Wheels Up Experience Announces 1-For-20 Reverse Stock Split, Effective April 27

Wheels Up Experience Inc. (NYSE: UP) ("Wheels Up" or the "Company") is announcing that effective immediately after the close of trading on The New York Stock Exchange (the "NYSE") on April 24, 2026 (the "Effective Time"), the Company expects to complete a reverse stock split (the "Reverse Stock Split") of its Class A common stock, $0.0001 par value per share ("Common Stock"), at a ratio of 1-for-20 (the "Ratio"). The Company believes that following the effectiveness of the Reverse Stock Split, the number of shares of Common Stock outstanding will align more closely to peer companies with similar market capitalizations. Assuming the stock price of the Common Stock meets or exceeds $1.00 for the requisite period of time, the Company believes that it will promptly regain compliance with the NYSE's listing standards and qualify for inclusion in the Russell 3000. Wheels Up's Common Stock is expected to begin trading on the NYSE on a reverse split-adjusted basis on April 27, 2026, under the ticker symbol "UP".