Richard J. Schmaeling - 01 Dec 2021 Form 4 Insider Report for AUDACY, INC.

Role: CFO & EVP Strat. Initiatives
Signature: Richard J. Schmaeling by /s/ Andrew P. Sutor, IV, Authorized Signatory
Issuer symbol: N/A
Transactions as of: 01 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 03 Dec 2021, 16:23:48 UTC
Next filing: 15 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AUDA	Class A Common Stock, par value $0.01 per share	Award	$0	+98,750	+20%	$0.000000	587,166	01 Dec 2021	Direct	F1, F2
transaction	AUDA	Class A Common Stock, par value $0.01 per share	Award	$0	+40,000	+6.8%	$0.000000	627,166	01 Dec 2021	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares represent restricted stock units subject to time based vesting, as described in the grant instrument.
F2	During the third quarter of 2021, the Reporting Person purchased 2,000 shares of Class A Common Stock through the Audacy Employee Stock Purchase Plan.
F3	These shares represent restricted stock units subject to performance based vesting, as described in the grant instrument.