CLO Darling Scott sells 17.5K shares at avg $65.43; stock now $59.26, down -33.2% from 52-week high.
Darling Scott, Chief Legal Officer, executed 4 separate sales totaling 17,507 shares for $1,145,543.59 on 2025-02-28 and 2025-03-03 at prices ranging from $64.65 to $67.89, reducing his holdings by 10.4% from 167,636 to 150,129 shares. The blended average price of $65.43 sits above the current price of $59.26 but well below the 52-week high of $88.77; the stock has declined -33.2% from its peak and -8.5% over the prior 30 days. At the same ticker (UPST), Scott's 5 prior sells over the past four months averaged gains of +35% at the 30-day mark and +16% at 90 days, indicating those earlier sales preceded sustained price appreciation rather than declines—a pattern suggesting his prior timing at this ticker has not anticipated downside. The company remains unprofitable on a full-year basis (net income $-6.8M) despite posting revenue of $162.1M and annual growth of +23.9%, creating a backdrop where insider liquidations may reflect portfolio rebalancing absent near-term fundamental catalysts.