Alfred C. Liggins - 06 Feb 2023 Form 4 Insider Report for URBAN ONE, INC. (UONE)

Role
CEO, Director, 10%+ Owner
Signature
Karen Wishart, Attorney-in-Fact
Issuer symbol
UONE
Transactions as of
06 Feb 2023
Net transactions value
-$407,844
Form type
4
Filing time
08 Feb 2023, 19:36:51 UTC
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 UONE Class D Common Stock Award $0 +266,232 +2.2% $0.000000 12,591,086 06 Feb 2023 Direct F1
transaction UONE Class D Common Stock Tax liability $407,844 -79,193 -0.63% $5.15 12,511,893 06 Feb 2023 Direct F2, F3

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 Class D Common Stock Award $0 +162,535 +7.4% $0.000000 2,367,934 06 Feb 2023 Class D Common Stock 162,535 $5.15 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award vested immediately upon pricing
F2 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) 620,918 shares of Class A common stock (exclusive of Class A RSUs noted in footnote 4 below); (2) 2,010,307 shares of Class B common stock held by the Alfred C. Liggins Revocable Trust; (3) 920,456 shares of Class C common stock held by the Dynastic Trust U/A/D; (4) 3,713,487 shares of Class D common stock held by Alfred C. Liggins; (5) 3,896,734 shares of Class D common stock held by the Alfred C. Liggins Revocable Trust; (continued in next footnote)
F3 continued from previous footnote) (6) 3,012,237 shares of Class D common stock held by the Alfred C. Liggins Revocable Trust U/A/D; (7) 1,519,128 shares of Class D common stock held by the Alfred C. Liggins Revocable Trust UA; (8) 338,808 shares of Class D common stock held by the Dynastic Trust U/A/D; and (9) 31,499 shares of Class D common stock held by the Hughes-Liggins Co., LLC
F4 The reporting person also holds 468,750 Restricted Class A Stock Units in addition to the derivative securities reported in Table II.