Mary G. Berner - 22 Feb 2023 Form 4 Insider Report for CUMULUS MEDIA INC (CMLS)

Role
President & CEO, Director
Signature
/s/ Richard S. Denning, Attorney-In-Fact
Issuer symbol
CMLS
Transactions as of
22 Feb 2023
Net transactions value
$0
Form type
4
Filing time
24 Feb 2023, 15:06:19 UTC
Previous filing
24 Feb 2022
Next filing
07 Mar 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 Award $0 +51,534 +11% $0.000000 534,233 22 Feb 2023 Direct F1
transaction CMLS Class A Common Stock, par value $0.0000001 per share Tax liability $0 -28,500 -5.3% $0.000000 505,733 22 Feb 2023 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 11,250 vested performance-based restricted stock units awarded on February 13, 2020, 12,650 vested performance-based restricted stock units awarded on February 5, 2021 and 27,634 vested performance-based restricted stock units awarded on February 3, 2022.
F2 Shares withheld to cover the tax withholding obligation due to the vesting of performance-based restricted stock units.