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URBNUrban Outfitters Inc · Insider ownership research

Urban Outfitters Inc insiders sold $121M in the past 12 months. How much of their stake is that?

Insiders sold $121M in the past 12 months.97% was sold under disclosed trading plans, 3% with no plan disclosed. The largest seller, Richard Hayne (CEO & Chairman of the Board, Director), sold $79.9M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
$3.2M
sold with no plan disclosed, past 12 months
97%
of sales were under disclosed trading plans, past 12 months
7 of 15
officers and directors sold shares, past 12 months
Is this normal? More than usual: about 7x the 5-year average. 6 insiders sold; the average is 6 a year. Year by year
Latest filing: Filed Oct 8 for a gift on Oct 7. Margaret Hayne gave away 236 shares. Filing
SEC ownership filings: 103 filed in the 12 months to Oct 13, 2026; 826 on record since Jun 6, 2003 · See the evidence

What stands out

Azeez Hayne sold $1.0M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, May 22, 2026

A share of stake is shown for 0 of the 7 officers and directors who sold. 15 are left out

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Left out: Margaret Hayne, Richard Hayne, Harry Cherken Jr., Sheila Harrington, Azeez Hayne, Frank Conforti, Edward Antoian, Todd Morgenfeld, Amin Maredia, John Mulliken, Wesley McDonald, Mary Egan, Tricia Smith, Kotzman Campbell and Melanie Marein-Efron (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Richard Hayne
CEO & Chairman of the Board, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$79.9MDisclosed plan
Margaret Hayne
Co-President & CCO, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$37.4MDisclosed plan
Azeez Hayne
Chief Administrative Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.0MNo plan disclosed
Melanie Marein-Efron
Chief Financial Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$830KNo plan disclosed
Frank Conforti
Co-President & COO
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$687KNo plan disclosed
All 7 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNov 2025: $4.4M under a disclosed planNovDec 2025: $50.5M under a disclosed plan$50.5MDecJan 2026: $35.7M under a disclosed planJanFeb 2026: $26.8M under a disclosed planFebMar 2026: $702K no plan disclosedMarAprMay 2026: $1.7M no plan disclosedMayJunJulAugSep 2026: $777K no plan disclosedSepOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026
Oct 7, 20262 executives gave away 472 shares as a gift.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Margaret Hayne
Co-President & CCO, Director
236n/an/an/aOct 7, 2026Oct 8, 2026
Richard Hayne
CEO & Chairman of the Board, Director
236n/an/an/aOct 7, 2026Oct 8, 2026
Sep 18, 2026Tricia Smith sold 3.5K shares ($266K) with no plan disclosed.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Tricia Smith
Global CEO Anthropologie Group
3,500$75.95n/an/aSep 18, 2026Sep 21, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Outside holders, reported separately

Richard Hayne and Margaret Hayne reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Urban Outfitters Inc CEO selling stock?

Yes. Richard Hayne sold 1.06M shares ($79.9M) in the past 12 months, all of it under a trading plan disclosed in the filings.

Why are Urban Outfitters Inc insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 97% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 3% had no disclosed plan. A trading plan schedules sales in advance.

Are any Urban Outfitters Inc insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold7 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Richard Hayne
CEO & Chairman of the Board, Director
$79.9M
1.06M shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Margaret Hayne
Co-President & CCO, Director
$37.4M
497K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Azeez Hayne
Chief Administrative Officer
$1.0M
14K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Melanie Marein-Efron
Chief Financial Officer
$830K
11K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Frank Conforti
Co-President & COO
$687K
9.4K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Tricia Smith
Global CEO Anthropologie Group
$590K
8.5K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Mary Egan
Director
$51K
650 shares
Not confirmed
share of stake is being verified. Why
No plan disclosed

Sold by a charitable foundation the insider reports: Hayne Foundation, reported by Richard Hayne; Hayne Foundation, spouse through Hayne Foundation, reported by Margaret Hayne. A foundation's shares are not the insider's own stake, so they are left out of the figures above.

