Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| Wheels Up Experience Inc.UP · Entity 6501 | Chief Digital Officer | October 02, 2026 | October 07, 2026 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
Wheels Up Experience Inc.
Report date October 02, 2026 · Filed October 07, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative | Direct | 77,347 |
Reported balance
After 2026-10-02 transaction · row 1
1 source rowRow 1 · 2026-10-02 · Tax withholding · Disposed 1,977 · Balance 77,347 F1: Represents shares of Class A common stock, par value $0.0001 per share, of Wheels Up Experience Inc. that were withheld for the payment of tax liability arising as a result of the vesting of restricted stock units granted 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, Amendment No. 2 thereto, effective March 26, 2025, and Amendment No. 3 thereto, effective March 31, 2026), which were originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission on October 4, 2024. |
Filing footnotes · ownership attribution and instrument terms
F1: Represents shares of Class A common stock, par value $0.0001 per share, of Wheels Up Experience Inc. that were withheld for the payment of tax liability arising as a result of the vesting of restricted stock units granted 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, Amendment No. 2 thereto, effective March 26, 2025, and Amendment No. 3 thereto, effective March 31, 2026), which were originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission on October 4, 2024.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| October 02, 2026 Filed Oct 7, 2026 00:01 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 1,977 | $3.50 | $6,919.50 |
DisclosureSEC source: 0001104659-26-114152 · tm2627081-2_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 77,347 F1 · shares: Represents shares of Class A common stock, par value $0.0001 per share, of Wheels Up Experience Inc. that were withheld for the payment of tax liability arising as a result of the vesting of restricted stock units granted 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, Amendment No. 2 thereto, effective March 26, 2025, and Amendment No. 3 thereto, effective March 31, 2026), which were originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission on October 4, 2024. Read SEC document |
| August 26, 2026 Filed Aug 29, 2026 00:02 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 362 | $5.06 | $1,831.72 |
DisclosureSEC source: 0001104659-26-103397 · tm2624255-3_4seq1.xml · nonDerivative · entry 2 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 79,324 F2 · shares: Represents shares of Common Stock of the Issuer that were withheld for the payment of tax liability arising as a result of the vesting of RSUs granted under the A&R 2021 LTIP, which were originally reported by the Reporting Person in a Form 4/A filed with the SEC on March 14, 2025. Read SEC document |
| August 26, 2026 Filed Aug 29, 2026 00:02 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 130 | $5.06 | $657.80 |
DisclosureSEC source: 0001104659-26-103397 · tm2624255-3_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 79,686 F1 · shares: Represents shares of Class A common stock, par value $0.0001 per share ("Common Stock"), of Wheels Up Experience Inc. (the "Issuer") that were withheld for the payment of tax liability arising as a result of the vesting of restricted stock units ("RSUs") granted 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, Amendment No. 2 thereto, effective March 26, 2025, and Amendment No. 3 thereto, effective March 31, 2026, the "A&R 2021 LTIP"), which were originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on June 7, 2024. Read SEC document |
| June 01, 2026 Filed Jun 4, 2026 00:00 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 593 | $9.85 | $5,841.05 |
DisclosureSEC source: 0001104659-26-070250 · tm2616675-1_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 79,816 F1 · shares: Represents shares of Class A common stock, par value $0.0001 per share, of Wheels Up Experience Inc. that were withheld for the payment of tax liability arising as a result of the vesting of restricted stock units granted 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 "A&R 2021 LTIP"), which were originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on June 5, 2023. Read SEC document |
| May 26, 2026 Filed May 29, 2026 00:02 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 362 | $8.66 | $3,134.92 |
DisclosureSEC source: 0001104659-26-067724 · tm2615885-3_4seq1.xml · nonDerivative · entry 2 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 80,409 F3 · shares: Represents shares of Common Stock of the Issuer that were withheld for the payment of tax liability arising as a result of the vesting of RSUs granted under the A&R 2021 LTIP, which were originally reported by the Reporting Person in a Form 4/A filed with the SEC on March 14, 2025. Read SEC document |
| May 26, 2026 Filed May 29, 2026 00:02 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 130 | $8.66 | $1,125.80 |
DisclosureSEC source: 0001104659-26-067724 · tm2615885-3_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 80,771 F1 · shares: Represents shares of Class A common stock, par value $0.0001 per share ("Common Stock"), of Wheels Up Experience Inc. (the "Issuer") that were withheld for the payment of tax liability arising as a result of the vesting of restricted stock units ("RSUs") granted 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 "A&R 2021 LTIP"), which were originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on June 7, 2024. F2 · balance_after: Amount of securities has been adjusted to reflect the Issuer's 1-for-20 reverse stock split that occurred on April 24, 2026. Read SEC document |
