Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE (Tables)

v3.22.2.2
NET LOSS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share
The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share data):
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Numerator:
Net loss attributable to Wheels Up Experience Inc. - basic and diluted $ (86,838) $ (58,485) $ (268,250) $ (114,050)
Denominator:
Weighted-average shares of Class A common stock outstanding - basic and diluted 244,351  235,341  244,348  191,057 
Basic and diluted net loss per share of Class A common stock $ (0.36) $ (0.25) $ (1.10) $ (0.60)
Schedule of Anti-dilutive Securities The following securities were not included in the computation of diluted shares outstanding, because the effect would be anti-dilutive, and issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Warrants 12,521,494  10,870,308  12,521,494  3,623,436 
Earnout Shares 9,000,000  7,813,187  9,000,000  2,604,396 
RSUs(1)
24,327,885  836,499  24,327,885  279,858 
Stock options 14,150,655  16,879,379  14,150,655  16,463,474 
Total anti-dilutive securities 60,000,034  36,399,373  60,000,034  22,971,164 
(1) Includes RSUs, PSUs and CEO Market-Based RSUs outstanding as of September 30, 2022.