Francisco J. Lopez-Balboa - Feb 26, 2024 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 26, 2024
Transactions value $
$0
Form type
4
Date filed
2/28/2024, 03:10 PM
Previous filing
Feb 21, 2024
Next filing
May 13, 2024

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 +30.8K +6.54% $0.00 503K Feb 26, 2024 Direct F1
transaction CMLS Class A Common Stock, par value $0.0000001 per share Tax liability $0 -13.6K -2.71% $0.00 489K Feb 26, 2024 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 5,625 vested performance-based restricted stock units awarded on March 23, 2020, 5,250 vested performance-based restricted stock units awarded on February 5, 2021, 11,066 vested performance-based restricted stock units awarded on February 3, 2022, and 8,902 vested performance-based restricted stock units awarded on March 3, 2023.
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