CHERKEN HARRY S JR 4

What Happened
Harry S. Cherken Jr., a director of Urban Outfitters, had derivative activity on June 2–3, 2026. The filing shows a conversion/exercise of a derivative on 2026-06-02 for 2,100 shares, a same-day disposition of 2,100 derivative units reported at $0.00, and a grant/award on 2026-06-03 of 2,100 restricted stock units (RSUs) at $0.00. The transactions are shown at $0, indicating these were awards/settlements of derivative/RSU rights rather than open-market purchases or cash sales.

Key Details

• Transaction dates: 2026-06-02 (exercise/conversion and derivative disposition), 2026-06-03 (grant/award).
• Reported prices: exercise/conversion line shows N/A; disposal reported at $0.00 (derivative); grant reported at $0.00.
• Shares involved: 2,100 units in each line (exercise/conversion, disposition, grant).
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnotes: F1—each RSU equals a contingent right to one common share; F2—RSUs vest on the earlier of June 3, 2026 or the day before the 2026 annual meeting if the director remains in office; F3—some RSUs vest on the earlier of June 3, 2027 or the day before the 2027 annual meeting if the director remains in office.
• Filing timeliness: Report filed 2026-06-04 covering transactions with a 2026-06-02 period — appears timely (Form 4 is generally due within two business days).

Context

• RSUs are compensatory awards that convert to shares only upon vesting; they do not represent an open-market purchase and are not a direct cash investment signal.
• The June 2 “M” code refers to exercise or conversion of a derivative instrument; the $0.00 disposal and $0.00 grant lines indicate settlement/award mechanics rather than a sale for proceeds.
• These entries are routine director compensation/settlement-type transactions and should be read as such rather than as a straightforward buy or sell indicative of market sentiment.