Pep VIII Gp Llc - Mar 1, 2022 Form 4 Insider Report for OUTFRONT Media Inc. (OUT)

Role: 10%+ Owner
Signature: See Exhibit 99.2 for Signatures
Stock symbol: OUT
Transactions as of: Mar 1, 2022
Transactions value $: $278,208,384
Form type: 4
Date filed: 3/3/2022, 04:31 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OUT	Common Stock	Conversion of derivative security	$278M	+17.4M		$16.00	17.4M	Mar 1, 2022	See Notes	F1, F2, F3, F4, F5, F8
holding	OUT	Common Stock						6.37K	Mar 1, 2022	See Notes	F6, F8

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
transaction	OUT	Series A Convertible Perpetual Preferred Stock	Conversion of derivative security	$0	-275K	-100%	$0.00^*	0	Mar 1, 2022	Common Stock	17.4M	$16.00	See Note	F1, F2, F3, F4, F5, F7, F8

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

Explanation of Responses:

Id	Content
F1	See Exhibit 99.1 for text of footnote (1).
F2	See Exhibit 99.1 for text of footnote (2).
F3	See Exhibit 99.1 for text of footnote (3).
F4	See Exhibit 99.1 for text of footnote (4).
F5	See Exhibit 99.1 for text of footnote (5).
F6	See Exhibit 99.1 for text of footnote (6).
F7	See Exhibit 99.1 for text of footnote (7).
F8	See Exhibit 99.1 for text of footnote (8).

Remarks:

Exhibit 99.2 (Joint Filer Information) is incorporated herein by reference. Due to technical limitation on the number of reporting persons per filing, this filing is being made in two identical parts. This filing is part two of two.