| February 26, 2026 Filed Feb 28, 2026 01:03 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 34,270 | $0.66 | $22,618.20 |
DisclosureSEC source: 0001104659-26-021761 · tm267619-6_4seq1.xml · nonDerivative · entry 3 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,618,046 F3 · shares: 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&R 2021 LTIP, which were originally reported by the Reporting Person in a Form 4/A filed with the SEC on March 14, 2025. Read SEC document |
| February 26, 2026 Filed Feb 28, 2026 01:03 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 3,059 | $0.66 | $2,018.94 |
DisclosureSEC source: 0001104659-26-021761 · tm267619-6_4seq1.xml · nonDerivative · entry 2 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,652,316 F2 · shares: 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&R 2021 LTIP, which were originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on June 7, 2024. Read SEC document |
| February 25, 2026 Filed Feb 28, 2026 01:03 UTC | Wheels Up Experience Inc. UP · Entity 6501 | GrantClass A Common Stock, par value $0.0001 per share | 721,154 | $0.00 | $0.00 |
DisclosureSEC source: 0001104659-26-021761 · tm267619-6_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,655,375 F1 · shares: Represents a grant of restricted stock units ("RSUs") 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 "A&R 2021 LTIP"), 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 ("Common Stock"), of Wheels Up Experience Inc. (the "Issuer") 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. Read SEC document |
| November 26, 2025 Filed Dec 2, 2025 01:02 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 2,603 | $0.78 | $2,030.34 |
DisclosureSEC source: 0001104659-25-117446 · tm2532417-2_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 934,221 F1 · shares: Represents shares withheld for payment of tax liability arising as a result of the vesting of restricted stock units originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission on June 7, 2024. Read SEC document |
| October 02, 2025 Filed Oct 4, 2025 00:02 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 39,891 | $1.89 | $75,393.99 |
DisclosureSEC source: 0001104659-25-096794 · tm2527998-2_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 936,824 F1 · shares: Represents shares withheld for payment of tax liability arising as a result of the vesting of restricted stock units originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission on October 4, 2024. Read SEC document |
| August 26, 2025 Filed Aug 29, 2025 00:01 UTC | Wheels Up Experience Inc. UP · Entity 6501 | SaleClass A Common Stock, par value $0.0001 per share | 75,000 | $2.83 | $212,250.00 |
DisclosureSEC source: 0001104659-25-084944 · tm2524613-4_4seq1.xml · nonDerivative · entry 2 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 976,715 F2 · price: The price reported in this box in Column 4 is a weighted average price. These shares were sold on August 26, 2025 in multiple transactions at prices ranging from $2.81 to $2.94 per share, inclusive. The Reporting Person undertakes to provide to Wheels Up Experience Inc. (the "Company"), any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price. Read SEC document |
| August 26, 2025 Filed Aug 29, 2025 00:01 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 2,602 | $3.00 | $7,806.00 |
DisclosureSEC source: 0001104659-25-084944 · tm2524613-4_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,051,715 F1 · shares: Represents shares withheld for payment of tax liability arising as a result of the vesting of restricted stock units originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on June 7, 2024. Read SEC document |
| June 01, 2025 Filed Jun 4, 2025 00:00 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 11,959 | $1.31 | $15,666.29 |
DisclosureSEC source: 0001104659-25-056087 · tm2516923-1_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,054,317 F1 · shares: Represents shares withheld for payment of tax liability arising as a result of the vesting of restricted stock units originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission on June 5, 2023. Read SEC document |
| May 26, 2025 Filed May 29, 2025 00:01 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 2,602 | $1.68 | $4,371.36 |
DisclosureSEC source: 0001104659-25-053725 · tm2516290-2_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,066,276 F1 · shares: Represents shares withheld for payment of tax liability arising as a result of the vesting of restricted stock units originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission on June 7, 2024. Read SEC document |
| February 26, 2025 Filed Mar 1, 2025 02:04 UTC | Wheels Up Experience Inc. UP · Entity 6501 | GrantClass A Common Stock, par value $0.0001 per share | 338,542 | $0.00 | $0.00 |
DisclosureSEC source: 0001104659-25-019332 · tm257946-3_4seq1.xml · nonDerivative · entry 2 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,001,170 F2 · shares: Represents a grant of RSUs pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934, as amended, which will be settled in shares of the Class A common stock, par value $0.0001 per share, of Wheels Up Experience Inc. (the "Issuer") upon vesting. The RSUs will vest as follows: (i) 1/4th of the RSUs will vest on February 26, 2026; and (ii) the remaining RSUs will vest in 12 equal quarterly installments commencing May 26, 2026, in each case subject to the Reporting Person's continued service to the Issuer. Read SEC document |