The full ownership picture0 of 15 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Margaret Hayne
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Margaret Hayne are complete.
Co-President & CCO, Director
n/a−497Kn/an/a
Vesting, gifts, unvested awards and holding lines for Margaret Hayne

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Margaret Hayne are complete; balances and unit counts will be added when the check is finished.

−236gifted (net of own trusts)
−23Kwithheld by the company for taxes
  • Some sales match sales reported by Richard Hayne exactly (date, shares and price). Possibly the same shares reported by both; the filings don't confirm it.
Richard Hayne
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Richard Hayne are complete.
CEO & Chairman of the Board, Director
n/a−1.06Mn/an/a
Vesting, gifts, unvested awards and holding lines for Richard Hayne

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Richard Hayne are complete; balances and unit counts will be added when the check is finished.

−91Kgifted (net of own trusts)
  • Some sales match sales reported by Margaret Hayne exactly (date, shares and price). Possibly the same shares reported by both; the filings don't confirm it.
Harry Cherken Jr.
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Harry Cherken Jr. are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Harry Cherken Jr.

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Harry Cherken Jr. are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−6.8Kwithheld by the company for taxes
Sheila Harrington
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Sheila Harrington are complete.
Global CEO, UO & FP Groups
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Sheila Harrington

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Sheila Harrington are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−24Kwithheld by the company for taxes
Azeez Hayne
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Azeez Hayne are complete.
Chief Administrative Officer
n/a−14Kn/an/a
Vesting, gifts, unvested awards and holding lines for Azeez Hayne

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Azeez Hayne are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−8.1Kwithheld by the company for taxes
Frank Conforti
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Frank Conforti are complete.
Co-President & COO
n/a−9.4Kn/an/a
Vesting, gifts, unvested awards and holding lines for Frank Conforti

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Frank Conforti are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−23Kwithheld by the company for taxes
Edward Antoian
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Edward Antoian are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Edward Antoian

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Edward Antoian are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−6.5Kwithheld by the company for taxes
Todd Morgenfeld
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Todd Morgenfeld are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Todd Morgenfeld

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Todd Morgenfeld are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Amin Maredia
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Amin Maredia are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Amin Maredia

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Amin Maredia are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
John Mulliken
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for John Mulliken are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for John Mulliken

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for John Mulliken are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Wesley McDonald
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Wesley McDonald are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Wesley McDonald

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Wesley McDonald are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Mary Egan
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Mary Egan are complete.
Director
n/a−650n/an/a
Vesting, gifts, unvested awards and holding lines for Mary Egan

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Mary Egan are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Tricia Smith
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Tricia Smith are complete.
Global CEO Anthropologie Group
n/a−8.5Kn/an/a
Vesting, gifts, unvested awards and holding lines for Tricia Smith

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Tricia Smith are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−20Kwithheld by the company for taxes
Kotzman Campbell
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kotzman Campbell are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Kotzman Campbell

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kotzman Campbell are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Melanie Marein-Efron
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Melanie Marein-Efron are complete.
Chief Financial Officer
n/a−11Kn/an/a
Vesting, gifts, unvested awards and holding lines for Melanie Marein-Efron

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Melanie Marein-Efron are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−10Kwithheld by the company for taxes

Holdings and share of stake for Urban Outfitters Inc are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$121M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $121M across 1,605,343 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($3.2M), including tax-related sales outside a plan.

