Maredia Amin N. 4

What Happened

• Maredia Amin, a director of Urban Outfitters (URBN), had a derivative conversion on 2026-06-02 and was recorded as receiving a grant of 2,100 restricted stock units (RSUs) on 2026-06-03. The reported transactions show an exercise/conversion (code M) of 2,100 derivative units and a simultaneous disposition at $0, followed by an award/acquisition (code A) of 2,100 RSUs at $0. No cash proceeds were reported.

Key Details

• Dates and codes: 2026-06-02 (M: exercise/conversion; acquisition and a reported disposition at $0), 2026-06-03 (A: grant/award of 2,100 RSUs at $0).
• Price/value: $0 for the reported disposition and the RSU grant — indicates a non‑cash conversion/award rather than an open‑market purchase or sale.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each RSU equals a contingent right to one common share; F2/F3 — RSUs vest on the earlier of June 3, 2026 (or day before the 2026 annual meeting) and June 3, 2027 (or day before the 2027 annual meeting), conditional on continued service as a director.
• Timeliness: Form filed 2026-06-04 for transactions dated 2026-06-02/03; appears to be filed within the usual Form 4 reporting window.

Context

• This appears to be a director compensation/award event (conversion of a derivative instrument and grant of RSUs) rather than an open‑market buy or sale. RSUs represent a future contingent right to shares and typically vest over time; they do not represent an immediate cash purchase or liquidating sale. Such awards are common for board compensation and should be viewed as routine disclosure of equity compensation rather than a direct market signal.