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

Role
Director
Signature
Karen Wishart, Attorney-In-Fact
Stock symbol
UONE
Transactions as of
May 11, 2022
Transactions value $
-$182,375
Form type
4
Date filed
5/13/2022, 04:45 PM
Previous filing
Apr 12, 2022
Next filing
May 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UONE Class D Common Stock Options Exercise +30.1K +16.88% 209K May 11, 2022 Direct F1
transaction UONE Class D Common Stock Sale -$90.5K -14.9K -7.16% $6.06 194K May 11, 2022 Direct F2, F3
transaction UONE Class D Common Stock Sale -$91.9K -15.2K -7.85% $6.05 178K May 11, 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 -30.1K -12.62% $0.00 209K May 11, 2022 Class D Common Stick 30.1K $0.83 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.