Company: UONE
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001041657-25-000034
Chunk: 96

Company: URBAN ONE, INC.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 96
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 common stock for the three months ended March 31, 2025, are summarized below:Number ofOptionsWeighted-AverageExercise PriceWeighted-AverageRemainingContractual Term(In Years)AggregateIntrinsicValue (a)Outstanding at December 31, 20245,436,715$2.83 6.44$— Grants362,3010.81 9.92— Forfeited(44,231)1.11 9.50— Cancelled/expired/settled(61,420)4.76 — — Outstanding at March 31, 20255,693,365$2.69 6.39$— Vested and expected to vest at March 31, 20255,693,3652.69 6.39— Unvested at March 31, 2025618,1901.08 9.56— Exercisable at March 31, 20255,075,1752.89 6.00— (a)The aggregate intrinsic value in the table above represents the difference between the Company’s stock closing price on the last day of trading during the period, and the exercise price, multiplied by the number of shares that would have been received by the holders of in-the-money options had all the option holders exercised their options on that day. This amount changes based on the fair market value of the Company’s stock.As of March 31, 2025, approximately $0.2 million of total unrecognized compensation cost related to Class D stock options is expected to be recognized over a weighted-average period of 5 months. The weighted-average grant date fair value of options granted during the three months ended March 31, 2025 was $0.60.The Company did not grant any options to purchase shares of Class A common stock during the three months ended March 31, 2025.Activity relating to grants of restricted shares of Class A and Class D common stock for the three months ended March 31, 2025, are summarized below:Class AClass DSharesAverageFair Valueat GrantDateSharesAverageFair Valueat GrantDateUnvested at December 31, 2024750,000$5.39848,863$1.90Grants——850,8790.84Vested(750,000)5.39(776,982)1.51Forfeited/cancelled/expired——(31,532)1