[Form 4] URBAN OUTFITTERS INC Insider Trading Activity
Rhea-AI Filing Summary
Urban Outfitters CEO and chairman Richard A. Hayne reported open‑market sales of the company’s common shares on February 12 and 13, 2026. He sold 5,718, 274 and 10,667 shares held directly, at weighted average prices of $70.576, $71.246 and $70.509 per share.
Additional sales of 5,003, 238 and 9,333 shares were made indirectly through his spouse acting as trustee. The filing notes these trades were executed under a Rule 105b-1 trading plan adopted on July 10, 2025, and that Hayne disclaims beneficial ownership of various indirect holdings except to the extent of any pecuniary interest.
Positive
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Insights
CEO’s Rule 105b-1 stock sales are relatively small versus disclosed holdings.
Urban Outfitters CEO and 10% owner Richard A. Hayne reported several open‑market sales of common shares on February 12–13, 2026. Transactions were executed under a pre‑adopted Rule 105b-1 trading plan, which typically automates sales to reduce discretion.
Direct transactions covered 5,718, 274 and 10,667 shares, while 5,003, 238 and 9,333 shares were sold indirectly through his spouse as trustee, at weighted average prices around $70–71 per share. Footnotes show large remaining direct ownership of 17,483,883 shares and multiple indirect positions, with Hayne expressly disclaiming beneficial ownership of several indirect holdings beyond any pecuniary interest.
For governance monitoring, the key context is that these appear as scheduled plan trades rather than ad‑hoc disposals, and the reported sales are small relative to his stated direct stake. Future company filings may provide additional updates on ownership changes over subsequent periods.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 10,667 | $70.509 | $752K |
| Sale | Common Shares | 9,333 | $70.509 | $658K |
| Sale | Common Shares | 5,718 | $70.576 | $404K |
| Sale | Common Shares | 5,003 | $70.576 | $353K |
| Sale | Common Shares | 274 | $71.246 | $20K |
| Sale | Common Shares | 238 | $71.246 | $17K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
- The reported transaction was effected pursuant to a Rule 105b-1 trading plan adopted by the reporting person on 7/10/2025. The price in Column 4 is a weighted average price. The price actually received ranged from $70.14 to $71.13. 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. 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. The price in Column 4 is a weighted average price. The price actually received ranged from $71.165 to $71.43. 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. The price in Column 4 is a weighted average price. The price actually received ranged from $70.00 to $70.87. 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. 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. 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. These shares are owned by three trusts, of which members of Margaret Hayne's immediate family are among the beneficiaries.
