# EDGAR Filing Document

**Accession Number:** 0001791786
**File Stem:** 0000902664-25-003448
**Filing Date:** 2025-8
**Character Count:** 17549
**Document Hash:** 70675d76c4b475b0a438aaa62d8f8061
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000902664-25-003448.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0000902664-25-003448

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250808

**DATE AS OF CHANGE**: 20250808

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Uniti Group Inc.
- **CENTRAL INDEX KEY:** 0002020795
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 852262564
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95159
- **FILM NUMBER:** 251198885

**BUSINESS ADDRESS:**
- **STREET 1:** 2101 RIVERFRONT DRIVE, SUITE A
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72202
- **BUSINESS PHONE:** 501-850-0820

**MAIL ADDRESS:**
- **STREET 1:** 2101 RIVERFRONT DRIVE, SUITE A
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Windstream Parent, Inc.
- **DATE OF NAME CHANGE:** 20240422
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elliott Investment Management L.P.
- **CENTRAL INDEX KEY:** 0001791786

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** 360 S. ROSEMARY AVE, 18TH FLOOR
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401
- **BUSINESS PHONE:** 212-974-6000

**MAIL ADDRESS:**
- **STREET 1:** 360 S. ROSEMARY AVE, 18TH FLOOR
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**Uniti Group Inc.**

*(Name of Issuer)*

**Common Stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**912932100**

*(CUSIP Number)*

**Elliott Investment Management**<br>360 S. Rosemary Ave, 18th Floor<br>West Palm Beach FL 33401<br>212-974-6000

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**08/01/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **912932100** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Elliott Investment Management L.P.** | Name of reporting person<br>**Elliott Investment Management L.P.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**69319418.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**69319418.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**69319418.00** | Aggregate amount beneficially owned by each reporting person<br>**69319418.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**27.9%** | Percent of class represented by amount in Row (11)<br>**27.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

**Comment for Reporting Person:** Includes 10,307,199 shares of Common Stock underlying the Warrants (as defined below).

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.0001 per share

**(b) Name of Issuer:**
Uniti Group Inc.

**(c) Address of Issuer's Principal Executive Offices:**
2101 Riverfront Drive, Suite A, Little Rock, AR, 72202

**Item 4. Purpose of Transaction**

Pre-Closing Reorganization of Windstream and Merger of Old Uniti and Windstream into Wholly-Owned Subsidiary of the Issuer

On May 3, 2024, Windstream Holdings II, LLC ("Windstream") and Uniti Group Inc, a predecessor entity to the Issuer ("Old Uniti"), entered into an agreement and plan of merger pursuant to which the Issuer became a public company listed on Nasdaq (the "Merger Agreement").  Pursuant to the Merger Agreement, Windstream undertook a series of transactions in which: (i) Windstream completed an internal reorganization (the "Pre-Closing Reorganization") whereby (a) Windstream merged with and into a newly formed entity that was the surviving entity of such merger ("New Windstream Holdings II") and (b) the Issuer became the ultimate parent company of New Windstream Holdings II; and (ii) an indirect wholly-owned subsidiary of the Issuer merged with and into Old Uniti (the "Merger"), with Old Uniti surviving the Merger as an indirect wholly-owned subsidiary of the Issuer, such that both New Windstream Holdings II and Old Uniti became indirect wholly owned subsidiaries of the Issuer.

Prior to consummation of the Merger, the Elliott Funds were equity holders of both Windstream and Old Uniti.  At the closing of the Pre-Closing Reorganization, the Elliott Funds received (i) 52,910,291 shares of Common Stock, (ii) 337,538.59 shares of preferred stock of the Issuer having an aggregate initial liquidation preference of $337,538,593.18 (the "Series A Preferred Stock"), and (iii) warrants of the Issuer (the "Warrants") exercisable in exchange for up to 10,307,199 shares of Common Stock. At the effective time of the Merger, the Elliott Funds received 6,101,928 shares of Common Stock in exchange for 10,120,963 shares of Old Uniti common stock.

