J. Lopez Balboa - 26 Feb 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
Issuer symbol: CMLS
Transactions as of: 26 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 28 Feb 2024, 15:10:14 UTC
Previous filing: 21 Feb 2024
Next filing: 13 May 2024
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	+30,843	+6.5%	$0.000000	502,748	26 Feb 2024	Direct	F1
transaction	CMLS	Class A Common Stock, par value $0.0000001 per share	Tax liability	$0	-13,619	-2.7%	$0.000000	489,129	26 Feb 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