Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SALM | Class B Common Stock | Gift | $0 | -2.78M | -100% | $0.00* | 0 | May 3, 2022 | Class A Common Stock | 2.78M | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Each share of Class B Common Stock is convertible into one of share of Class A Common Stock at any time, at the holder's election and upon the occurrence of other events set forth in the Issuer's Amended and Restated Certificate of Incorporation. |
F2 | On May 3, 2022, Stuart W. Epperson transferred 2,776,848 shares of Class B Common Stock to an irrevocable trust for the benefit of his descendants. Stuart W. Epperson has not retained any voting or dispositive power over such gifted shares. This was a bona fide gift with no payment in consideration. |