Geoffrey Armstrong - Jul 5, 2022 Form 4 Insider Report for URBAN ONE, INC. (UONE)

Role
Director
Signature
Karen Wishart, Attorney-In-Fact
Stock symbol
UONE
Transactions as of
Jul 5, 2022
Transactions value $
$99,998
Form type
4
Date filed
7/6/2022, 05:43 PM
Previous filing
Jun 17, 2022
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UONE Class D Common Stock Award $50K +9.67K +5.16% $5.17 197K Jul 5, 2022 Direct F1
transaction UONE Class D Common Stock Award $50K +11.8K +6.01% $4.22 209K Jul 5, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting triggered by initial vest of a grant of restricted stock units under the Urban One, Inc. 2019 Equity and Performance Incentive Plan. As a non-employee director of Urban One, Inc., on July 6, 2021, Mr. Armstrong was granted restricted shares of Class D Common Stock with a fair market value of $50,000 on July 6, 2021. Based upon the closing price of $5.17 on July 6, 2021, Mr. Armstrong was granted a total of 9,671 restricted shares of Class D common stock that will vest in two (2) roughly equal installments. The first installment of 4,836 shares vested on July 5, 2022, and the second installment of 4,835 shares will vest on July 5, 2023. Reporting on future grants will be reported initial unvested grant as set forth in footnote 2 below.
F2 Represents an initial unvested grant of restricted stock units under the Urban One, Inc. 2019 Equity and Performance Incentive Plan. As a non-employee director of Urban One, Inc., on July 5, 2022, Mr. Armstrong was granted restricted shares of Class D Common Stock with a fair market value of $50,000. Based upon the closing price of $4.22 on July 5, 2022, Mr. Armstrong was granted a total of 11,848 restricted shares of Class D common stock. These restricted shares will vest in two (2) equal installments of 5,924 shares on July 5, 2023 and July 5, 2024.
F3 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 199,064 shares of Class D common stock for a total of 209,064 shares across all classes of Urban One, Inc. stock, Classes A, B, C, and D. This number does not include options as Mr. Armstrong currently holds no options.