BRIGADE CAPITAL MANAGEMENT, LP - 10 Dec 2025 Form 4 Insider Report for BEASLEY BROADCAST GROUP INC (BBGI)

Role: 10%+ Owner
Signature: Brigade Capital Management, LP, /s/ Donald E. Morgan, III, Managing Member of its General Partner
Issuer symbol: BBGI
Transactions as of: 10 Dec 2025
Net transactions value: -$2,252,281
Form type: 4
Filing time: 12 Dec 2025, 16:18:16 UTC
Previous filing: 05 Nov 2025
SEC: View on sec.gov

Reporting Owners (3)

Name	Relationship	Address	Signature	Signature date	CIK
BRIGADE CAPITAL MANAGEMENT, LP	10%+ Owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK	Brigade Capital Management, LP, /s/ Donald E. Morgan, III, Managing Member of its General Partner	12 Dec 2025	0001421306
MORGAN DONALD E III	10%+ Owner	C/O BRIGADE CAPITAL MANAGEMENT, LP, 399 PARK AVENUE, 16TH FLOOR, NEW YORK	/s/ Donald E. Morgan	12 Dec 2025	0001421308
Brigade Capital Management GP, LLC	10%+ Owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK	Brigade Capital Management GP, LLC, /s/ Donald E. Morgan, III, Managing Member	12 Dec 2025	0001695885

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BBGI	Class A Common Stock, par value $0.001 per share	Sale	$855,222	-34,250	-25%	$24.97^*	102,202	10 Dec 2025	See Footnote	F1
transaction	BBGI	Class A Common Stock, par value $0.001 per share	Sale	$609,510	-33,000	-32%	$18.47^*	69,202	10 Dec 2025	See Footnote	F1
transaction	BBGI	Class A Common Stock, par value $0.001 per share	Sale	$787,548	-66,798	-97%	$11.79	2,404	10 Dec 2025	See Footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

BRIGADE CAPITAL MANAGEMENT, LP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The reported securities are directly owned by advisory clients of Brigade Capital Management, LP. The reported securities may be deemed beneficially owned by Brigade Capital Management, LP, the investment manager of such advisory clients, Brigade Capital Management GP, LLC, the general partner of Brigade Capital Management, LP, and Donald E. Morgan, III, the managing member of Brigade Capital Management GP, LLC, each a Reporting Person. Brigade Capital Management, LP, Brigade Capital Management GP, LLC and Mr. Morgan each disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that each Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F2	This constitutes the weighted average purchase price. The prices range from $11.50 to $12.13. The Reporting Person will provide upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

Content

The reported securities are directly owned by advisory clients of Brigade Capital Management, LP. The reported securities may be deemed beneficially owned by Brigade Capital Management, LP, the investment manager of such advisory clients, Brigade Capital Management GP, LLC, the general partner of Brigade Capital Management, LP, and Donald E. Morgan, III, the managing member of Brigade Capital Management GP, LLC, each a Reporting Person. Brigade Capital Management, LP, Brigade Capital Management GP, LLC and Mr. Morgan each disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that each Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

This constitutes the weighted average purchase price. The prices range from $11.50 to $12.13. The Reporting Person will provide upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.