Form 4: Urban Outfitters Director Harry S. Cherken Jr. Sells Shares
SEC Form 4 Filing
Director Harry S. Cherken Jr. of Urban Outfitters Inc. sold a portion of his holdings on July 12, 2024.
Summary
- On July 12, 2024, Harry S. Cherken Jr., a director of Urban Outfitters Inc., sold shares of the company's common stock.
- He sold 3,782 shares at a weighted average price of $48.162, with prices ranging from $47.62 to $48.53.
- He also sold 1,218 shares at a weighted average price of $48.713, with prices ranging from $48.71 to $48.74.
- Following these transactions, Cherken directly owns 565,296 shares and indirectly owns 4,400 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.
Industry Context
Insider trading activity is always closely watched by investors as it can provide signals, though not always reliable, about a company's prospects. It is important to consider the overall context of the trading activity, including the size of the transactions and the individual's overall holdings.
Stakeholder Impact
- Shareholders may interpret the stock sale as a signal, although it's a relatively small portion of the director's holdings.
- The impact on employees, customers, suppliers, and creditors is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 07/12/2024 | Date of the stock sale transactions. |
| 07/16/2024 | Date of signature on the Form 4 filing. |
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