested Profits Interests (Series 9) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 9) have a hurdle amount equal to $7.56 per interest.

F6 · derivative.expiration_date: 25% of the Profits Interests (Series 9) vested on December 11, 2020, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on August 23, 2021 and August 23, 2022. The vested Profits Interests (Series 9) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 9) have a hurdle amount equal to $7.56 per interest.

SEC source: 0001104659-21-092708 · tm2122254-3_4seq1.xml · derivative · entry 3

Armstrong Timothy M · CIK 0001476604 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,039

Underlying: Class A Common Stock, par value $0.0001 per share · 46,039 shares

Expires not disclosed

F1 · security: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · date: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F4 · derivative.exercise_date: 50% of the shares subject to the stock option vested and became exercisable as of the closing of the Business Combination, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire as of November 13, 2030.

F4 · derivative.expiration_date: 50% of the shares subject to the stock option vested and became exercisable as of the closing of the Business Combination, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire as of November 13, 2030.

SEC source: 0001104659-21-092708 · tm2122254-3_4seq1.xml · nonDerivative · entry 2

Armstrong Timothy M · CIK 0001476604 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by Polar Capital Group, LLC

Disclosed balance after: 1,007,710

F3 · timeliness: As previously disclosed, on February 1, 2021, the Issuer entered into subscription agreements with certain investors (the "PIPE investors") pursuant to which such investors agreed to purchase, substantially concurrently with the closing of the Business Combination, an aggregate of $550,000,000 of the Issuer's shares of Class A Common Stock at a price of $10.00 per share, or an aggregate of 55,000,000 shares of Class A Common Stock. Polar Capital Group, LLC is among the PIPE Investors.

F2 · ownership.nature: All shares of Class A Common Stock are held indirectly through Polar Capital Group, LLC, an entity controlled by the Reporting Person.

SEC source: 0001104659-21-092708 · tm2122254-3_4seq1.xml · nonDerivative · entry 1

Armstrong Timothy M · CIK 0001476604 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by Polar Capital Group, LLC

Disclosed balance after: 1,007,710

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F2 · ownership.nature: All shares of Class A Common Stock are held indirectly through Polar Capital Group, LLC, an entity controlled by the Reporting Person.

SEC source: 0001104659-21-092707 · tm2122254-2_4seq1.xml · derivative · entry 2

Applbaum Lee D. · CIK 0001446638 · Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,150,981

Underlying: Class A Common Stock, par value $0.0001 per share · 1,150,981 shares

Expires not disclosed

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F3 · derivative.exercise_date: 25% of the shares subject to the stock option vested and became exercisable as of July 13, 2021, and the remaining 75% will vest in equal installments on July 15, 2021, July 15, 2022 and July 15, 2023. The stock option will expire on November 2, 2030.

F3 · derivative.expiration_date: 25% of the shares subject to the stock option vested and became exercisable as of July 13, 2021, and the remaining 75% will vest in equal installments on July 15, 2021, July 15, 2022 and July 15, 2023. The stock option will expire on November 2, 2030.

SEC source: 0001104659-21-092707 · tm2122254-2_4seq1.xml · derivative · entry 1

Applbaum Lee D. · CIK 0001446638 · Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,529

Underlying: Class A Common Stock, par value $0.0001 per share · 34,529 shares

Expires not disclosed

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F2 · derivative.exercise_date: 50% of the shares subject to the stock option vested and became exercisable as of July 13, 2021, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire on October 13, 2030.

F2 · derivative.expiration_date: 50% of the shares subject to the stock option vested and became exercisable as of July 13, 2021, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire on October 13, 2030.

SEC source: 0001104659-21-092706 · tm2122254-1_4seq1.xml · derivative · entry 5

Adelman David J. · CIK 0001438262 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 69,058

Underlying: Class A Common Stock, par value $0.0001 per share · 69,058 shares

Expires not disclosed

F4 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F7 · derivative.exercise_price: 25% of the Profits Interests (Series 9) vested on December 11, 2020, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on August 23, 2021 and August 23, 2022. The vested Profits Interests (Series 9) have no expiration date. The Profits Interests (Series 9) have a hurdle amount equal to $7.56 per interest.

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F7 · derivative.exercise_date: 25% of the Profits Interests (Series 9) vested on December 11, 2020, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on August 23, 2021 and August 23, 2022. The vested Profits Interests (Series 9) have no expiration date. The Profits Interests (Series 9) have a hurdle amount equal to $7.56 per interest.

F7 · derivative.expiration_date: 25% of the Profits Interests (Series 9) vested on December 11, 2020, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on August 23, 2021 and August 23, 2022. The vested Profits Interests (Series 9) have no expiration date. The Profits Interests (Series 9) have a hurdle amount equal to $7.56 per interest.

