Did Upstart Stock Split?

Did Upstart Stock Split?

Brief answer up front: No — Upstart Holdings, Inc. (ticker: UPST) has not announced or executed a forward or reverse stock split since it became a public company on December 16, 2020. As of June 1, 2024, according to Upstart investor relations and public SEC filings, there is no record of a stock split for the current Upstart Holdings entity.

This article answers the simple question "did upstart stock split" and then walks through quick facts, company background, official records you can check, why some third‑party databases show a 2002 reverse split under the ticker UPST, how to verify splits yourself, what splits mean for investors, and recommended next steps, including using Bitget services to monitor or trade if needed.

Quick facts and answer

• Company name: Upstart Holdings, Inc.
• Ticker symbol: UPST (NASDAQ)
• IPO date: December 16, 2020
• Plain answer to “did upstart stock split”: No — Upstart has not executed a forward or reverse stock split since its IPO.
• Authoritative confirmation sources: Upstart Investor Relations announcements and press releases, SEC filings (Form 10‑K, Form 10‑Q, Form 8‑K), and major market data providers’ corporate actions tabs.
• Note on third‑party data: Some split‑history aggregators list a 2002 reverse split for the ticker "UPST"; this appears to be a misattribution or database error and does not reflect actions by Upstart Holdings (founded 2012, public in 2020).

Company background

Upstart Holdings is a financial technology company that operates an AI‑driven lending marketplace connecting bank and non‑bank lenders with consumers. The company uses machine learning models to help originate and price unsecured personal loans and, in some product lines, takes credit risk or facilitates partner lender funding.

• Founding year: 2012 (founders built the platform and model prior to the IPO).
• Public listing: Upstart completed its initial public offering on December 16, 2020 and began trading on the Nasdaq under the ticker UPST.

Because the modern Upstart Holdings entity was founded in 2012 and became a publicly traded company in December 2020, any corporate actions dated well before 2012 (for example, 2002) cannot plausibly apply to the current Upstart Holdings without a documented corporate lineage, merger, or ticker reuse that is disclosed in filings. There is no such documented corporate action in Upstart’s SEC filings or investor communications.

Official records and evidence

Investors and researchers should rely on primary-source documents when confirming whether a publicly traded company executed a stock split. The most reliable records include:

• Upstart Investor Relations site: press releases, investor FAQs, and the company news release archive typically list stock splits or forward/reverse split approvals and effective dates when they occur.
• SEC filings on EDGAR: any split is almost always disclosed in Form 8‑K (current report) and summarized in subsequent Form 10‑Q and Form 10‑K filings. Look for language referencing "stock split," "reverse split," or changes in authorized shares or outstanding shares and share classes.
• Nasdaq corporate actions / listing information: exchanges maintain records of corporate actions for listed securities.
• Transfer agent notices: the company’s transfer agent posts communications for shareholders about stock splits, ticker changes, or share consolidation actions.
• Major market‑data providers’ corporate action pages: Yahoo Finance, Refinitiv, and similar platforms include a "Stock Splits" or "Corporate Actions" tab that will show historical splits if present.

As of June 1, 2024, review of Upstart’s investor relations materials and SEC filings shows no announcement or disclosure of a forward or reverse stock split for the Upstart Holdings entity that has traded under UPST since its December 2020 IPO. Historical price series and corporate action tabs on major data sites for Upstart show no split events associated with the 2020‑era company.

Example filings to check (how they appear)

• Form 8‑K: corporate events such as stock splits are typically reported here within four business days of occurrence.
• Form 10‑Q / Form 10‑K: these quarterly and annual reports list shares outstanding and any material subsequent events; they will reference any recent split.

If you search the company’s EDGAR filings for the terms "split," "reverse split," "share consolidation," or "share split," there are no filings matching a split event for Upstart Holdings from 2020 through mid‑2024.

Third‑party data discrepancies and likely cause

Some historical split aggregators and databases show a 2002 reverse split for the ticker "UPST" (often listed as a 1‑for‑3 reverse split or similar). Possible explanations for this erroneous listing include:

• Ticker reuse: stock tickers are sometimes reassigned over decades to different companies. A listing for the ticker UPST in 2002 could refer to an earlier, unrelated company that previously used the same symbol.
• Data misattribution: automated data aggregation can incorrectly map historical corporate actions to the wrong corporate entity if unique identifiers (such as CIK, ISIN, or company name) are mismatched.
• Manual data‑entry errors: older or smaller datasets may contain typos or incorrect dates that propagate across aggregators.

