Hubert L. Harris Jr. - 03 Oct 2024 Form 4 Insider Report for Aaron's Company, Inc. (AAN)

Role
Director
Signature
/s/ Douglass L. Noe, by Power of Attorney for Hubert L. Harris Jr.
Issuer symbol
AAN
Transactions as of
03 Oct 2024
Transactions value $
$0
Form type
4
Filing time
07 Oct 2024, 17:05:34
Previous filing
20 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AAN Common Stock Disposed to Issuer -2.47K -4.82% 48.7K 03 Oct 2024 Direct F1
transaction AAN Common Stock Disposed to Issuer -48.7K -100% 0 03 Oct 2024 Direct F2
transaction AAN Common Stock Disposed to Issuer -2K -100% 0 03 Oct 2024 Spouse F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Hubert L. Harris Jr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 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.
F2 At the Effective Time, each restricted stock unit ("RSU") fully vested (to the extent not yet vested) and was cancelled and converted into the right to receive an amount in cash equal to $10.10.