Urban One (UONEK) Director Geoffrey Armstrong Receives Award

What Happened

• Geoffrey Armstrong, a director of Urban One, received a grant of 17,442 restricted shares on July 15, 2026. The Form 4 reports the acquisition price as $0.00 because this was an equity award (transaction code A).
• The award was sized by dividing a $75,000 grant value by the Class D closing price of $4.30 on July 15, 2026 (75,000 / 4.30 ≈ 17,442 shares).
• This is a grant of compensation equity rather than an open-market purchase or sale — neither a buy nor a sell signal in the usual sense.

Key Details

• Transaction date: 2026-07-15; Form 4 filed: 2026-07-16 (one day later).
• Shares granted: 17,442 restricted shares; reported acquisition price: $0.00; grant value used to calculate shares: $75,000 based on $4.30 closing price.
• Vesting: Per footnote, the restricted shares vest in two equal annual installments beginning July 15, 2027.
• Holdings after transaction: The filing references total holdings across all classes per footnote, but the specific post-transaction share total is not provided in the excerpt.
• Regulatory note: Footnote indicates this award was made pursuant to Rule 16b-3 (typical exemption for certain insider awards).

Context

• Restricted stock awards are a form of compensation and are common for directors and executives; they do not reflect an open-market purchase and are not an immediate cash transaction.
• Vesting schedule means Armstrong cannot sell the full grant immediately; future sales (if any) would be reported separately on subsequent Form 4s.