| February 26, 2025 Filed Mar 1, 2025 02:04 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 12,333 | $1.20 | $14,799.60 |
DisclosureSEC source: 0001104659-25-019332 · tm257946-3_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 662,628 F1 · shares: Represents shares withheld for payment of tax liability arising as a result of the vesting of restricted stock units ("RSUs") originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission on June 7, 2024. Read SEC document |
| February 26, 2025 Filed Mar 15, 2025 00:04 UTC Amendment | Wheels Up Experience Inc. UP · Entity 6501 | GrantClass A Common Stock, par value $0.0001 per share | 406,250 | $0.00 | $0.00 |
DisclosureSEC source: 0001104659-25-024079 · tm259170-7_4aseq1.xml · nonDerivative · entry 2 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,068,878 F2 · shares: Represents a grant of RSUs pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934, as amended, which will be settled in shares of the Class A common stock, par value $0.0001 per share ("Common Stock"), of Wheels Up Experience Inc. (the "Issuer") upon vesting. The RSUs will vest as follows: (i) 1/4th of the RSUs will vest on February 26, 2026; and (ii) the remaining RSUs will vest in 12 equal quarterly installments commencing May 26, 2026, in each case subject to the Reporting Person's continued service to the Issuer. F3 · shares: The purpose of this amendment is to correct the number of RSUs granted to the Reporting Person on February 26, 2025, which were originally reported by the Reporting Person on a Form 4 filed on February 28, 2025 (the "Original Form 4"). The number of shares of Common Stock reported in the second row of Table I of the Original Form 4 have been revised as follows: (i) in Column 4, revised to 406,250 shares from 338,542 shares; and (ii) in Column 5, revised to 1,068,878 shares from 1,001,170 shares. There are no other changes to the Original Form 4. Read SEC document |
| February 26, 2025 Filed Mar 15, 2025 00:04 UTC Amendment | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 12,333 | $1.20 | $14,799.60 |
DisclosureSEC source: 0001104659-25-024079 · tm259170-7_4aseq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 662,628 F1 · shares: Represents shares withheld for payment of tax liability arising as a result of the vesting of restricted stock units ("RSUs") originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission on June 7, 2024. Read SEC document |
| October 02, 2024 Filed Oct 5, 2024 00:02 UTC | Wheels Up Experience Inc. UP · Entity 6501 | GrantClass A Common Stock, par value $0.0001 per share | 416,971 | $0.00 | $0.00 |
DisclosureSEC source: 0001104659-24-106368 · tm2425602-3_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 674,961 F1 · shares: Represents a grant of restricted stock units ("RSUs") pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934, as amended, which will be settled in shares of the Class A common stock, par value $0.0001 per share, of Wheels Up Experience Inc. (the "Issuer") upon vesting. The RSUs will vest in three equal installments on October 2, 2025, October 2, 2026 and October 2, 2027, subject to the Reporting Person's continued service to the Issuer. Read SEC document |
| June 06, 2024 Filed Jun 7, 2024 21:32 UTC | Wheels Up Experience Inc. UP · Entity 6501 | GrantClass A Common Stock, par value $0.0001 per share | 145,053 | $0.00 | $0.00 |
DisclosureSEC source: 0001104659-24-069745 · tm2416469-6_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 257,990 F1 · shares: Represents a grant of restricted stock units ("RSUs") pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934, as amended, which will be settled in shares of the Class A common stock, par value $0.0001 per share, of Wheels Up Experience Inc. (the "Issuer") upon vesting. The RSUs will vest as follows: (i) 1/4th of the RSUs will vest on February 26, 2025; and (ii) the remaining RSUs will vest in 12 equal quarterly installments commencing May 26, 2025, in each case subject to the Reporting Person's continued service to the Issuer. Read SEC document |
| June 03, 2024 Filed Jun 4, 2024 00:00 UTC | Wheels Up Experience Inc. UP · Entity 6501 | Tax withholdingClass A Common Stock, par value $0.0001 per share | 12,063 | $2.69 | $32,449.47 |
DisclosureSEC source: 0001104659-24-067967 · tm2416309-1_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 112,937 F1 · shares: Represents shares withheld for payment of tax liability arising as a result of the vesting of restricted stock units originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission on June 5, 2023. F2 · balance_after: Amount of securities has been adjusted to reflect the 10:1 reverse stock split that occurred on June 7, 2023. Read SEC document |
| June 01, 2023 Filed Jun 6, 2023 01:55 UTC | Wheels Up Experience Inc. UP · Entity 6501 | GrantClass A Common Stock, par value $0.0001 per share | 1,250,000 | $0.00 | $0.00 |
DisclosureSEC source: 0001104659-23-068259 · tm2317902-3_4seq1.xml · nonDerivative · entry 1 Godsman David · CIK 0001979642 · Chief Digital Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,250,000 F1 · shares: Represents a grant of Restricted Stock Units ("RSUs") pursuant to Rule 16b-3(d) under the Securities Act of 1934 as amended, which will be settled in shares of the Class A Common Stock, par value $0.0001 per share, of Wheels Up Experience Inc. (the "Issuer") upon vesting. The RSUs will vest in three equal installments on June 1, 2024, June 1, 2025 and June 1, 2026, subject to the Reporting Person's continued service to the Issuer. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.