D. Geoffrey Armstrong - 11 May 2022 Form 4 Insider Report for URBAN ONE, INC. (UONE)

Role: Director
Signature: Karen Wishart, Attorney-In-Fact
Issuer symbol: UONE
Transactions as of: 11 May 2022
Net transactions value: -$182,375
Form type: 4
Filing time: 13 May 2022, 16:45:49 UTC
Previous filing: 12 Apr 2022
Next filing: 19 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UONE	Class D Common Stock	Options Exercise		+30,120	+17%		208,541	11 May 2022	Direct	F1
transaction	UONE	Class D Common Stock	Sale	$90,482	-14,931	-7.2%	$6.06	193,610	11 May 2022	Direct	F2, F3
transaction	UONE	Class D Common Stock	Sale	$91,893	-15,189	-7.8%	$6.05	178,421	11 May 2022	Direct	F2, 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	UONE	Restricted Stock Unit	Options Exercise	$0	-30,120	-13%	$0.000000	208,541	11 May 2022	Class D Common Stick	30,120	$0.8300	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the exercise of previously granted restricted stock unit options, with an exercise price of $0.83 per share. These options were to expire on June 5, 2022.
F2	A majority of the proceeds from these sales will be used to cover the reporting person's tax liability arising from option exercises.
F3	The price reported in Column 4 is a weighted average price upon sake after exercise of the underlying stock options. The reporting person undertakes to provide to Urban One, Inc., any security holder of Urban One, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F4	The total represents all Class A and Class D common stock shares held by the reporting person. After the transaction reported herein, the reporting person additionally beneficially owns 10,000 shares of Class A common stock and 168,421 shares of Class D common stock for a total of 178,421 shares across all classes of Urban One, Inc. stock, Classes A, B, C, and D. This number does not include options as per the transactions reported herein Mr. Armstrong no longer holds options.