Richard S. Denning - 02 May 2022 Form 4 Insider Report for CUMULUS MEDIA INC (CMLS)

Role: EVP,General Counsel&Secretary
Signature: /s/ Richard S. Denning
Issuer symbol: CMLS
Transactions as of: 02 May 2022
Net transactions value: -$34,275
Form type: 4
Filing time: 04 May 2022, 19:21:33 UTC
Previous filing: 24 Feb 2022
Next filing: 24 Feb 2023
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	Sale	$34,275	-2,500	-3.1%	$13.71	78,252	02 May 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Number of shares sold pursuant to a Rule 10b5-1 plan adopted by Mr. Denning in March 2022.
F2	This is the weighted average sale price for multiple open market sales on May 2, 2022. The sales price of each transaction ranged from $13.52 to $13.92 per share, inclusive. The reporting person undertakes to provide to Cumulus Media Inc., any security holder of Cumulus Media Inc., or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Content

Number of shares sold pursuant to a Rule 10b5-1 plan adopted by Mr. Denning in March 2022.

This is the weighted average sale price for multiple open market sales on May 2, 2022. The sales price of each transaction ranged from $13.52 to $13.92 per share, inclusive. The reporting person undertakes to provide to Cumulus Media Inc., any security holder of Cumulus Media Inc., or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.