Given that Upstart Holdings was not founded until 2012 and did not go public until December 2020, a 2002 reverse split cannot apply to the present Upstart without explicit merger or succession documents — none of which appear in primary filings. Therefore, the 2002 entry in some aggregators should be treated as a database artifact rather than evidence that the current Upstart entity split its stock.

Why aggregated split trackers can be wrong

Aggregated trackers compile decades of corporate actions across many tickers and often rely on automated matching. If a ticker was used previously by a different company, a splitter that applied to the earlier company can be incorrectly attached to the newer company with the same ticker. Aggregators do not always preserve or show the unique company identifier (CIK or ISIN) that would allow unambiguous mapping between split events and legal corporate entities.

Because of this, always cross‑check any split record on an aggregator with the company’s SEC filings and investor relations announcements before taking action based on that data.

Example misreported entries

• StockSplitHistory: lists a 2002 reverse split for ticker UPST.
• Digrin: contains an entry referring to a 2002 1‑for‑3 reverse split under the UPST symbol.
• AlphaSpread: includes a similar 2002 reverse split row mapped to UPST in historical split tables.

These third‑party pages are useful to note because they are where many retail and institutional screens derive historical split lists; however, the entries above are likely misattributions and should not be taken as authoritative without cross‑verification with primary sources.

How to independently verify whether a stock split occurred

If you want to verify "did upstart stock split" yourself, follow these steps:

1. Check Upstart’s Investor Relations news releases and press release archive for any announcement stating a split, reverse split, or share consolidation. Company press releases are the clearest primary source.
2. Search the SEC EDGAR database for Upstart filings and use keyword filters ("split," "reverse split," "share consolidation," "1‑for‑3") to surface any Form 8‑K, Form 10‑Q, or Form 10‑K disclosures on splits.
3. Review the company’s most recent Form 10‑K and Form 10‑Q for reported "shares outstanding" figures and any notes describing events after the reporting period.
4. Check the transfer agent’s communications for notices to shareholders (transfer agents will send specific instructions and share conversion schedules when a split occurs).
5. Inspect the Nasdaq corporate actions page for UPST to confirm whether the exchange recorded a split event and its effective date.
6. Cross‑check major market‑data platforms’ "Stock Splits" or "Corporate Actions" tabs. If a split is listed, confirm the supporting link or filing reference; if none is provided, treat the listing cautiously.
7. Compare adjusted vs. unadjusted historical price series: a true split will create a discontinuity where pre‑split prices are adjusted by the split ratio in adjusted price series; however, absence of such an adjustment or lack of supporting filings indicates no split.

These steps will give you a robust confirmation. Remember: primary company filings and official transfer agent notices are definitive.

What a stock split / reverse split means (brief primer)

• Forward stock split: the company increases the number of shares outstanding by issuing more shares to existing shareholders (e.g., a 2‑for‑1 split doubles share count and halves the per‑share trading price). The company’s market capitalization remains roughly the same immediately after the split (ignoring market moves), since the split does not change the company’s underlying equity value.

• Reverse stock split (share consolidation): the company reduces the number of shares outstanding by consolidating multiple existing shares into fewer new shares (e.g., a 1‑for‑10 reverse split converts ten old shares into one new share). Reverse splits are often used to increase the per‑share trading price (for exchange listing compliance or perception reasons) but also do not change the company’s total market capitalization at the moment of consolidation.

Typical corporate reasons:

• Forward split: make shares more affordable for retail investors or increase perceived liquidity at a lower price increment.
• Reverse split: raise the per‑share price to meet exchange listing minimums or to improve institutional interest if price is excessively low.

Effects on investors and mechanics:

• The total value of an investor’s position is unchanged immediately after a split (excluding market movement), while share count and per‑share price adjust.
• Stock splits require corporate authorization (board approval, sometimes shareholder approval) and are disclosed in filings and transfer agent communications.
• Options, warrants, and other derivative contracts are adjusted to reflect the split ratio; proper corporate action notices describe these adjustments.

Implications for investors and record‑keeping

Accurate split history matters for several practical reasons:

• Adjusted historical prices: split events must be applied to historical price series to calculate correct returns, performance metrics, and charting comparisons.
• Options and derivatives: split ratios affect contract sizes and strike price adjustments; exchanges and clearinghouses publish official adjustment notices.
• Tax and lot accounting: splits affect share counts and cost basis per share, which matters when matching tax lots and calculating gains/losses.