Series A Preferred Stock

The Series A Preferred Stock, with respect to dividend rights and rights upon the liquidation, winding-up or dissolution of Uniti, will rank senior to the Issuer's junior stock (including common stock), on a parity with all parity preferred stock of the Issuer and junior to all senior stock and existing and future indebtedness of the Issuer.

Holders of the Series A Preferred Stock will be entitled to receive cumulative dividends at the applicable dividend rate on the liquidation preference per share of the Series A Preferred Stock, payable quarterly in cash or compounded by adding to the liquidation preference of Series A Preferred Stock, at the option of the Issuer. The dividend rate will initially be 11% per year for the first six years after the initial issuance of the New Uniti Preferred Stock. The dividend rate will be increased by an additional 0.5% per year

The Issuer may redeem the Series A Preferred Stock at its option at any time at a price per share equal to (i) for the first three years after the initial issuance thereof, $1,400 minus any cash dividends paid on such Series A Preferred Stock and (ii) thereafter, 100% of the liquidation preference of the Series A Preferred Stock to be redeemed plus accrued and unpaid dividends on such Series A Preferred Stock.

Following the tenth anniversary of the initial issuance of the Series Preferred Stock, the Elliott Funds that hold the Series A Preferred Stock may require the Issuer to repurchase the Series A Preferred Stock at a price equal to 100% of the liquidation preference of the Series A Preferred Stock to be repurchased plus accrued and unpaid dividends on such Series A Preferred Stock. The aggregate liquidation preference of the Series A Preferred Stock that the Elliott Funds may require the Issuer to repurchase is subject to a cap and the Elliott Funds may not exercise such right more than once in any 12-month period.  In addition, upon a change of control of the Issuer, the Elliott Funds that hold the Series A Preferred Stock may require the Issuer to repurchase the Series A Preferred Stock at a price equal to 100% of the liquidation preference of the Series A Preferred Stock to be repurchased plus accrued and unpaid dividends on such shares of Series A Preferred Stock.

The Issuer may elect to settle any redemption or repurchase of the Series A Preferred Stock in cash or shares of Common Stock, with each share of Common Stock being valued for this purpose at the lesser of (i) the arithmetic average of the volume-weighted average prices per share (the "VWAP") of Common Stock over the 20 consecutive trading days ending on, and including, the fifth trading day immediately preceding the relevant redemption date or repurchase date, as the case may be, and (ii) the arithmetic average of the VWAP of Common Stock over the five consecutive trading days ending on, and including, the fifth trading day immediately preceding the relevant redemption date or repurchase date, as the case may be; provided that subject to certain conditions, the Elliott Funds that hold the Series A Preferred Stock may require the Issuer to settle any redemption or repurchase of a share of Series A Preferred Stock owned by such holder in shares of Common Stock subject to a cap equal to 20% of the total number of shares of Common Stock outstanding immediately following the closing of the Merger on a fully diluted basis divided by the number of shares of Series A Preferred Stock issued on the initial issue date.

The foregoing summary of the terms of the Series A Preferred Stock is qualified in its entirety by reference to the full terms of the Series A Preferred Stock set forth in the Certificate of Designations for the Series A Preferred Stock which is included as Exhibit 99.1 hereto and incorporated herein by reference.

Warrants

The Warrants were issued under a warrant agreement, dated as of August 1, 2025, between the Issuer and Equiniti Trust Company, LLC, as warrant agent (the "Warrant Agreement").  Subject to certain ownership limitations, each Warrant will entitle the holder to purchase, initially, one share of Common Stock for $0.01 per share during the exercise period, subject to customary adjustments set forth in the Warrant Agreement. The exercise period will commence on the third anniversary of the initial issuance date of the Warrants or, if earlier, upon any change of control of the Issuer or the redemption of the corresponding Series A Preferred Stock. The Issuer will settle the exercise of a Warrant on a cashless basis by delivering a number of shares of Common Stock with a value equal to the amount by which the market price of the Common Stock at the time of exercise as measured under the Warrant Agreement exceeds the strike price of $0.01 per share. The Warrants will expire on the tenth anniversary of the initial issuance date thereof

The foregoing summary of the terms of the Warrants is qualified in its entirety by reference to the full terms of the Warrant Agreement which is included as Exhibit 99.2 hereto and is incorporated herein by reference.

