Edenbrook Capital, LLC - Mar 11, 2022 Form 4 Insider Report for HEMISPHERE MEDIA GROUP, INC. (HMTV)

Role: 10%+ Owner
Signature: Edenbrook Capital, LLC; By: /s/ Jonathan Brolin, Managing Member
Stock symbol: HMTV
Transactions as of: Mar 11, 2022
Transactions value $: $271,467
Form type: 4
Date filed: 3/15/2022, 04:18 PM
Previous filing: Mar 8, 2022
Next filing: Mar 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HMTV	Class A Common Stock	Purchase	$130K	+25K	+0.93%	$5.22	2.71M	Mar 11, 2022	See footnotes	F1
transaction	HMTV	Class A Common Stock	Purchase	$128K	+25K	+0.92%	$5.11	2.74M	Mar 14, 2022	See footnotes	F1
transaction	HMTV	Class A Common Stock	Purchase	$13.2K	+2.65K	+0.1%	$4.97	2.74M	Mar 15, 2022	See footnotes	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	HMTV	Put Option (Obligation to Buy)						5K	Mar 11, 2022	Class A Common Stock	500K	$5.00	See footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	The securities reported herein are held in the accounts of private funds. Edenbrook Capital, LLC may be deemed to be a beneficial owner of such securities by virtue of its role as the investment manager of such private funds. Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 for any other purpose.
F2	The private funds managed by Edenbrook Capital, LLC wrote 5,000 put option contracts expiring in September 2022 which provide that the private funds will be required to purchase shares of Class A Common Stock at the stated strike price if the counterparty exercises such option.

Content

The securities reported herein are held in the accounts of private funds. Edenbrook Capital, LLC may be deemed to be a beneficial owner of such securities by virtue of its role as the investment manager of such private funds. Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 for any other purpose.

The private funds managed by Edenbrook Capital, LLC wrote 5,000 put option contracts expiring in September 2022 which provide that the private funds will be required to purchase shares of Class A Common Stock at the stated strike price if the counterparty exercises such option.