SCHEDULE 13G/A: Aaron Allred Discloses 8.3% Beneficial Ownership in Upbound Group, Inc.
Beneficial Ownership Report
Aaron Allred has filed an amended Schedule 13G, revealing an 8.3% beneficial ownership stake in Upbound Group, Inc. as of December 31, 2024.
Summary
- Aaron Allred reported beneficial ownership of 4,569,071 shares of Upbound Group, Inc. common stock.
- This aggregate amount represents 8.3% of the company's total outstanding common stock.
- The ownership includes 1,898,067 shares over which Mr. Allred has sole voting and dispositive power, held through Alterra Holdings, LLC, where he is the sole manager.
- Additionally, Mr. Allred has shared voting and dispositive power over 2,671,004 shares, held through Arklow Holdings, LLC, where he is a general member and manager.
- The percentage of ownership is calculated based on 54,699,602 shares of Common Stock outstanding as of October 24, 2024, as reported in the Issuer's 10-Q filed on October 31, 2024.
- The filing is an Amendment No. 3 to a Schedule 13G, indicating a previous filing for this beneficial ownership.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing beneficial ownership. It contains factual information about shareholdings and does not convey positive or negative sentiment regarding the company's performance or outlook.
Positives
- The reporting person, Aaron Allred, certified that the securities were not acquired or held for the purpose of changing or influencing the control of Upbound Group, Inc., indicating a passive investment stance.
Future Outlook
NA
Industry Context
This filing is a standard regulatory disclosure of significant beneficial ownership, common for large investors or funds acquiring stakes in publicly traded companies. It does not provide specific industry context or trends beyond the ownership structure of Upbound Group, Inc.
Stakeholder Impact
- Provides transparency to shareholders regarding a significant beneficial ownership stake in the company.
Key Dates
| Date | Description |
|---|---|
| October 24, 2024 | Date as of which 54,699,602 shares of Common Stock were outstanding, as reported in the Issuer's 10-Q. |
| October 31, 2024 | Date the Issuer's 10-Q was filed, reporting the shares outstanding. |
| December 31, 2024 | Date of event which requires the filing of this statement. |
| February 13, 2025 | Date the Schedule 13G Amendment No. 3 was signed. |
Keywords
Upbound Group Inc., Aaron Allred, Schedule 13G, beneficial ownership, common stock, SEC filing, institutional ownership, passive investment
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