Recommendations:

• Keep copies of any company press release or Form 8‑K that documents a split.
• When reconciling historical positions, use the company’s filings and transfer agent notices as the authoritative references for split ratios and effective dates.
• For trading and custody, use reputable custodians and wallets; Bitget Wallet is an example of a modern wallet solution to hold crypto assets and monitor activity, and the Bitget platform provides trading and market monitoring tools for users who wish to follow equity‑like tokenized products or trade cryptocurrencies (note: equities and crypto are distinct asset classes — ensure you are using the correct product on your preferred platform).

Data discrepancies: a concrete example and guidance

Because a small number of split trackers list a 2002 reverse split under the UPST ticker, here is how you should treat that finding:

• If you find a split entry on an aggregator that predates the founding of the company in question, treat it as suspect.
• Cross‑reference the aggregator entry with the company’s EDGAR filings (search for Form 8‑K or 10‑K language describing a split) and with the transfer agent’s notices.
• If the aggregator provides a source or CIK/ISIN, verify that identifier matches Upstart Holdings’ SEC CIK number. A mismatch signals a likely misattribution.

Remember: ticker symbols are not globally unique across time. A symbol used in 2002 may have been associated with a different legal entity than the company using the same symbol today.

Example misreported entries (repeated with context)

The following third‑party pages have entries that appear to attribute a 2002 reverse split to the ticker UPST. Readers should view those entries skeptically and cross‑check with primary filings.

• StockSplitHistory (lists a 2002 reverse split for UPST).
• Digrin (contains a 2002 1‑for‑3 reverse split row under UPST).
• AlphaSpread (shows historical split data mapping a 2002 consolidation to UPST).

All three pages are examples of where the erroneous entry is visible; they can be useful to study how data propagates, but they do not replace primary documentation.

Practical checklist: verifying "did upstart stock split" (step‑by‑step)

1. Open Upstart’s Investor Relations news page and search for the term "stock split." If nothing appears, proceed to step 2.
2. Go to the SEC EDGAR system, search for "Upstart Holdings" or the company CIK, and filter filings for Form 8‑K, 10‑Q, and 10‑K. Use keyword search terms such as "split," "reverse split," and "share consolidation."
3. Confirm the shares‑outstanding numbers reported in the most recent 10‑Q/10‑K and compare them to prior filings to see if a sudden ratio change suggests an undocumented split.
4. Check the Nasdaq corporate actions area for UPST to confirm whether the exchange recorded a split.
5. If you hold shares with a broker or custodian, verify your account statements or contact the broker’s corporate actions desk.
6. If you still see a conflicting third‑party entry, request documentation from the aggregator showing the source identifier (CIK or ISIN) that ties the split record to a legal entity; lack of such documentation strongly suggests an error.

Monitoring for future splits and corporate actions

If you want to be promptly alerted if Upstart announces a split in the future:

• Follow Upstart Investor Relations for press releases and company announcements.
• Subscribe to SEC EDGAR alerts for new filings from Upstart’s CIK.
• Monitor Nasdaq corporate action feeds for UPST.
• Use Bitget market monitoring tools and notifications for price and corporate action alerts related to instruments offered on the platform (where applicable).

These channels will provide authoritative notice if and when the company executes a split or consolidation.

Neutral, factual closing and next steps

Did Upstart stock split? The verified answer is: no — there is no record that Upstart Holdings executed a forward or reverse stock split since its December 16, 2020 IPO. Some third‑party split trackers list a 2002 reverse split under the UPST ticker, but that entry appears to be a data misattribution inconsistent with Upstart’s corporate history and primary filings.

If you want to stay informed about Upstart’s corporate actions or to trade related instruments, use company investor relations pages and SEC filings as your primary sources and consider using Bitget for market monitoring, trading, and Bitget Wallet for custody where relevant. Always cross‑check third‑party data against primary documents before acting.

Appendix: primary sources and referenced third‑party pages (no external links included)

• Upstart Investor Relations — company press releases and news archive (search for Upstart investor relations).
• SEC filings (Form 10‑K, Form 10‑Q, Form 8‑K) for Upstart Holdings on the EDGAR system (search by company name or ticker UPST and verify the company CIK).
• Yahoo Finance historical data and the "Stock Splits" corporate actions tab (for adjusted vs. unadjusted price series verification).
• Third‑party split trackers that list a 2002 reverse split under UPST: StockSplitHistory, Digrin, AlphaSpread (these illustrate the discrepancy and should be cross‑checked with primary filings).

Reporting date note: As of June 1, 2024, according to Upstart investor relations materials and SEC filings, there is no record of a stock split for Upstart Holdings since its IPO.