ATLANTA, GA – – (Globe Newswire – April 8, 2026) – – A shareholder class action lawsuit has been filed against Upstart Holdings, Inc. (“Upstart” or the “Company”) (NASDAQ: UPST). The lawsuit alleges that Defendants issued false and misleading statements and/or failed to disclose material adverse facts regarding Upstart’s business, operations and prospects, including allegations that: (i) the Company’s AI model (“Model 22”) frequently overreacted to negative macroeconomic signals in performing its risk-separation processes; (ii) accordingly, Model 22’s overall accuracy and propensity to increase loan approval rates was overstated; and (iii) Model 22’s overly conservative assessment of credit and macroeconomic conditions was having a significant negative impact on Upstart’s revenue results, rendering the Company’s previously issued FY 2025 revenue guidance unreliable and/or unrealistic.

 If you purchased Upstart shares between May 14, 2025 and November 4, 2025, and experienced a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832, or by visiting the firm’s website at www.holzerlaw.com/case/upstart-holdings/ for more information. 

 The deadline to ask the court to be appointed lead plaintiff in the case is June 8, 2026.