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

Rhea-AI Filing Summary

On 08/21/2025, Anthony J. Blasquez, Executive Vice President—Risk Adjustment & Coding (EVP-RAC) at Upbound Group, Inc. (UPBD), reported a sale of 3,500 shares of common stock at $23.63 per share. After that transaction he beneficially owns 32,511 shares, which the filing notes include common stock and unvested restricted stock units. The filing also discloses indirect holdings of 992 shares in the company 401(k) plan and 97 shares in the company nonqualified deferred compensation plan. The Form 4 was signed by an attorney-in-fact on 08/22/2025.

Positive

• Timely disclosure of insider transaction, demonstrating compliance with Section 16 reporting requirements
• Detailed beneficial ownership breakdown including direct shares, unvested RSUs, 401(k) and NQDC plan holdings

Negative

• Insider sale of 3,500 shares at $23.63 could be interpreted by some investors as liquidity-taking by an executive

Insights

Corporate Governance Expert

TL;DR: Routine insider sale by an executive; disclosure maintains transparency, no material governance change.

The Form 4 documents a single transaction: a sale of 3,500 shares at $23.63 on 08/21/2025 by an EVP-level officer. This is a routine Section 16 report confirming the disposition and current beneficial ownership including RSUs and plan-held shares. There is no indication of a policy change, pledge, or accelerated vesting events disclosed. From a governance perspective the filing demonstrates compliance with reporting obligations and does not itself signal a material change to board composition, executive role, or corporate control.

Securities Analyst

TL;DR: Insider sold a modest number of shares; transaction is small relative to typical insider stakes and likely neutral for valuation.

The reported sale of 3,500 shares at $23.63 reduced the reporting person’s direct holdings to 32,511 shares (including unvested RSUs). Additional indirect holdings total 1,089 shares across the 401(k) and NQDC plans. The filing contains no information about the rationale for the sale, hedging arrangements, or scheduled trading plans. On its face, the transaction represents routine liquidity by an officer and carries a neutral informational impact absent other material disclosures.

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
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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^*

Blasquez Anthony 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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
COMMON STOCK	08/21/2025		S		3,500	D	$23.63(1)	32,511(2)	D
COMMON STOCK								992	I	Company 401(k) Plan
COMMON STOCK								97	I	Company NQDC Plan

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. The price in Column 4 is the price at which all reported shares were sold.

2. Includes shares of common stock and unvested restricted stock units.

Remarks:

	/s/ Bryan Pechersky, attorney-in-fact	08/22/2025
	** 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 transaction did Anthony J. Blasquez report on Form 4 for UPBD?

The filing reports a sale of 3,500 shares of Upbound Group common stock on 08/21/2025 at a price of $23.63 per share.

How many shares does the reporting person beneficially own after the transaction?

After the sale the filing shows the reporting person beneficially owns 32,511 shares, which include common stock and unvested restricted stock units.

Are there any indirect holdings disclosed for the reporting person in the Form 4?

Yes. The Form 4 discloses 992 shares held indirectly in the company 401(k) plan and 97 shares in the company nonqualified deferred compensation plan.

When was the Form 4 signed and by whom?

The signature block shows the form was signed by Bryan Pechersky, attorney-in-fact on 08/22/2025.

Does the Form 4 indicate any option exercises, derivative transactions, or 10b5-1 plan activity?

No. The filing lists only non-derivative common stock transactions and does not state any derivative security activity or that the sale was made under a 10b5-1 plan.