URBAN ONE, INC. — Director's Dealing 2021

Jan 27, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: URBAN ONE, INC. (UONE)
CIK: 0001041657
Period of Report: 2020-12-29

Reporting Person: SEMLER ERIC (10% Owner)
Reporting Person: TCS CAPITAL MANAGEMENT LLC (10% Owner)
Reporting Person: TCS Capital Advisors, LLC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock, $0.001 par value	478768	Indirect
Class D Common Stock, $0.001 par value	2002386	Indirect

Footnotes

F1: This Form 3 is filed jointly by TCS Capital Management, LLC ("TCS Management"), TCS Capital Advisors, LLC ("TCS Advisors") and Eric Semler (collectively, the "Reporting Persons").

F2: Each Reporting Person may be deemed to be a member of a "group" that owns more than 10% of the Issuer's outstanding shares of Class A Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F3: Securities held directly by TCS Advisors. TCS Management, as the investment advisor of TCS Advisors, may be deemed to beneficially own the securities held directly by TCS Advisors. Mr. Semler, as the managing member of TCS Management, may be deemed to beneficially own the securities held directly by TCS Advisors.