J. Lopez Balboa - 22 Feb 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
Issuer symbol: CMLS
Transactions as of: 22 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 24 Feb 2023, 15:14:55 UTC
Previous filing: 11 Oct 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	+29,255	+16%	$0.000000	209,572	22 Feb 2023	Direct	F1
transaction	CMLS	Class A Common Stock, par value $0.0000001 per share	Tax liability	$0	-14,936	-7.1%	$0.000000	194,636	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 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