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Wheels Up Experience Inc. – ‘10-Q’ for 6/30/22 – ‘EX-32.1’

On:  Thursday, 8/11/22, at 4:21pm ET   ·   For:  6/30/22   ·   Accession #:  1819516-22-25   ·   File #:  1-39541

Previous ‘10-Q’:  ‘10-Q’ on 5/13/22 for 3/31/22   ·   Next:  ‘10-Q’ on 11/9/22 for 9/30/22   ·   Latest:  ‘10-Q’ on 11/9/23 for 9/30/23   ·   5 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 8/11/22  Wheels Up Experience Inc.         10-Q        6/30/22   97:9.3M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.88M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     33K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     33K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     26K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     26K 
11: R1          Cover                                               HTML     84K 
12: R2          Condensed Consolidated Balance Sheets               HTML    162K 
13: R3          Condensed Consolidated Balance Sheets               HTML     36K 
                (Parenthetical)                                                  
14: R4          Condensed Consolidated Statements of Operations     HTML    128K 
15: R5          Condensed Consolidated Statements of Comprehensive  HTML     53K 
                Loss                                                             
16: R6          Condensed Consolidated Statements of Equity         HTML    103K 
17: R7          Condensed Consolidated Statements of Cash Flows     HTML    125K 
18: R8          Organization and Operations                         HTML     30K 
19: R9          Summary of Significant Accounting Policies          HTML     35K 
20: R10         Business Combination                                HTML     32K 
21: R11         Property and Equipment                              HTML     42K 
22: R12         Revenue                                             HTML     67K 
23: R13         Acquisitions                                        HTML     66K 
24: R14         Goodwill and Intangible Assets                      HTML     78K 
25: R15         Cash, Cash Equivalents and Restricted Cash          HTML     35K 
26: R16         Fair Value Measurements                             HTML     66K 
27: R17         Long-Term Debt                                      HTML     28K 
28: R18         Commitments and Contingencies                       HTML     30K 
29: R19         Leases                                              HTML     55K 
30: R20         Stockholder's Equity and Equity-Based Compensation  HTML    146K 
31: R21         Non-Controlling Interests                           HTML     39K 
32: R22         Related Parties                                     HTML     31K 
33: R23         Net Loss Per Share                                  HTML     53K 
34: R24         Income Taxes                                        HTML     33K 
35: R25         Warrants                                            HTML     27K 
36: R26         Subsequent Events                                   HTML     28K 
37: R27         Summary of Significant Accounting Policies          HTML     47K 
                (Policies)                                                       
38: R28         Property and Equipment (Tables)                     HTML     40K 
39: R29         Revenue (Tables)                                    HTML     63K 
40: R30         Acquisitions (Tables)                               HTML     64K 
41: R31         Goodwill and Intangible Assets (Tables)             HTML     86K 
42: R32         Cash, Cash Equivalents and Restricted Cash          HTML     40K 
                (Tables)                                                         
43: R33         Fair Value Measurements (Tables)                    HTML     64K 
44: R34         Leases (Tables)                                     HTML     59K 
45: R35         Stockholder's Equity and Equity-Based Compensation  HTML    136K 
                (Tables)                                                         
46: R36         Non-Controlling Interests (Tables)                  HTML     36K 
47: R37         Net Loss Per Share (Tables)                         HTML     54K 
48: R38         BUSINESS COMBINATION - Narrative (Details)          HTML     96K 
49: R39         PROPERTY AND EQUIPMENT - Schedule of Property and   HTML     51K 
                Equipment (Details)                                              
50: R40         PROPERTY AND EQUIPMENT - Narrative (Details)        HTML     34K 
51: R41         REVENUE - Schedule of Disaggregation of Revenue     HTML     45K 
                (Details)                                                        
52: R42         REVENUE - Narrative (Details)                       HTML     45K 
53: R43         REVENUE - Contract Balances (Details)               HTML     43K 
54: R44         REVENUE - Changes in Deferred Revenue (Details)     HTML     34K 
55: R45         REVENUE - Performance Obligation Narrative          HTML     39K 
                (Details)                                                        
56: R46         ACQUISITIONS - Narrative (Details)                  HTML     54K 
57: R47         ACQUISITIONS - Preliminary Purchase Price           HTML     57K 
                (Details)                                                        
58: R48         ACQUISITIONS - Intangible Assets Acquired           HTML     40K 
                (Details)                                                        
59: R49         ACQUISITIONS - Unaudited Pro Forma Summary of       HTML     39K 
                Operations (Details)                                             
60: R50         GOODWILL AND INTANGIBLE ASSETS - Schedule of        HTML     37K 
                Goodwill (Details)                                               
61: R51         GOODWILL AND INTANGIBLE ASSETS - Schedule of        HTML     52K 
                Intangible Assets (Details)                                      
62: R52         GOODWILL AND INTANGIBLE ASSETS - Narrative          HTML     30K 
                (Details)                                                        
63: R53         GOODWILL AND INTANGIBLE ASSETS - Intangible         HTML     30K 
                Liabilities (Details)                                            
64: R54         GOODWILL AND INTANGIBLE ASSETS - Future             HTML     55K 
                Amortization (Details)                                           
65: R55         CASH, CASH EQUIVALENTS AND RESTRICTED CASH -        HTML     38K 
                Narrative (Details)                                              
66: R56         CASH, CASH EQUIVALENTS AND RESTRICTED CASH -        HTML     34K 
                Reconciliation of Cash and Cash Equivalents and                  
                Restricted Cash (Details)                                        
67: R57         FAIR VALUE MEASUREMENTS - Schedule of Financial     HTML     50K 
                Instruments Measured at Fair Value on Recurring                  
                Basis (Details)                                                  
68: R58         FAIR VALUE MEASUREMENTS - Changes in the Fair       HTML     36K 
                Value of the Warrant Liability (Details)                         
69: R59         Long-Term Debt (Details)                            HTML     30K 
70: R60         Commitments and Contingencies (Details)             HTML     27K 
71: R61         LEASES - Narrative (Details)                        HTML     36K 
72: R62         LEASES - Components of Net Lease Cost (Details)     HTML     32K 
73: R63         LEASES - Supplemental Cash Flow Information         HTML     30K 
                (Details)                                                        
74: R64         LEASES - Supplemental Balance Sheet Information     HTML     32K 
                (Details)                                                        
75: R65         LEASES - Maturities of Operating Leases (Details)   HTML     44K 
76: R66         STOCKHOLDER's EQUITY AND EQUITY-BASED COMPENSATION  HTML    202K 
                - Narrative (Details)                                            
77: R67         STOCKHOLDER's EQUITY AND EQUITY-BASED COMPENSATION  HTML     47K 
                - Summary of Profits Interest Activity (Details)                 
78: R68         STOCKHOLDER's EQUITY AND EQUITY-BASED COMPENSATION  HTML     50K 
                - Schedule of Nonvested Profit Interests (Details)               
79: R69         STOCKHOLDER's EQUITY AND EQUITY-BASED COMPENSATION  HTML     49K 
                - Summary of Restricted Interests Activity                       
                (Details)                                                        
80: R70         STOCKHOLDER's EQUITY AND EQUITY-BASED COMPENSATION  HTML     87K 
                - Summary of Stock Option Activity (Details)                     
81: R71         STOCKHOLDER's EQUITY AND EQUITY-BASED COMPENSATION  HTML     58K 
                - Schedule of Nonvested Share Activity (Details)                 
82: R72         STOCKHOLDER's EQUITY AND EQUITY-BASED COMPENSATION  HTML     53K 
                - Schedule of LTIP RSUs (Details)                                
83: R73         STOCKHOLDER's EQUITY AND EQUITY-BASED COMPENSATION  HTML     60K 
                - Performance Stock Units (Details)                              
84: R74         STOCKHOLDER's EQUITY AND EQUITY-BASED COMPENSATION  HTML     38K 
                - Equity-based compensation expense (Details)                    
85: R75         NON-CONTROLLING INTERESTS - Schedule of             HTML     38K 
                Calculation of Non-controlling Interests (Details)               
86: R76         NON-CONTROLLING INTERESTS - Narrative (Details)     HTML     27K 
87: R77         Related Parties (Details)                           HTML     52K 
88: R78         NET LOSS PER SHARE - Schedule of Basic and Diluted  HTML     58K 
                Net Income (Loss) per Share (Details)                            
89: R79         NET LOSS PER SHARE - Schedule of Antidilutive       HTML     39K 
                Securities (Details)                                             
90: R80         Income Taxes (Details)                              HTML     31K 
91: R81         Warrants (Details)                                  HTML     40K 
92: R82         Subsequent Events (Details)                         HTML     31K 
95: XML         IDEA XML File -- Filing Summary                      XML    175K 
93: XML         XBRL Instance -- up-20220630_htm                     XML   2.33M 
94: EXCEL       IDEA Workbook of Financial Reports                  XLSX    166K 
 7: EX-101.CAL  XBRL Calculations -- up-20220630_cal                 XML    221K 
 8: EX-101.DEF  XBRL Definitions -- up-20220630_def                  XML    795K 
 9: EX-101.LAB  XBRL Labels -- up-20220630_lab                       XML   1.93M 
10: EX-101.PRE  XBRL Presentations -- up-20220630_pre                XML   1.21M 
 6: EX-101.SCH  XBRL Schema -- up-20220630                           XSD    214K 
96: JSON        XBRL Instance as JSON Data -- MetaLinks              454±   696K 
97: ZIP         XBRL Zipped Folder -- 0001819516-22-000025-xbrl      Zip    459K 


