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

Role
President & CEO, Director
Signature
/s/ Richard S. Denning, Attorney-In-Fact
Stock symbol
CMLS
Transactions as of
Feb 22, 2023
Transactions value $
$0
Form type
4
Date filed
2/24/2023, 03:06 PM
Previous filing
Feb 24, 2022
Next filing
Mar 7, 2023

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 +51.5K +10.68% $0.00 534K Feb 22, 2023 Direct F1
transaction CMLS Class A Common Stock, par value $0.0000001 per share Tax liability $0 -28.5K -5.33% $0.00 506K Feb 22, 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.