Francisco J. Lopez-Balboa - Feb 22, 2023 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
Stock symbol
CMLS
Transactions as of
Feb 22, 2023
Transactions value $
$0
Form type
4
Date filed
2/24/2023, 03:14 PM
Previous filing
Oct 11, 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 +29.3K +16.22% $0.00 210K Feb 22, 2023 Direct F1
transaction CMLS Class A Common Stock, par value $0.0000001 per share Tax liability $0 -14.9K -7.13% $0.00 195K 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 7,500 vested performance-based restricted stock units awarded on March 23, 2020, 7,000 vested performance-based restricted stock units awarded on February 5, 2021 and 14,755 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.

Remarks:

Executive Vice President and Chief Financial Officer