SEC source: 0001104659-21-092706 · tm2122254-1_4seq1.xml · derivative · entry 4

Adelman David J. · CIK 0001438262 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,529

Underlying: Class A Common Stock, par value $0.0001 per share · 34,529 shares

Expires not disclosed

F4 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F6 · derivative.exercise_price: The Profits Interests (Series 7) fully vested as of July 13, 2021, and have no expiration date. The vested Profits Interests (Series 7) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 7) have a hurdle amount equal to $7.04 per interest.

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F6 · derivative.exercise_date: The Profits Interests (Series 7) fully vested as of July 13, 2021, and have no expiration date. The vested Profits Interests (Series 7) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 7) have a hurdle amount equal to $7.04 per interest.

F6 · derivative.expiration_date: The Profits Interests (Series 7) fully vested as of July 13, 2021, and have no expiration date. The vested Profits Interests (Series 7) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 7) have a hurdle amount equal to $7.04 per interest.

SEC source: 0001104659-21-092706 · tm2122254-1_4seq1.xml · derivative · entry 3

Adelman David J. · CIK 0001438262 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 69,058

Underlying: Class A Common Stock, par value $0.0001 per share · 69,058 shares

Expires not disclosed

F4 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F5 · derivative.exercise_price: The Profits Interests (Series 5) fully vested as of December 22, 2020, and have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 5) have a hurdle amount equal to $6.50 per interest.

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F5 · derivative.exercise_date: The Profits Interests (Series 5) fully vested as of December 22, 2020, and have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 5) have a hurdle amount equal to $6.50 per interest.

F5 · derivative.expiration_date: The Profits Interests (Series 5) fully vested as of December 22, 2020, and have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 5) have a hurdle amount equal to $6.50 per interest.

SEC source: 0001104659-21-092706 · tm2122254-1_4seq1.xml · derivative · entry 2

Adelman David J. · CIK 0001438262 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 69,058

Underlying: Class A Common Stock, par value $0.0001 per share · 69,058 shares

Expires not disclosed

F1 · timeliness: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F3 · derivative.exercise_date: 50% of the shares subject to the stock option vested and became exercisable as of July 13, 2021, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire as of October 13, 2030.

F3 · derivative.expiration_date: 50% of the shares subject to the stock option vested and became exercisable as of July 13, 2021, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire as of October 13, 2030.

SEC source: 0001104659-21-092706 · tm2122254-1_4seq1.xml · nonDerivative · entry 1

Adelman David J. · CIK 0001438262 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by Darco Wheels Up LLC

Disclosed balance after: 1,071,851

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F2 · ownership.nature: All 1,071,851 shares of Class A Common Stock are held indirectly through Darco Wheels Up LLC, an entity controlled by the Reporting Person.

SEC source: 0001104659-21-092726 · tm2122254-12_4seq1.xml · derivative · entry 6

Radecki Brian J · CIK 0001402193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,549

Underlying: Class A Common Stock, par value $0.0001 per share · 57,549 shares

Expires not disclosed

F5 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F7 · derivative.exercise_price: 25% of the Profits Interests (Series 9) vested on December 11, 2020, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on August 23, 2021 and August 23, 2022. The vested Profits Interests (Series 9) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 9) have a hurdle amount equal to $7.56 per interest.

F1 · kind: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F7 · derivative.exercise_date: 25% of the Profits Interests (Series 9) vested on December 11, 2020, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on August 23, 2021 and August 23, 2022. The vested Profits Interests (Series 9) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 9) have a hurdle amount equal to $7.56 per interest.

F7 · derivative.expiration_date: 25% of the Profits Interests (Series 9) vested on December 11, 2020, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on August 23, 2021 and August 23, 2022. The vested Profits Interests (Series 9) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 9) have a hurdle amount equal to $7.56 per interest.

SEC source: 0001104659-21-092726 · tm2122254-12_4seq1.xml · derivative · entry 5

Radecki Brian J · CIK 0001402193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 69,058

Underlying: Class A Common Stock, par value $0.0001 per share · 69,058 shares

Expires not disclosed

F5 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F6 · derivative.exercise_price: The Profits Interests (Series 7) fully vested as of July 13, 2021, and have no expiration date. The vested Profits Interests (Series 7) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 7) have a hurdle amount equal to $7.04 per interest.

F1 · kind: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F6 · derivative.exercise_date: The Profits Interests (Series 7) fully vested as of July 13, 2021, and have no expiration date. The vested Profits Interests (Series 7) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 7) have a hurdle amount equal to $7.04 per interest.

