SCHEDULE 13G

CUSIP No.

91544A109

Names of Reporting Persons

Jalak Investments B.V.

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

NETHERLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,442,204.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,442,204.00

Aggregate Amount Beneficially Owned by Each Reporting Person

1,442,204.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

5.1 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: * Percentage is based upon 28,168,127 shares of common stock outstanding as of January 22, 2025 as confirmed by the issuer and its transfer agent.

SCHEDULE 13G

CUSIP No.

91544A109

Names of Reporting Persons

Petrus van Schaick

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

NETHERLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,442,204.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,442,204.00

Aggregate Amount Beneficially Owned by Each Reporting Person

1,442,204.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

5.1 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: * Percentage is based upon 28,168,127 shares of common stock outstanding as of January 22, 2025 as confirmed by the issuer and its transfer agent.

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Upland Software, Inc.

(b)

Address of issuer's principal executive offices:

401 Congress Ave., Suite 1850, Austin, TX 78701

Item 2.

(a)

Name of person filing:

This Schedule 13G is being filed by: (i) Jalak Investments B.V., a besloten vennootschap (or private limited company) formed in the Netherlands; and (ii) Petrus van Schaick, a Dutch citizen. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons". The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed as Exhibit 99.1 to this Schedule 13G, pursuant to which they have agreed to file this Schedule 13G and all subsequent amendments jointly in accordance with the provisions of Rule 13d-1(k) of the Act. The filing of this Schedule 13G should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein.

(b)

Address or principal business office or, if none, residence:

The principal business address of each Reporting Person is Beethovenstraat 475, 1083 HK Amsterdam, The Netherlands

(c)

Citizenship:

Incorporated by reference from Item 4 of the Cover Pages.

(d)

Title of class of securities:

Common Stock

(e)

CUSIP No.:

91544A109

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

(i) Jalak Investments B.V. is the direct record and beneficial owner of 1,442,204 shares of common stock of the issuer. (ii) Voting and investment power with respect to the shares of common stock owned by Jalak Investments B.V. may be deemed to be held by Mr. van Schaick as the sole shareholder of Jalak Investments B.V. Mr. van Schaick does not directly own the shares of common stock.

(b)

Percent of class:

Incorporated by reference from Item 11 of the Cover Pages.

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

Incorporated by reference from Item 5 of the Cover Pages.

(ii) Shared power to vote or to direct the vote:

Incorporated by reference from Item 6 of the Cover Pages.

(iii) Sole power to dispose or to direct the disposition of:

Incorporated by reference from Item 7 of the Cover Pages.

(iv) Shared power to dispose or to direct the disposition of:

Incorporated by reference from Item 8 of the Cover Pages.

Item 5.

Ownership of 5 Percent or Less of a Class.

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

Jalak Investments B.V.

Signature:	/s/ Petrus van Schaick
Name/Title:	Petrus van Schaick/ Sole Shareholder
Date:	01/30/2025

Petrus van Schaick

Signature:	/s/ Petrus van Schaick
Name/Title:	Petrus van Schaick
Date:	01/30/2025

Exhibit Information

Exhibit 99.1 - Agreement of Joint Filing, dated as of January 29, 2025, by and between the Reporting Persons.