Catherine L. Hughes - 06 Feb 2023 Form 4/A - Amendment Insider Report for URBAN ONE, INC. (UONE)

Role
Chairperson & Secretary, Director, 10%+ Owner
Signature
Karen Wishart
Issuer symbol
UONE
Transactions as of
06 Feb 2023
Net transactions value
-$283,291
Form type
4/A - Amendment
Filing time
23 Oct 2023, 20:53:27 UTC
Date Of Original Report
17 Feb 2023
Previous filing
09 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UONEK Class D Common Stock Award $0 +165,883 +3.7% $0.000000 4,697,088 06 Feb 2023 Direct F1, F2
transaction UONEK Class D Common Stock Tax liability $283,291 -55,008 -1.2% $5.15 4,642,080 06 Feb 2023 Direct F3, F4

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 UONEK Stock Option (Class D) Award $0 +101,272 +8% $0.000000 1,365,311 06 Feb 2023 Class D Common Stock 101,272 $5.15 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4A is being filed is to adjust ownership totals due to a rounding error in the calculation method in relation to a February 2023 grant vesting. The Amendment increases Class D Common Stock ownership by 6,144 shares and option ownership by 3,751 options to purchase Class D shares.
F2 Award vested immediately upon pricing.
F3 Urban One, Inc. has four classes of stock, Classes A, B, C, and D. Across all classes the reporting persons owns Urban One, Inc. stock as follows: (1) zero shares of Class A common stock (exclusive of Class A RSUs noted in footnote 4 below); (2) 851,536 shares of Class B common stock held by the Hughes Revocable Trust; (3) 247,366 shares of Class C common stock held by the Hughes Revocable Trust U/A/D; (4) 1,124,560 shares of Class C common stock held by Dynastic Trust U/A/D; (5) 15,605 shares of Class C common stock held by the Hughes-Liggins Co., LLC; (continued in next footnote)
F4 (continued from previous footnote) (6) 825,938 shares of Class D common stock held by the Catherine Hughes; (7) 1,015,937 shares of Class D common stock held by the Hughes Revocable Trust; (8) 494,732 shares of Class D common stock held by the Hughes Revocable Trust U/A/D; (cont.) and (9) 1,749,464 shares of Class D common stock held by the Hughes Revocable Trust UA; (10) 520,404 shares of Class D Common Stock held by the Dynastic Trust U/A/D; and (11) 31,499 shares of Class D common stock held by the Hughes-Liggins Co., LLC.
F5 The reporting person also holds 281,250 Restricted Class A Stock Units in addition to the derivative securities reported in Table II.