HAYNE RICHARD A 4
4 · URBAN OUTFITTERS INC · Filed Feb 23, 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 (URBN), sold a total of 24,682 shares in multiple open-market transactions on February 19–20, 2026, generating approximately $1,738,127. These were all sales (dispositions), not purchases.
- Trades included: 2,497 shares at a weighted avg $70.10 ($175,042); 2,185 at $70.10 ($153,171); 9,120 at $70.40 ($642,030); 7,980 at $70.40 ($561,776); 1,547 at $71.07 ($109,948); and 1,353 at $71.07 ($96,160).
Key Details
- Transaction dates: Feb 19–20, 2026. Filing date: Feb 23, 2026 (Form 4) — appears to be filed timely.
- Price ranges (per footnotes): sales ranged roughly from $70.00 to $71.10; some line items report weighted-average prices and disclose narrower sub-ranges (e.g., $70.005–$70.24; $70.00–$70.96; $71.03–$71.10). The filer offers to provide per-price breakdown on request.
- Shares owned after transaction: not specified in the data provided here.
- Notable footnotes: transactions were effected pursuant to a Rule 105b-1 trading plan adopted 7/10/2025. Several footnotes state the shares sold are owned indirectly (by Mr. Hayne and/or his spouse) or held in family trusts; Mr. Hayne disclaims beneficial ownership of certain shares except to the extent of any pecuniary interest.
Context
- These are sales by a 10% owner, executed under a pre-established trading plan, which typically directs trades according to a preset schedule/parameters rather than new discretionary decisions. Such sales are routine and do not by themselves indicate a change in company prospects.
- For retail investors: purchases are generally more informative about insider sentiment than routine plan-driven sales; this filing documents disposition activity and associated disclosures, not an acquisition.
Insider Transaction Report
Form 4
HAYNE RICHARD A
DirectorCEO & Chairman of the Board10% Owner
Transactions
- Sale
Common Shares
[F2][F1]2026-02-19$70.10/sh−2,497$175,042→ 17,460,052 total - Sale
Common Shares
[F2][F1][F3]2026-02-19$70.10/sh−2,185$153,171→ 1,943,192 total(indirect: By Trust) - Sale
Common Shares
[F4][F1]2026-02-20$70.40/sh−9,120$642,030→ 17,450,932 total - Sale
Common Shares
[F4][F1][F3]2026-02-20$70.40/sh−7,980$561,776→ 1,935,212 total(indirect: By Trust) - Sale
Common Shares
[F5][F1]2026-02-20$71.07/sh−1,547$109,948→ 17,449,385 total - Sale
Common Shares
[F5][F1][F3]2026-02-20$71.07/sh−1,353$96,160→ 1,933,859 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 $70.005 to $70.24. 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 $70.00 to $70.96. 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 $71.03 to $71.10. 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|2026-02-23