  What is the probability that a sparse $n$-vertex random $d$-regular graph
$G_n^d$, $n^{1-c}<d=o(n)$ contains many more copies of a fixed graph $K$ than
expected? We determine the behavior of this upper tail to within a logarithmic
gap in the exponent. For most graphs $K$ (for instance, for any $K$ of average
degree greater than $4$) we determine the upper tail up to a $1+o(1)$ factor in
the exponent. However, we also provide an example of a graph, given by adding
an edge to $K_{2,4}$, where the upper tail probability behaves differently from
previously studied behavior in both the sparse random regular and sparse
Erd\H{o}s-R\'{e}nyi models in this sparsity regime.
