Aaron Allred Discloses 5.1M Share Stake in Upbound Group

TL;DR

**Aaron Allred owns over 5.1 million shares of Upbound Group, signaling a big personal bet on the company.**

AI Summary

Aaron Allred, an individual investor, has updated his beneficial ownership in Upbound Group Inc. (formerly Rent-A-Center Inc.) as of December 31, 2023. He now beneficially owns a total of 5,102,682 shares of common stock, representing a significant stake in the company. This filing indicates a substantial personal investment and continued interest in Upbound Group's performance, which could signal confidence to other investors.

Why It Matters

This filing shows a major individual investor, Aaron Allred, holds a significant stake in Upbound Group, which can influence company decisions and potentially signal confidence to other shareholders.

Risk Assessment

Risk Level: low — This filing is an update on an existing significant ownership, not a new, volatile event, indicating stability.

Analyst Insight

Investors should note that a significant individual investor maintains a large stake, which could be a sign of long-term confidence in Upbound Group. This filing doesn't suggest immediate action but provides context on major shareholder alignment.

Key Numbers

• 5,102,682 — Total Shares Beneficially Owned (This is the aggregate amount of Upbound Group Inc. common stock Aaron Allred beneficially owns as of December 31, 2023.)
• 2,206,082 — Sole Voting and Dispositive Power (Represents the number of shares over which Aaron Allred has sole control for voting and disposition.)
• 2,896,600 — Shared Voting and Dispositive Power (Represents the number of shares over which Aaron Allred shares control for voting and disposition.)

Key Players & Entities

• Aaron Allred (person) — Reporting Person, individual investor
• Upbound Group Inc. (company) — Subject Company, formerly Rent-A-Center Inc.
• 5,102,682 (dollar_amount) — Aggregate shares beneficially owned by Aaron Allred

Forward-Looking Statements

• Aaron Allred will maintain a significant ownership stake in Upbound Group Inc. for the foreseeable future. (Aaron Allred) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.01 — . Item 2(e). Common Stock, par value $0.01 per share (the “Common Stock&rdqu

Filing Documents

• tm243769d1_sc13ga.htm (SC 13G/A) — 74KB
• 0001104659-24-010066.txt ( ) — 75KB

From the Filing

SC 13G/A 1 tm243769d1_sc13ga.htm SC 13G/A UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Upbound Group Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 76009N100 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 76009N100 1 Name of Reporting Person: Aaron Allred I.R.S. Identification Number of Above Person (Entities Only): 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Citizenship or Place of Organization United States Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 2,206,082 (1) 6 Shared Voting Power 2,896,600 (2) 7 Sole Dispositive Power 2,206,082 (1) 8 Shared Dispositive Power 2,896,600 (2) 9 Aggregate Amount Beneficially Owned by Each Reporting Person 5,102,682 (1) (2) 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares 11 Percent of Class Represented by Amount in Row (9) 9.4% (1)(2)(3) 12 Type of Reporting Person IN (1) Includes (a) 2,200,813 shares of Common Stock held by the Reporting Person and (b) 5,269 shares of Common Stock that the Reporting Person has the right to acquire from the Issuer within sixty days of December 31, 2023 pursuant to the vesting of restricted stock units. (2) Includes 2,896,600 shares owned by Arklow Holdings, LLC, a Utah limited liability company owned by the Reporting Person and certain family members. (3) Based on 54,294,852 shares of Common Stock outstanding as reported by the Issuer in its Form 10-Q filed with the SEC on November 2, 2023. Item 1(a). Name of Issuer. Item 1(b). The name of the issuer is Upbound Group, Inc. (the “Issuer”). Address of Issuer’s Principal Executive Offices. Item 2(a). The principal executive offices of the Issuer are located at 5501 Headquarters Drive, Plano, TX 75024. Names of Persons Filing. Item 2(b). This Schedule 13G is filed on behalf of Aaron Allred. Address or Principal Business Office or, if none, Residence. Item 2(c). c/o Acima Digital 13907 Minuteman Dr, 5th Floor, Draper, UT 84020. Citizenship. Item 2(d). Aaron Allred is a citizen of the United States of America. Title of Class of Securities. Item 2(e). Common Stock, par value $0.01 per share (the “Common Stock”). CUSIP Number. 76009N100 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-3(b) or (c), check whether the person filing is a: Not Applicable (a) Broker or dealer registered under section 15 of the Act; (b) Bank as defined in section 3(a)(6) of the Act; (c) Insurance company as defined in section 3(a)(19) of the Act; (d) Investment company registered under section 8 of the Investment Company Act of 1940; (e) An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K). Item 4. The information required by Item 4 is set forth in Rows 5-11 of the cover page hereto and is incorporated herein by reference for the Reporting Person. The Reporting Person is (a) the record owner of 2,200,813 shares of Common Stock and (b) has the right to acquire an additional 5,269 shares of Common Stock from the Issuer within sixty days of December 31, 2023 pursuant to the vesting of restricted stock units, with respect to which he has sole voting and dispositive power. The Reporting Person is a general member and manager of Arklow Holdings, LLC, a Utah limited liability company (the “LLC”) and record owner of 2,896,600 shares of

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