[Form 4] Upbound Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

On 07/09/2025, Upbound Group, Inc. (UPBD) filed a Form 4 reporting that director Molly Langenstein acquired 280 Director Deferred Stock Units (DSUs) on 07/08/2025 at an implied value of $25.66 per unit. Each DSU is fully vested and entitles the holder to receive one share of UPBD common stock upon the director’s departure from the board.

Following this routine equity grant, Langenstein’s total beneficial ownership increased to 16,430 DSUs, held directly. No shares were sold, and there were no changes to common-stock holdings beyond this award. The filing reflects standard director compensation rather than a discretionary market transaction.

Insights

Securities Analyst

TL;DR: Routine 280-unit DSU grant to director; negligible financial impact, neutral signal for UPBD.

The reported transaction is a standard board compensation award, adding roughly $7,200 in notional value (280 × $25.66) to Director Langenstein’s equity stake. Her cumulative 16,430 DSUs represent a long-term alignment mechanism but are immaterial versus UPBD’s share count and market capitalization. Because the units vest immediately and settle only after board service ends, there is no immediate dilution or cash outflow. No open-market buying or selling occurred, so the filing conveys limited informational value about insider sentiment. Overall, the event is neutral for investors and does not alter the company’s fundamental outlook.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LANGENSTEIN MOLLY

(Last) (First) (Middle)

5501 HEADQUARTERS DRIVE

(Street)

PLANO TX 75024

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UPBOUND GROUP, INC. [ UPBD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Director Deferred Stock Unit	(1)	07/08/2025		A		280		(1)	(1)	COMMON STOCK	280	$25.66	16,430	D

Explanation of Responses:

1. Each Director Deferred Stock Unit represents the right to receive one share of the common stock, $.01 par value per share, of the issuer ("Common Stock"). The Director Deferred Stock Units are fully vested and non-forfeitable. The Common Stock will be issued to the reporting person upon the termination of their service as a member of the issuer's board of directors.

Remarks:

	/s/ Bryan Pechersky, attorney-in-fact	07/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction was disclosed by UPBD on 07/09/2025?

Director Molly Langenstein received 280 Director Deferred Stock Units on 07/08/2025, as shown in the Form 4 filing.

How many UPBD deferred stock units does Molly Langenstein now own?

After the reported grant, she beneficially owns 16,430 DSUs.

What is the value of the DSUs acquired, based on the filing price?

The units were reported at $25.66 each, giving the 280-unit grant a notional value of roughly $7,200.

When will the DSUs convert into UPBD common shares?

The common stock will be issued upon termination of the director’s board service, per the filing explanation.

Did the filing indicate any sale of UPBD shares by the director?

No. The Form 4 shows only an acquisition of DSUs; no shares were sold or disposed of.