Global Media & Entertainment Investments Ltd - 06 May 2022 Form 4 Insider Report for iHeartMedia, Inc. (IHRT)

Role
10%+ Owner
Signature
/s/ Bethany Pfalzgraf /s/ Jill Refvem, attys-in-fact, GMEI
Issuer symbol
IHRT
Transactions as of
06 May 2022
Net transactions value
+$95,416,330
Form type
4
Filing time
09 May 2022, 17:24:43 UTC
Previous filing
05 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IHRT Class A common stock Purchase $18,141,985 +1,292,514 +8.2% $14.04 17,043,203 06 May 2022 Direct F1
transaction IHRT Class A common stock Purchase $18,141,985 +1,292,514 +8.2% $14.04 17,043,203 06 May 2022 By The Global Media & Entertainment Investments Trust F1, F3, F7
transaction IHRT Class A common stock Purchase $18,141,985 +1,292,514 +8.2% $14.04 17,043,203 06 May 2022 By Michael Tabor as beneficiary of The Global Media & Entertainment Investments Trust F1, F4, F7
transaction IHRT Class A common stock Purchase $13,663,458 +1,096,797 +6.4% $12.46 18,140,000 09 May 2022 Direct F2
transaction IHRT Class A common stock Purchase $13,663,458 +1,096,797 +6.4% $12.46 18,140,000 09 May 2022 By The Global Media & Entertainment Investments Trust F2, F3, F7
transaction IHRT Class A common stock Purchase $13,663,458 +1,096,797 +6.4% $12.46 18,140,000 09 May 2022 By Michael Tabor as beneficiary of The Global Media & Entertainment Investments Trust F2, F4, F7
holding IHRT No securities are beneficially owned by Simon Groom 0 06 May 2022 Direct F5, F7
holding IHRT No securities are beneficially owned by James Hill 0 06 May 2022 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.88 to $14.15, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares of Class A common stock purchased at each separate price within the range set forth in footnotes (1), (2) and (3) to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.56 to $12.50, inclusive.
F3 The Global Media & Entertainment Investments Trust (the "Trust") is the sole stockholder of Global Media & Entertainment Investments Ltd ("GMEI") and may be deemed to indirectly beneficially own the shares owned directly by GMEI.
F4 Michael Tabor is the beneficiary of the Trust and may be deemed to indirectly beneficially own the shares directly owned by GMEI.
F5 Simon Groom, as a trustee of the Trust, does not have a pecuniary interest in the shares directly owned by GMEI and as such is not a beneficial owner for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
F6 James Hill, as a trustee of the Trust, does not have a pecuniary interest in the shares directly owned by GMEI and as such is not a beneficial owner for purposes of Section 16 of the Exchange Act.
F7 The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any securities reported herein. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, if any.

Remarks:

Exhibit List: Exhibit 24.1 - Power of Attorney for GMEI (incorporated by reference from Exhibit 24 to the Reporting Persons' Form 3 dated April 15, 2022 and filed with the SEC on April 15, 2022); Exhibit 24.2 - Power of Attorney for The GMEI Trust (incorporated by reference from Exhibit 24 to the Reporting Persons' Form 3 dated April 15, 2022 and filed with the SEC on April 15, 2022); Exhibit 24.3 - Power of Attorney for Mr. Groom (incorporated by reference from Exhibit 24 to the Reporting Persons' Form 3 dated April 15, 2022 and filed with the SEC on April 15, 2022); Exhibit 24.4 - Power of Attorney for Mr. Hill (incorporated by reference from Exhibit 24 to the Reporting Persons' Form 3 dated April 15, 2022 and filed with the SEC on April 15, 2022); Exhibit 24.5 - Power of Attorney for Mr. Tabor (incorporated by reference from Exhibit 24 to the Reporting Persons' Form 3 dated April 15, 2022 and filed with the SEC on April 15, 2022);