Girouard Dave

Director Dave Girouard purchases 170,240 shares at ~$29, marking first open-market buy after 31 prior sales.

Dave Girouard, a director and 10% owner of Upstart, is switching from net seller to net buyer for the first time, acquiring over 170,000 shares in open-market purchases. This represents a significant departure from his prior activity: over three years he had sold shares repeatedly but never bought on the open market. The timing is notable—the stock is trading well below its annual highs, down sharply over the past quarter. Girouard's five prior sales in Upstart stock all proved well-timed: the stock fell after every exit, validating his past exits over both near and long-term horizons. By reversing course to buy at these lower prices, he is re-engaging with the company despite ongoing quarterly losses, even as the company maintains annual profitability and is growing revenue at a double-digit rate. The shift from repeated sales to a large open-market purchase breaks a consistent three-year pattern and warrants close attention to whether his prior sales marked a bottom or whether this buy represents a contrarian move in a still-declining stock.

CEO Dave Girouard sold 41.7K shares ($2.7M) at $64.93; retains 52.6K shares. Substantial reduction in stake.

CEO Dave Girouard executed two separate sales on 2025-09-15, totaling 41.7K shares for $2.7M at a blended average price of $64.93—a discount of approximately 4.7% to the current price of $68.12. This transaction reduces his stake by 44.2% from 94.3K shares to 52.6K shares post-transaction. Girouard's recent trading history at UPST shows mixed results: of his 5 prior trades at this ticker, four were sells that experienced 30-day declines ranging from -0.2% to -15.5%, while one sell on 2025-06-20 saw a +30.5% 30-day return. His cross-ticker track record shows 19 prior sells with an avg 90-day return of -19.5% and a well-timed rate of 71.43%, but crucially, none of his UPST-specific 90-day outcomes have yet materialized. The company remains unprofitable on a full-year basis despite $257.3M in recent quarterly revenue and +23.9% annual growth, which underscores uncertainty about near-term profitability trajectory. The sale at a discount to current levels, combined with the substantial reduction in personal stake at a time when the stock has recovered +15.3% over 90 days, warrants investor attention to whether this reflects CEO positioning ahead of potential headwinds.

CEO Dave Girouard sold 41,667 shares at blended $63.27, reducing holdings 44.2%; stock down 21.4% in 30 days.

Dave Girouard, CEO of Upstart Holdings, executed 2 separate sales totaling 41,667 shares for $2,636,433.56 on 2025-08-15 at a blended average price of $63.27, reducing his holdings from 94,281 to 52,614 shares—a 44.2% reduction. The current price of $61.58 is down 21.4% over the last 30 days and 30.6% below the 52-week high of $88.77, though up 40.2% over the last 90 days. His cross-ticker track record shows 76.92% of prior sells were well-timed (negative 90-day returns), but at Upst specifically, his last two completed 90-day outcome (sell on 2025-02-18) resulted in -43.4%, with 4 other recent UPST sells still within their measurement windows and showing mixed early returns. Upstart reported Q-recent revenue of $257.3M with net income of $5.6M but was unprofitable on a full-year basis, with annual revenue growth of 23.9%. The scale of this sale—executing 41.7K shares in two tranches on the same day—represents a material reduction in CEO equity stake coinciding with negative near-term price momentum.

CEO Dave Girouard sells 41.7K shares (44.2% of holdings) for $3.1M at avg $75.07 on 2025-07-15

CEO Dave Girouard executed 2 separate sales totaling 41,667 shares for $3,127,831.38 at blended average price of $75.07, reducing his holdings by 44.2% from 94,281 shares to 52,614 shares. His prior sales at UPST show a consistent pattern: 3 of 3 prior measurable sales posted negative 90-day returns, with declines ranging from -40.7% to -41.8%, indicating strong timing accuracy at this ticker. Stock has appreciated 45.3% over the prior 30 days and 89.6% over 90 days, trading near 52-week highs at $77.58 current price. The company remains unprofitable with net income of $-2,447,000.00 despite 23.9% annual revenue growth, presenting a divergence between operational trends and profitability that may inform insider capital allocation decisions.

CEO Girouard sells 41,667 UPST shares at $60.05 (-44.2% of holdings); stock +43.3% in 30d, yet 4 of 4 prior UPST sales preceded 90d declines.

Girouard, as Chief Executive Officer, sold 41,667 shares on 2025-06-20 at $60.05, reducing his holdings by 44.2% from 94,281 to 52,614 shares. Despite the stock rising 43.3% in the 30 days following the transaction, his same-ticker history shows a strong pattern: all 4 prior measurable UPST sales were followed by 90-day declines ranging from -35.3% to -44.4%, with a 100% well-timed rate at the 90-day mark. The current price of $64.85 is 27.0% below the 52-week high, and the company remains unprofitable despite 23.9% annual revenue growth. The timing pattern at this specific ticker—where every prior sale preceded a subsequent decline—warrants attention as additional evidence emerges over the coming weeks.