F6 · derivative.expiration_date: The Profits Interests (Series 7) fully vested as of July 13, 2021, and have no expiration date. The vested Profits Interests (Series 7) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 7) have a hurdle amount equal to $7.04 per interest.

SEC source: 0001104659-21-092726 · tm2122254-12_4seq1.xml · derivative · entry 4

Radecki Brian J · CIK 0001402193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,549

Underlying: Class A Common Stock, par value $0.0001 per share · 57,549 shares

Expires not disclosed

F1 · kind: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F4 · derivative.exercise_date: 50% of the shares subject to the stock option vested and became exercisable as of the closing of the Business Combination, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire on October 13, 2030.

F4 · derivative.expiration_date: 50% of the shares subject to the stock option vested and became exercisable as of the closing of the Business Combination, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire on October 13, 2030.

SEC source: 0001104659-21-092726 · tm2122254-12_4seq1.xml · derivative · entry 3

Radecki Brian J · CIK 0001402193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,019

Underlying: Class A Common Stock, par value $0.0001 per share · 23,019 shares

Expires not disclosed

F1 · kind: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F3 · derivative.exercise_date: The stock option fully vested and became exercisable as of February 8, 2021, and expires on February 8, 2027.

F3 · derivative.expiration_date: The stock option fully vested and became exercisable as of February 8, 2021, and expires on February 8, 2027.

SEC source: 0001104659-21-092726 · tm2122254-12_4seq1.xml · nonDerivative · entry 2

Radecki Brian J · CIK 0001402193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 86,890

F2 · kind: As previously disclosed, on February 1, 2021, the Issuer entered into subscription agreements with certain investors (the "PIPE investors") pursuant to which such investors agreed to purchase, substantially concurrently with the closing of the Business Combination, an aggregate of $550,000,000 of the Issuer's shares of Class A Common Stock at a price of $10.00 per share, or an aggregate of 55,000,000 shares of Class A Common Stock. The Reporting Person is among the PIPE Investors.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

SEC source: 0001104659-21-092726 · tm2122254-12_4seq1.xml · nonDerivative · entry 1

Radecki Brian J · CIK 0001402193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 86,890

F1 · kind: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

SEC source: 0001104659-21-092711 · tm2122254-6_4seq1.xml · derivative · entry 5

Cheung Chih T · CIK 0001308122 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,529

Underlying: Class A Common Stock, par value $0.0001 per share · 34,529 shares

Expires not disclosed

F5 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F8 · derivative.exercise_price: 25% of the Profits Interests (Series 9) vested on December 11, 2020, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on August 23, 2021 and August 23, 2022. The vested Profits Interests (Series 9) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 9) have a hurdle amount equal to $7.56 per interest.

F1 · timeliness: All 50,000 shares of Class A Common Stock are held indirectly through Infinity Particles Limited, an entity controlled by the Reporting Person.

F3 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F8 · derivative.exercise_date: 25% of the Profits Interests (Series 9) vested on December 11, 2020, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on August 23, 2021 and August 23, 2022. The vested Profits Interests (Series 9) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 9) have a hurdle amount equal to $7.56 per interest.

F8 · derivative.expiration_date: 25% of the Profits Interests (Series 9) vested on December 11, 2020, 25% vested as of July 13, 2021, and the remaining 50% will vest in equal installments on August 23, 2021 and August 23, 2022. The vested Profits Interests (Series 9) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 9) have a hurdle amount equal to $7.56 per interest.

SEC source: 0001104659-21-092711 · tm2122254-6_4seq1.xml · derivative · entry 4

Cheung Chih T · CIK 0001308122 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,019

Underlying: Class A Common Stock, par value $0.0001 per share · 23,019 shares

Expires not disclosed

F5 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F7 · derivative.exercise_price: The Profits Interests (Series 7) fully vested as of July 13, 2021, and have no expiration date. The vested Profits Interests (Series 7) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 7) have a hurdle amount equal to $7.04 per interest.

F1 · timeliness: All 50,000 shares of Class A Common Stock are held indirectly through Infinity Particles Limited, an entity controlled by the Reporting Person.

F3 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F7 · derivative.exercise_date: The Profits Interests (Series 7) fully vested as of July 13, 2021, and have no expiration date. The vested Profits Interests (Series 7) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 7) have a hurdle amount equal to $7.04 per interest.

F7 · derivative.expiration_date: The Profits Interests (Series 7) fully vested as of July 13, 2021, and have no expiration date. The vested Profits Interests (Series 7) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 7) have a hurdle amount equal to $7.04 per interest.