No plan disclosed · $3.2M

Sales with no 10b5-1 plan and no tax reference in the filing. $1.0M of it is Azeez Hayne. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Frank Conforti, May 22, 2026

Taxes

121,955 shares ($8.0M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Richard Hayne
CEO & Chairman of the Board, Director
1.06M$79.9M100%66%Nov 26, 2025 to Feb 20, 2026
Margaret Hayne
Co-President & CCO, Director
497K$37.4M100%31%Nov 26, 2025 to Feb 20, 2026
Azeez Hayne
Chief Administrative Officer
14K$1.0M0%0.8%Mar 11, 2026 to May 22, 2026
Melanie Marein-Efron
Chief Financial Officer
11K$830K0%0.7%May 22, 2026 to Sep 4, 2026
Frank Conforti
Co-President & COO
9.4K$687K0%0.6%May 22, 2026 to May 22, 2026
Tricia Smith
Global CEO Anthropologie Group
8.5K$590K0%0.5%Mar 2, 2026 to Sep 18, 2026
Mary Egan
Director
650$51K0%0.0%Sep 1, 2026 to Sep 1, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$4.4M$4.4M$0$0
Dec 2025$50.5M$50.5M$0$0
Jan 2026$35.7M$35.7M$0$0
Feb 2026$26.8M$26.8M$0$0
Mar 2026$702K$0$0$702K
Apr 2026$0$0$0$0
May 2026$1.7M$0$0$1.7M
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$777K$0$0$777K
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 7x the 5-year average. 6 insiders sold; the average is 6 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 13, 2026
Latest 12 months
1.11M6$83.1M
Oct 13, 2025
1 year earlier
342K10$22.6M
Oct 13, 2024
2 years earlier
113K7$4.7M
Oct 14, 2023
3 years earlier
108K5$3.0M
Oct 14, 2022
4 years earlier
7.2K1$213K
Oct 14, 2021
5 years earlier
184K9$6.8M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty15 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Urban Outfitters Inc are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology826 filings on record, 103 filed in the 12-month period, and how we read them

All 826 Forms 3, 4 and 5 on record for Urban Outfitters Inc (SEC CIK 912615), filed from Jun 6, 2003 to Oct 8, 2026; 103 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Probable 2-for-1 stock split on or before Jul 15, 2004 (first filing that shows post-split balances). Splits aren't reported as transactions; 13 holding lines changed by exactly this ratio, so earlier share counts are restated.

Probable 2-for-1 stock split on or before Nov 18, 2005 (first filing that shows post-split balances). Splits aren't reported as transactions; 13 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (22)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Elizabeth LambertJun 8, 202212,200 shares, last reported balance as of Jun 6, 2022
Cassidy SinghJun 8, 202212,200 shares, last reported balance as of Jun 6, 2022
Trish DonnellyNov 20, 202013,589 shares, last reported balance as of Nov 18, 2020
Scott GallowayJun 4, 2020No balance on record
Calvin HollingerMar 2, 202011,480 shares, last reported balance as of Feb 28, 2020
Joel Lawson IIIJun 6, 2019186,000 shares, last reported balance as of Apr 4, 2019
Robert HansonJun 7, 2018No balance on record
Robert StrouseMay 30, 2018100,000 shares, last reported balance as of May 25, 2018
Scott BelairMay 17, 20182,510,000 shares, last reported balance as of May 16, 2018
David McCreightApr 23, 201857,881 shares, last reported balance as of Apr 13, 2018
Tedford MarlowApr 15, 201514,712 shares, last reported balance as of Apr 13, 2015
Glen BodzyMar 17, 2015263,011 shares, last reported balance as of Jan 31, 2015
Wendy McDevittMar 17, 201413,481 shares, last reported balance as of Jan 31, 2014
Freeman ZausnerJul 10, 201342,728 shares, last reported balance as of Jul 8, 2013
Eric ArtzMar 14, 20121,298 shares, last reported balance as of Jan 31, 2012
Glen SenkAug 24, 2011235,258 shares, last reported balance as of Aug 23, 2011
Wendy WurtzburgerAug 18, 20117,995 shares, last reported balance as of Jan 31, 2011
Stephen MurrayMar 11, 20115,192 shares, last reported balance as of Mar 10, 2011
Robert RossAug 27, 2009No balance on record
John KyeesJun 9, 2009No balance on record
David FrankelSep 17, 2003No balance on record
Stephen FeldmanNo balance on record

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