URBN insider trust to sell 588,042 shares valued at $45.25M

Rhea-AI Filing Summary

Urban Outfitters, Inc. has a proposed insider sale under Rule 144 of 588,042 common shares, with an aggregate market value of $45,245,265. The sale is listed with J.P. Morgan Securities LLC and is scheduled to occur on or about 10/10/2025 on Nasdaq. The shares were acquired by the selling account as a trust distribution on 12/02/2010 from Hayne GRAT #1. The filing reports no other sales in the past three months and indicates the filer represents they possess no undisclosed material adverse information. Total shares outstanding are reported as 89,697,915, making the proposed block roughly 0.66% of outstanding shares.

Insights

Corporate Governance Analyst

Insider trust proposes a mid-sized Rule 144 sale that could modestly add selling pressure.

The proposed sale of 588,042 shares (about 0.66% of outstanding) is being routed through J.P. Morgan Securities and dated for 10/10/2025. Because the shares were distributed from a trust in 2010, the filing documents a long-standing holding rather than a recent acquisition.

The main dependencies are market liquidity around the sale date and whether the block is executed as a single transaction or in tranches; either could affect short-term price impact within a trading session. Monitor reported execution details and any subsequent Form 4s for actual sales timing within days after 10/10/2025.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	J.P. Morgan Securities LLC 390 Madison Avenue 6th Floor New York NY 10017	588042	45245265	89697915	10/10/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/02/2010	Trust Distribution	Hayne GRAT #1			588042	12/02/2010	NA

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does URBN Form 144 report?

It reports a proposed sale of 588,042 common shares with aggregate market value $45,245,265, scheduled around 10/10/2025.

Who is selling the URBN shares?

The shares are reported as held in Hayne GRAT #1 and were acquired by trust distribution on 12/02/2010.

Through which broker will the URBN sale be executed?

The filing lists J.P. Morgan Securities LLC as the broker with an address in New York.

How large is the proposed sale relative to URBN's float?

The block is about 0.66% of the reported 89,697,915 outstanding shares.

Does the filing report recent sales by the same person?

The filing states "Nothing to Report" for sales during the past three months.

Does the filer assert possession of undisclosed material information?

By signing the form, the person represents they do not know any material adverse information that is not publicly disclosed.