Upbound Group (UPBD) CTO granted 14,749 RSUs vesting over three years

Rhea-AI Filing Summary

Kumar Balaji reported acquisition or exercise transactions in this Form 4 filing.

Upbound Group EVP and Chief Technology Officer Kumar Balaji received an equity award of 14,749 shares of common stock in the form of restricted stock units at a reference price of $18.05 per share. These RSUs vest in equal one-third installments on April 1 of each of the next three years, if he remains continuously employed with the company on each vesting date. Following this grant, Balaji directly holds 14,749 shares, including unvested restricted stock units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kumar Balaji

Role EVP, Chief Technology Officer

Type	Security	Shares	Price	Value
Grant/Award	COMMON STOCK	14,749	$18.05	$266K

Holdings After Transaction: COMMON STOCK — 14,749 shares (Direct)

Footnotes (1)

1. Represents restricted stock units which vest annually in one-third increments on April 1 of each of the next three years provided that the reporting person has been continuously employed by the issuer as of each such vesting date. Includes unvested restricted stock units.

Key Figures

RSUs granted: 14,749 shares Reference price: $18.05 per share Total holdings after grant: 14,749 shares +1 more

4 metrics

RSUs granted 14,749 shares Restricted stock units of common stock granted to CTO

Reference price $18.05 per share Transaction price per share for RSU grant

Total holdings after grant 14,749 shares Direct holdings including unvested restricted stock units

Vesting pattern One-third annually Vests on April 1 of each of the next three years

Key Terms

restricted stock units, vest, unvested restricted stock units

3 terms

restricted stock units financial

"Represents restricted stock units which vest annually in one-third increments"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest financial

"which vest annually in one-third increments on April 1 of each of the next three years"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

unvested restricted stock units financial

"Includes unvested restricted stock units."

Form 4 Insider Transactions: What Each Field Means →

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^*

Kumar Balaji

(Last) (First) (Middle)

5501 HEADQUARTERS DRIVE

(Street)

PLANO TEXAS 75024

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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
COMMON STOCK	04/01/2026		A		14,749(1)	A	$18.05	14,749(2)	D

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

Explanation of Responses:

1. Represents restricted stock units which vest annually in one-third increments on April 1 of each of the next three years provided that the reporting person has been continuously employed by the issuer as of each such vesting date.

2. Includes unvested restricted stock units.

Remarks:

	/s/ Bryan Pechersky, attorney-in-fact	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did UPBOUND GROUP (UPBD) report for Kumar Balaji?

UPBOUND GROUP reported that EVP and Chief Technology Officer Kumar Balaji received 14,749 restricted stock units of common stock at a reference price of $18.05 per share. This equity award is structured to vest over three years, subject to his continued employment with the company.

How many UPBD shares did Kumar Balaji acquire in this Form 4 filing?

Kumar Balaji acquired 14,749 shares of UPBOUND GROUP common stock in the form of restricted stock units. These units represent future share delivery and will vest in three equal annual installments on April 1, contingent on his continuous employment with the issuer.

What is the vesting schedule for Kumar Balaji’s new UPBD restricted stock units?

The 14,749 restricted stock units granted to Kumar Balaji vest in one-third increments on April 1 of each of the next three years. Each vesting date requires that he has been continuously employed by UPBOUND GROUP through that specific date for the corresponding portion to vest.

What is the reference price for the UPBD restricted stock units granted to Kumar Balaji?

The restricted stock units granted to Kumar Balaji carry a reference price of $18.05 per share. This price is disclosed in the Form 4 as the transaction price per share for the 14,749 units awarded, which represent UPBOUND GROUP common stock subject to vesting.

How many UPBD shares does Kumar Balaji hold after this equity award?

After this equity award, Kumar Balaji directly holds 14,749 shares of UPBOUND GROUP common stock, including unvested restricted stock units. This figure represents his total direct position reported in the Form 4 following the grant, with future vesting tied to continued employment conditions.