CEO Dave Girouard sells 41,667 UPST shares at $60.11; 44.2% stake reduction amid unprofitable fundamentals.

CEO Dave Girouard executed a substantial sale of 41,667 shares (44.2% of his pre-transaction holdings) at $60.11 on 2025-06-11, reducing his stake from 94,281 to 52,614 shares. The current market price of $52.02 represents a 13.4% decline from the transaction price, and the stock trades 41.4% below its 52-week high. Notably, this CEO's prior five trades at UPST were all well-timed at the 90-day mark (ranging from -35.3% to -44.4% returns after each sale), establishing a consistent pattern of selling ahead of downward price movements at this ticker. Against this backdrop, Upstart remains unprofitable (full-year net income was negative; latest quarter net income: $-2.4M) despite 23.9% annual revenue growth, creating a tension between top-line momentum and bottom-line deterioration that contextualizes a large insider reduction of equity ownership.

CEO Dave Girouard sold 41,667 shares for $3,526,908.23 on 2025-02-18 across 3 transactions at $84.65 blended average.

CEO Dave Girouard executed 3 separate sales totaling 41,667 shares for $3,526,908.23 at prices ranging from $83.84 to $85.40 on 2025-02-18, reducing his holdings by 42.2% from 98,805 to 57,138 shares. The sales occurred near the stock's 52-week high of $88.77, with the blended average price of $84.65 positioning these sales 6.8% above the current price of $79.21. At the same-ticker level, Girouard's most recent prior sells on 2025-01-15 showed strong near-term performance (+31.8% and +30.6% at 30 days), while his prior sales in December 2024 have not demonstrated well-timed execution. The company reported a net loss of $6,758,000.00 on quarterly revenue of $162,140,000.00, indicating continued unprofitability despite 23.9% annual revenue growth. The magnitude of this sale—representing the sale of two-fifths of his holdings in a single filing—alongside the recent price strength and unprofitable earnings backdrop warrants attention to whether this represents meaningful capital allocation decisions by the CEO.

CEO Girouard sells 41,667 shares for $2,608,236.09 on 2025-01-15; stock down 14.1% in 30 days post-sale.

Girouard Dave, CEO of Upstart Holdings, executed 2 separate sales totaling 41,667 shares for $2,608,236.09 on 2025-01-15, reducing his holdings by 42.2% from 98,805 to 57,138 shares. The sale occurred at a blended average price of $62.60, just below the current price of $62.96, but notably the stock has declined 14.1% over the 30 days following the transaction and is 25.5% below its 52-week high of $84.46. The timing context is stark: his prior 4 sales at UPST on 2024-12-16 all showed 30-day declines ranging from 23.3% to 26.0%, suggesting a pattern of sales preceding near-term weakness; however, his same-ticker history remains unmeasurable at the 90-day horizon. Fundamentally, the company posted $-6.8M net income on $162.1M quarterly revenue against an annual revenue decline of 39.0%, meaning the company remains unprofitable amid significant top-line contraction.

CEO Girouard sells 41,667 shares at $81.70–$84.70 for $3.5M; holdings drop 42.2% to 57.1K shares

CEO Dave Girouard executed 4 separate sales on 2024-12-16 totaling 41,667 shares for $3,470,228.18, reducing his post-transaction holdings by 42.2% from 98.8K to 57.1K shares. The sales occurred at prices ranging from $81.70 to $84.70 (blended average $83.28), near the company's 52-week high of $84.46, while the stock now trades at $73.32, down 13.2% from that peak. The company reported negative net income of $-6,758,000.00 in the latest quarter and a -39.0% annual revenue decline, providing fundamental context for a significant reduction in CEO equity stakes. Historically, Girouard's prior sales at UPST have shown positive 30-day returns (+18.4% to +30.0%), though his broader cross-ticker track record of 4 prior sells averaged +25.6% return over 30 days, suggesting he has not demonstrated a consistent pattern of selling ahead of material declines.

CEO Dave Girouard sold 41,667 shares at blended $65.41 for $2.7M; holdings down 40.4% to 61,512 shares.

Dave Girouard, CEO of Upstart Holdings, executed 3 separate sales totaling 41,667 shares for $2,725,423.29 at prices ranging from $64.96 to $66.94 on 2024-11-15, reducing his holdings by 40.4% from 103,179 to 61,512 shares. The company is currently unprofitable (full-year net income was negative), reported annual revenue growth of -39.0%, and trades at a market cap of $6,487,224,928.86 with current price of $71.11—12.2% below its 52-week high. While the stock has surged 33.8% over 30 days and 75.0% over 90 days following the recent weakness, the CEO's substantial reduction in holdings during this recovery period warrants investor attention given the company's deteriorating fundamentals and negative revenue trajectory.