Douglas A. Lindsay - Oct 3, 2024 Form 4 Insider Report for Aaron's Company, Inc. (AAN)

Role
Chief Executive Officer, Director
Signature
/s/ Douglass L. Noe, by Power of Attorney for Douglas A. Lindsay
Stock symbol
AAN
Transactions as of
Oct 3, 2024
Transactions value $
$0
Form type
4
Date filed
10/7/2024, 05:02 PM
Previous filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AAN Common Stock Disposed to Issuer -283K -75.98% 89.5K Oct 3, 2024 Direct F1
transaction AAN Common Stock Disposed to Issuer -89.5K -100% 0 Oct 3, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AAN Stock Options (Right to Buy) Disposed to Issuer -63.6K -100% 0 Oct 3, 2024 Common Stock, par value $0.50 per share 63.6K $6.55 Direct F3
transaction AAN Stock Options (Right to Buy) Disposed to Issuer -49K -100% 0 Oct 3, 2024 Common Stock, par value $0.50 per share 49K $7.86 Direct F3
transaction AAN Stock Options (Right to Buy) Disposed to Issuer -84.5K -100% 0 Oct 3, 2024 Common Stock, par value $0.50 per share 84.5K $10.06 Direct F3
transaction AAN Stock Options (Right to Buy) Disposed to Issuer -141K -100% 0 Oct 3, 2024 Common Stock, par value $0.50 per share 141K $12.00 Direct F4
transaction AAN Stock Options (Right to Buy) Disposed to Issuer -78.4K -100% 0 Oct 3, 2024 Common Stock, par value $0.50 per share 78.4K $13.67 Direct F4
transaction AAN Stock Options (Right to Buy) Disposed to Issuer -60.2K -100% 0 Oct 3, 2024 Common Stock, par value $0.50 per share 60.2K $15.67 Direct F4
transaction AAN Stock Options (Right to Buy) Disposed to Issuer -75.2K -100% 0 Oct 3, 2024 Common Stock, par value $0.50 per share 75.2K $21.45 Direct F4
transaction AAN Stock Options (Right to Buy) Disposed to Issuer -104K -100% 0 Oct 3, 2024 Common Stock, par value $0.50 per share 104K $21.76 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Douglas A. Lindsay 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 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.
F3 At the Effective Time, each stock option which had a per share exercise price less than $10.10 was cancelled and converted into the right to receive an amount in cash equal to (1) $10.10 minus the exercise price per share subject to such stock option multiplied by (2) the total number of shares of Common Stock subject to such stock option.
F4 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.