‘EX-32.1’   —   Certification — §906 – SOA’02


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Exhibit 32.1


CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Wheels Up Experience Inc. (the “Company”) on Form 10-Q for the quarterly period ended June 30, 2022, as filed with the Securities and Exchange Commission (the “Report”), I, Kenneth Dichter, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

1.    The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.    To my knowledge, the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the period covered by the Report.




Date: August 11, 2022    By:    /s/ Kenneth Dichter     Name: Kenneth Dichter
Title: Chief Executive Officer
(Principal Executive Officer)


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/11/228-K,  EFFECT
For Period end:6/30/223
 List all Filings 


5 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/01/22  Wheels Up Experience Inc.         S-8         7/01/22    5:369K                                   Toppan Merrill/FA
 6/23/22  Wheels Up Experience Inc.         8-K:5,7,9   6/18/22   13:1M                                     Toppan Merrill/FA
 5/13/22  Wheels Up Experience Inc.         10-Q        3/31/22   96:7.9M
 5/12/22  Wheels Up Experience Inc.         8-K:5,9     5/12/22   12:311K                                   Toppan Merrill/FA
 7/19/21  Wheels Up Experience Inc.         8-K:1,2,3,4 7/13/21   15:2.4M                                   Workiva Inc Wde… FA01/FA
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Filing Submission 0001819516-22-000025   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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