J. Lopez Balboa - 17 Feb 2022 Form 4 Insider Report for CUMULUS MEDIA INC (CMLS)

Role: Executive Vice President and Chief Financial Officer
Signature: /s/ Richard S. Denning, Attorney-In-Fact
Issuer symbol: CMLS
Transactions as of: 17 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 24 Feb 2022, 07:50:57 UTC
Previous filing: 10 Feb 2022
Next filing: 11 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMLS	Class A Common Stock, par value $0.0000001 per share	Award	$0	+14,500	+8.4%	$0.000000	187,720	17 Feb 2022	Direct	F1
transaction	CMLS	Class A Common Stock, par value $0.0000001 per share	Tax liability	$0	-7,403	-3.9%	$0.000000	180,317	17 Feb 2022	Direct	F2

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

Explanation of Responses:

Id	Content
F1	This amount represents 7,500 vested performance-based restricted stock units awarded on March 23, 2020 and 7,000 vested performance-based restricted stock units awarded on February 5, 2021.
F2	Shares withheld to cover the tax withholding obligation due to the vesting of performance-based restricted stock units.

Remarks:

Executive Vice President and Chief Financial Officer