SEC Form S-8 POS filed by Wheels Up Experience Inc.

As filed with the Securities and Exchange Commission on December 27, 2024

Registration No. 333-265991

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

POST-EFFECTIVE AMENDMENT NO. 1

TO

FORM S-8

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

WHEELS UP EXPERIENCE INC.

(Exact name of registrant as specified in its charter)

2135 American Way

Chamblee, Georgia 30341

Telephone: (212) 257-5252

(Address, including zip code, and telephone number, including area code, of principal executive offices)

Wheels Up Experience Inc. 2022 Inducement Grant Plan

(Full title of the plan)

Matthew Knopf, Esq.
Chief Legal Officer
2135 American Way
Chamblee, Georgia 30341
Telephone: (212) 257-5252

(Name and address, including zip code, and telephone number, including area code, of agent for service)

With copies to:

Jeremiah G. Garvey, Esq.
Seth Popick, Esq.
Cozen O’Connor P.C.
One Liberty Place
1650 Market Street
Suite 2800
Philadelphia, Pennsylvania 19103
Telephone: (412)-620-6570

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 7(a)(2)(B) of the Securities Act. ¨

EXPLANATORY NOTE

Wheels Up Experience Inc. (the “Registrant”) registered 2,051,282 shares of its Class A common stock, $0.0001 par value per share (“Common Stock”) (205,128 shares of Common Stock after giving effect to the Registrant’s reverse stock split of the Common Stock at a reverse stock split ratio of 1-for-10, which became effective on June 7, 2023), for issuance under the Wheels Up Experience Inc. 2022 Inducement Grant Plan (the “2022 Inducement Grant Plan”), pursuant to the Registration Statement on Form S-8, File No. 333-265991, filed with the U.S. Securities and Exchange Commission on July 1, 2022 (the “Registration Statement”). On July 1, 2022, pursuant to Rule 16b-3(d) promulgated under the Securities Exchange Act of 1934, as amended, the Registrant granted to Todd Smith, the Registrant’s former Chief Financial Officer, 205,128 Restricted Stock Units (the “RSUs”) under the 2022 Inducement Grant Plan, which upon vesting were settleable on a one-for-one basis in shares of Common Stock. By their terms, the RSUs were scheduled to vest in three equal installments on each of December 30, 2022, December 30, 2023, and December 30, 2024, subject to Mr. Smith’s continued service to the Registrant. Mr. Smith ceased to be the Registrant’s Chief Financial Officer effective September 6, 2024 and pursuant to the terms of the 2022 Inducement Grant Plan and related RSU award agreement for the RSUs, 68,376 RSUs were forfeited (the “Forfeited RSUs”). As a result, no shares of Common Stock were issued, or in the future will be issuable, with respect to the Forfeited RSUs. This Post-Effective Amendment No. 1 to the Registration Statement is being filed to deregister the remaining 68,376 shares of Common Stock corresponding to the Forfeited RSUs that have been registered pursuant to the Registration Statement. Accordingly, the Registrant hereby withdraws from registration under the Registration Statement 68,376 shares of Common Stock that were so registered.

SIGNATURES

Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Post-Effective Amendment No.1 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Chamblee, Georgia, on December 27, 2024.