[Form 4] UPBOUND GROUP, INC. Insider Trading Activity

Rhea-AI Filing Summary

Jeffrey J. Brown, a director of Upbound Group, Inc. (UPBD), was granted 4,133 Director Deferred Stock Units on 10/01/2025. Each deferred unit represents the right to receive one share of the issuer's common stock and the filing lists a price of $23.63 per share. The units are described as fully vested and non-forfeitable, and the common stock will be issued to Mr. Brown upon termination of his board service. Following the reported transaction, Mr. Brown is shown as beneficially owning 139,758 shares of common stock on a direct basis in this filing.

Positive

• 4,133 Director Deferred Stock Units are fully vested and non-forfeitable
• Grant increases director alignment with shareholders by adding 4,133 potential shares

Negative

• Common stock related to the units will be issued only upon termination of board service, so no immediate shares or voting power are transferred

Insights

Corporate Governance Expert

Director received fully vested deferred units; issuance occurs at board-service termination.

The filing documents a grant of 4,133 Director Deferred Stock Units to Jeffrey J. Brown on 10/01/2025. Each unit converts to one share of common stock and the units are stated as fully vested and non-forfeitable, meaning Mr. Brown has the unconditional right to these shares though the shares are not yet issued.

Because issuance is deferred until termination of board service, these units do not appear to transfer current voting power or cash proceeds to Mr. Brown immediately; they represent a future issuance obligation by the company. The filing also shows Mr. Brown's reported direct beneficial ownership as 139,758 shares after this grant.

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).

1. Name and Address of Reporting Person^*

BROWN JEFFREY J

(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)
10/01/2025

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)	10/01/2025		A		4,133		(1)	(1)	COMMON STOCK	4,133	$23.63	139,758	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	10/02/2025
	** 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 did the Form 4 for UPBD report?

The Form 4 reports that director Jeffrey J. Brown was granted 4,133 Director Deferred Stock Units on 10/01/2025.

When will the deferred units convert into common stock for UPBD?

The filing states each deferred unit will be converted into one share of common stock upon termination of the reporting person's board service.

Are the Director Deferred Stock Units vested?

Yes, the Form 4 explicitly states the Director Deferred Stock Units are fully vested and non-forfeitable.

How many shares does Jeffrey J. Brown beneficially own after the reported transaction?

The report shows Mr. Brown beneficially owns 139,758 shares on a direct basis following the transaction.

What price is listed in the Form 4 for the award?

The table in the filing lists a price of $23.63 associated with the Director Deferred Stock Unit entry.