Elliott Stockholder Agreement and Registration Rights Agreement

In connection with Windstream and Old Uniti's entry into the Merger Agreement, EIM and certain of the Elliott Funds entered into a stockholder agreement with the Issuer (the "Elliott Stockholder Agreement") pursuant to which, the Reporting Person may select two of the nine members of the Issuer's board of directors (the "Board"). Pursuant to the Elliott Stockholder Agreement, the Reporting Person selected Mr. Paul Sunu and Ms. Mary McLaughlin to serve on the Board. Certain standstill restrictions provided in the Elliott Stockholder Agreement restrict the Reporting Person from acquiring additional shares of Common Stock, subject to certain exceptions, until thirty (30) days following the date the Reporting Person loses its right to select a director or ceases to have a director on the Board.

The Elliott Funds also entered into a Registration Rights Agreement with the Issuer (the "Registration Rights Agreement"), pursuant to which the Elliott Funds received customary piggyback and demand registration rights.

The foregoing descriptions of the Elliott Stockholder Agreement and the Registration Rights Agreement are qualified in their entireties by reference to the full texts of forms of the Elliott Stockholder Agreement, the Registration Rights Agreement, which are included as Exhibit 99.3 and Exhibit 99.4, respectively, hereto and are incorporated herein by reference.

The Reporting Person may communicate with the Issuer's management and Board about a broad range of operational, governance and strategic matters and may communicate with other shareholders or third parties regarding the Issuer. The Reporting Person may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. The Reporting Person may change its intentions with respect to any and all matters referred to in this item 4.  It may also take steps to explore and prepare for various plans and actions, and propose transactions, before forming an intention to engage in such plans or actions or proceed with such transactions.

The Reporting Person intends to review its investment in the Issuer on a continuing basis and depending upon various factors, including without limitation, the Issuer's financial position and strategic direction, the outcome of any discussions or matters referenced above, overall market conditions, other investment opportunities available to the Reporting Person, and the availability of securities of the Issuer at prices that would make the purchase or sale of such securities desirable, the Reporting Person may endeavor (i) to increase or decrease its position in the Issuer through, among other things, the purchase or sale of securities of the Issuer, including through transactions involving the Common Stock and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of securities of the Issuer in the open market or in private transactions, including through a trading plan created under Rule 10b5-1(c) or otherwise, on such terms and at such times as the Reporting Person may deem advisable and/or (ii) to enter into transactions that increase or hedge their economic exposure to the Common Stock or other securities of the Issuer without affecting their beneficial ownership of the Common Stock.  In addition, the Reporting Person may, at any time and from time to time, (i) review or reconsider its position and/or change its purpose and/or formulate plans or proposals with respect thereto and (ii) consider or propose one or more of the actions described in subparagraphs (a) - (j) of Item 4 of Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
See rows (11) and (13) of the cover page to this Schedule 13D for the aggregate number of shares of Common Stock and percentage of shares of Common Stock beneficially owned by the Reporting Person. The aggregate percentage of shares of Common Stock reported beneficially owned by the Reporting Person is based upon 238,426,306 shares of Common Stock estimated to be outstanding upon completion of the Merger, as disclosed in the Issuer's Prospectus filed pursuant to Rule 424(b)(3) with the Securities and Exchange Commission on February 12, 2025, and assumes exercise of the Warrants reported herein.

**(b)**
See rows (7) through (10) of the cover page to this Schedule 13D for the shares of Common Stock as to which the Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.

**(c)**
Except as described in Item 4, no transactions in the shares of Common Stock have been effected by the Reporting Person during the past sixty (60) days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The Reporting Person's response to Item 4 is incorporated by reference into this Item 6.

Except as set forth herein, the Reporting Person has no contracts, arrangements, understandings or relationships (legal or otherwise) with respect to any securities of the Issuer, including any class of the Issuer's securities used as a reference security, in connection with any of the following: call options, put options, security-based swaps or any other derivative securities, transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Elliott Investment Management L.P.

**Signature:** /s/ Elliot Greenberg

**Name/Title:** Elliot Greenberg, Vice President

**Date:** 08/08/2025