Form 4: Urban One Director Terry L. Jones Acquires Shares Through Restricted Stock Award

Director Terry L. Jones acquired 9,025 shares of Urban One, Inc. Class D Common Stock through a restricted stock award that vests in two equal installments beginning March 6, 2025.

Summary

• On March 5, 2024, Terry L. Jones, a director of Urban One, Inc., acquired 9,025 shares of Class D Common Stock.
• The acquisition was part of a restricted stock award under Rule 16b-3.
• The shares will vest in two equal installments starting March 6, 2025.
• The number of shares was determined by dividing $25,000 by the closing price of Urban One's Class D shares on March 5, 2024, which was $2.77.
• Following the transaction, Jones beneficially owns 319,248 shares across all classes (A, B, C, and D) of Urban One stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director is generally a good sign, but it's a routine transaction.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Future Outlook

The restricted stock award vests in two equal installments beginning March 6, 2025, indicating a long-term incentive for the director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's increased stake in the company, which can be viewed positively by investors.

Stakeholder Impact

• The increased stake of a director may positively influence shareholder confidence.

Key Dates