ANTOIAN EDWARD N 4

What Happened

• Edward N. Antoian, a director of Urban Outfitters, Inc. (URBN), executed derivative transactions on June 2, 2026 and received an award on June 3, 2026. The filing reports an exercise/conversion of 2,100 derivative shares (transaction code M) and a reported disposition of 2,100 shares at $0 on June 2, followed by a grant/award (transaction code A) of 2,100 restricted stock units (RSUs) on June 3, 2026. All reported prices are $0 (no cash proceeds shown).

Key Details

• Transaction dates and types: 6/02/2026 — exercise/conversion of 2,100 derivative shares (M) and disposition of 2,100 shares at $0; 6/03/2026 — grant/award of 2,100 RSUs (A) at $0.
• Reported consideration: $0 (prices shown as N/A or $0); total cash value reported = $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Each RSU equals a contingent right to receive one common share.
  • F2/F3: Vesting schedule — RSUs vest on the earlier of June 3, 2026 (or the day before the 2026 annual meeting) and a second schedule vests on the earlier of June 3, 2027 (or the day before the 2027 annual meeting), conditioned on continued service as a director.
• Timeliness: Filing dated 2026-06-04 for transactions on 2026-06-02/03 — appears timely (not marked late).

Context

• Transaction codes: M = exercise or conversion of a derivative; A = grant/award. Dispositions shown at $0 typically indicate a non-cash conversion/settlement (e.g., conversion into RSUs or shares) rather than an open-market sale for cash. The filing shows an exercise/conversion and an immediate related award of RSUs rather than a cash sale — this is compensation/settlement activity, not a market purchase or sale.
• For retail investors: awards and RSU grants are routine director compensation and do not by themselves signal a purchase-based bullish bet by the insider.