Urban One, Inc. entered into a supplemental indenture on October 20, 2026, to amend the terms of its existing debt agreement. The agreement was executed by the company, its guarantors, and Wilmington Trust, National Association, acting as trustee and collateral agent for the 10.500% First Lien Senior Secured Notes due 2030.

The amendment modifies the original indenture, which was dated December 18, 2025. To proceed with the changes, Urban One obtained the consent of holders representing a majority of the aggregate principal amount of the First Lien Notes outstanding.

The Supplemental Indenture includes two primary modifications. First, it expands the permitted uses of the proceeds derived from the sale of certain assets. Second, it includes other technical amendments to the governing documents.

A copy of the full Supplemental Indenture is filed as Exhibit 4.1 to this Current Report on Form 8-K.