BROWN JEFFREY J 4

What Happened
Jeffrey J. Brown, a director of Upbound Group, acquired shares on July 7, 2026. He made two purchases totaling 2,295 shares at $20.09 each (454 shares = $9,121; 1,841 shares = $36,986) and received a grant of 2,524 Director Deferred Stock Units valued at $20.53 each ($51,818). Total economic value of these transactions is about $97,925. The purchases were via dividend reinvestment features in brokerage accounts tied to his trust and an entity he owns; the award is a derivative (deferred units).

Key Details

• Transaction dates: July 7, 2026; Form 4 filed July 9, 2026 (within the typical 2-business-day filing window).
• Purchases (code P): 454 shares @ $20.09 (≈ $9,121); 1,841 shares @ $20.09 (≈ $36,986).
• Award/derivative (code A): 2,524 Director Deferred Stock Units @ $20.53 (≈ $51,818).
• Total shares acquired including deferred units: 4,819; total value ≈ $97,925.
• Shares owned following the reported transactions: Not disclosed in the filing.
• Footnotes: Purchases were made via dividend reinvestment features in brokerage accounts (Jeffrey J. Brown Living Trust and Brown Equity Partners, LLC). The deferred units are fully vested and non-forfeitable and represent the right to one share each to be issued upon termination of board service.

Context
Purchases via dividend reinvestment (DRIP) often represent automatic reinvestment of dividends rather than active market timing. The Director Deferred Stock Units are not immediate share issuances—they are a vested right to receive shares later (upon termination of board service), so they increase future share entitlement rather than immediate voting/settled shares. The filing appears timely (filed two days after the transactions).