Sec Form 4 Filing - Olsen Stephen W @ Aaron's Company, Inc. - 2024-10-03

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Olsen Stephen W
2. Issuer Name and Ticker or Trading Symbol
Aaron's Company, Inc. [ AAN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President
(Last) (First) (Middle)
400 GALLERIA PKWY SE, SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
10/03/2024
(Street)
ATLANTA, GA30339
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 10/03/2024 D 55,938 D 64,728 D
Common Stock 10/03/2024 D 64,728 D 0 D
< td style="text-align: center;">D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Stock Options (Right to Buy) $ 12 10/03/2024 37,852 ( 3 ) 03/06/2033 Common Stock, par value $0.50 per share 37,852 ( 3 ) 0 D
Stock Options (Right to Buy) $ 12.35 10/03/2024 D 31,752 ( 3 ) 02/25/2030 Common Stock, par value $0.50 per share 31,752 ( 3 ) 0 D
Stock Options (Right to Buy) $ 13.67 10/03/2024 D 5,257 ( 3 ) 03/02/2028 Common Stock, par value $0.50 per share 5,257 ( 3 ) 0 D
Stock Options (Right to Buy) $ 15.67 10/03/2024 D 12,036 ( 3 ) 02/21/2029 Common Stock, par value $0.50 per share 12,036 ( 3 ) 0 D
Stock Options (Right to Buy) $ 21.45 10/03/2024 D 20,130 ( 3 ) 02/25/2032 Common Stock, par value $0.50 per share 20,130 ( 3 ) 0 D
Stock Options (Right to Buy) $ 21.76 10/03/2024 D 23,520 ( 3 ) 03/02/2031 Common Stock, par value $0.50 per share 23,520 ( 3 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Olsen Stephen W
400 GALLERIA PKWY SE, SUITE 300
ATLANTA, GA30339
President
Signatures
/s/ Douglass L. Noe, by Power of Attorney for Stephen W. Olsen 10/07/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On June 16, 2024, The Aaron's Company, Inc., a Georgia corporation (the "Company"), entered into an Agreement and Plan of Merger (the "Merger Agreement") with IQVentures Holdings, LLC, an Ohio limited liability company ("Parent" or "IQVentures"), and Polo Merger Sub, Inc., a newly formed Georgia corporation and a wholly owned subsidiary of Parent ("Merger Sub"). At the time the Merger became effective on October 3, 2024 (the "Effective Time"), each share of the Company's common stock ("Common Stock") issued and outstanding was converted automatically into the right to receive $10.10 in cash.
( 2 )At the Effective Time, each share subject to an unvested restricted stock award ("RSA") was modified to reflect an award of restricted cash in an amount equal to $10.10, which will remain subject to the vesting terms of the original RSAs.
( 3 )At the Effective Time, each stock option which had a per share exercise price equal to or greater than $10.10 was cancelled for no consideration.

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