SEC source: 0001104659-21-092711 · tm2122254-6_4seq1.xml · derivative · entry 3

Cheung Chih T · CIK 0001308122 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,549

Underlying: Class A Common Stock, par value $0.0001 per share · 57,549 shares

Expires not disclosed

F5 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F6 · derivative.exercise_price: The Profits Interests (Series 5) fully vested as of December 22, 2020, and have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 5) have a hurdle amount equal to $6.50 per interest.

F1 · timeliness: All 50,000 shares of Class A Common Stock are held indirectly through Infinity Particles Limited, an entity controlled by the Reporting Person.

F3 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F6 · derivative.exercise_date: The Profits Interests (Series 5) fully vested as of December 22, 2020, and have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 5) have a hurdle amount equal to $6.50 per interest.

F6 · derivative.expiration_date: The Profits Interests (Series 5) fully vested as of December 22, 2020, and have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 5) have a hurdle amount equal to $6.50 per interest.

SEC source: 0001104659-21-092711 · tm2122254-6_4seq1.xml · derivative · entry 2

Cheung Chih T · CIK 0001308122 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,039

Underlying: Class A Common Stock, par value $0.0001 per share · 46,039 shares

Expires not disclosed

F3 · security: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · timeliness: All 50,000 shares of Class A Common Stock are held indirectly through Infinity Particles Limited, an entity controlled by the Reporting Person.

F3 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction (the "Business Combination") with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F4 · derivative.exercise_date: 50% of the shares subject to the stock option vested and became exercisable as of the closing of the Business Combination, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire as of October 13, 2030.

F4 · derivative.expiration_date: 50% of the shares subject to the stock option vested and became exercisable as of the closing of the Business Combination, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire as of October 13, 2030.

SEC source: 0001104659-21-092711 · tm2122254-6_4seq1.xml · nonDerivative · entry 1

Cheung Chih T · CIK 0001308122 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by Infinity Particles Limited

Disclosed balance after: 50,000

F1 · timeliness: All 50,000 shares of Class A Common Stock are held indirectly through Infinity Particles Limited, an entity controlled by the Reporting Person.

F2 · ownership.nature: As previously disclosed, on February 1, 2021, the Issuer entered into subscription agreements with certain investors (the "PIPE investors") pursuant to which such investors agreed to purchase, substantially concurrently with the closing of the Business Combination, an aggregate of $550,000,000 of the Issuer's shares of Class A Common Stock at a price of $10.00 per share, or an aggregate of 55,000,000 shares of Class A Common Stock. Infinity Particles Limited is among the PIPE Investors.

SEC source: 0001104659-21-092720 · tm2122254-9_4seq1.xml · derivative · entry 2

Jacobs Eric Douglas · CIK 0001342332 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,804,737

Underlying: Class A Common Stock, par value $0.0001 per share · 1,804,737 shares

Expires not disclosed

F3 · security: Represents profits interests ("Profits Interests") in Wheels Up MIP LLC, which indirectly correspond to profits interests in Wheels Up Partners Holdings LLC, a subsidiary of the Issuer. Subject to certain lock-up restrictions and the terms and conditions of the operating agreements of each of Wheels Up MIP LLC and Wheels Up Partners Holdings LLC, each vested Profits Interest may be redeemed and then exchanged at the election of the Reporting Person for a number of shares of Class A Common Stock, par value $0.0001 per share, based on the intrinsic value of the Profits Interest at the time of exchange calculated based on a specified hurdle amount.

F4 · derivative.exercise_price: 50% of the Profits Interests (Series 6) vested in equal installments on April 30, 2020 and April 30, 2021, 25% vested as of the closing of the Business Combination, and the remaining 25% will vest in on January 12, 2022. The vested Profits Interests (Series 6) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 6) have a hurdle amount equal to $7.04 per interest.

F1 · kind: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F1 · price: Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.

F4 · derivative.exercise_date: 50% of the Profits Interests (Series 6) vested in equal installments on April 30, 2020 and April 30, 2021, 25% vested as of the closing of the Business Combination, and the remaining 25% will vest in on January 12, 2022. The vested Profits Interests (Series 6) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 6) have a hurdle amount equal to $7.04 per interest.

F4 · derivative.expiration_date: 50% of the Profits Interests (Series 6) vested in equal installments on April 30, 2020 and April 30, 2021, 25% vested as of the closing of the Business Combination, and the remaining 25% will vest in on January 12, 2022. The vested Profits Interests (Series 6) have no expiration date. All Profits Interests that have not been exchanged for shares of Class A Common Stock as of July 13, 2031 will automatically be so exchanged on such date. The Profits Interests (Series 6) have a hurdle amount equal to $7.04 per interest.