HAYNE RICHARD A 4
4 · URBAN OUTFITTERS INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Urban Outfitters (URBN) 10% Owner Richard Hayne Sells Shares
What Happened
- Richard A. Hayne, a reported 10% owner of Urban Outfitters, sold a total of 40,000 shares in open‑market transactions on Feb 17–18, 2026 for total proceeds of about $2,822,080. Individual reported trades include 10,623 and 9,296 shares at ~$70.20, smaller blocks at ~$71.43 on Feb 17, and 7,414; 6,487; 3,253; and 2,846 shares at roughly $70.77–$71.20 on Feb 18. These were sales (not purchases), and were effected pursuant to a prearranged trading plan.
Key Details
- Transaction dates: Feb 17, 2026 and Feb 18, 2026.
- Total sold: 40,000 shares for approximately $2.82 million.
- Reported prices: weighted averages shown on the filing (individual trade prices/averages near $70.00–$71.67; ranges disclosed in footnotes).
- Plan disclosure: filing notes the trades were effected pursuant to a Rule 10b5‑1 trading plan adopted 7/10/2025.
- Ownership/beneficial interest: several footnotes indicate many of the shares were held indirectly or in trusts (Hayne disclaims beneficial ownership of those shares except for any pecuniary interest).
- Shares owned after transaction: not specified in the data you provided.
- Filing timeliness: filing date 2026‑02‑19 for trades on 2/17–2/18 (no late‑filing flag shown in the provided details).
Context
- As a 10% owner, Hayne’s sales are institutional/insider transactions but not necessarily executive compensation moves; sales under a 10b5‑1 plan are typically prearranged and can be routine portfolio management rather than a signal about company prospects. Retail investors should view this as insider selling activity but not draw definitive conclusions about company fundamentals from sales alone.
Insider Transaction Report
Form 4
HAYNE RICHARD A
DirectorCEO & Chairman of the Board10% Owner
Transactions
- Sale
Common Shares
[F2][F1]2026-02-17$70.20/sh−10,623$745,713→ 17,473,260 total - Sale
Common Shares
[F2][F1][F3]2026-02-17$70.20/sh−9,296$652,561→ 1,954,747 total(indirect: By Trust) - Sale
Common Shares
[F1]2026-02-17$71.43/sh−44$3,143→ 17,473,216 total - Sale
Common Shares
[F1][F3]2026-02-17$71.43/sh−37$2,643→ 1,954,710 total(indirect: By Trust) - Sale
Common Shares
[F4][F1]2026-02-18$70.77/sh−7,414$524,674→ 17,465,802 total - Sale
Common Shares
[F4][F1][F3]2026-02-18$70.77/sh−6,487$459,072→ 1,948,223 total(indirect: By Trust) - Sale
Common Shares
[F5][F1]2026-02-18$71.20/sh−3,253$231,627→ 17,462,549 total - Sale
Common Shares
[F5][F1][F3]2026-02-18$71.20/sh−2,846$202,647→ 1,945,377 total(indirect: By Trust)
Holdings
- 23,480(indirect: By 401(k))
Common Shares
[F3] - 185,573(indirect: By Trust)
Common Shares
[F6] - 35,140(indirect: By Foundation)
Common Shares
[F3] - 1,176,273(indirect: By Spouse)
Common Shares
[F7] - 11,300(indirect: By Spouse)
Common Shares
[F3] - 2,597,268(indirect: By Trust)
Common Shares
[F3][F8]
Footnotes (8)
- [F1]The reported transaction was effected pursuant to a Rule 105b-1 trading plan adopted by the reporting person on 7/10/2025.
- [F2]The price in Column 4 is a weighted average price. The price actually received ranged from $70.00 to $70.80. The reporting person undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
- [F3]These shares are owned indirectly by Richard A. Hayne and indirectly by his spouse, Margaret Hayne. Richard A. Hayne disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
- [F4]The price in Column 4 is a weighted average price. The price actually received ranged from $70.01 to $71.005. The reporting person undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
- [F5]The price in Column 4 is a weighted average price. The price actually received ranged from $71.01 to $71.665. The reporting person undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
- [F6]These shares are held by two trusts of which members of Richard A. Hayne's immediate family are among the beneficiaries. Mr. Hayne serves as trustee of each trust and disclaims beneficial ownership of the issuer's common shares held by the trusts, except to the extent of his pecuniary interest therein.
- [F7]These shares are owned indirectly by Richard A. Hayne and directly by his spouse, Margaret Hayne. Richard A. Hayne disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
- [F8]These shares are owned by three trusts, of which members of Margaret Hayne's immediate family are among the beneficiaries.
Signature
/s/ Richard A. Hayne|2026-02-19