BRADLEY C. BEASLEY - 25 May 2022 Form 4 Insider Report for BEASLEY BROADCAST GROUP INC (BBGI)

Role
Vice President of Operations, 10%+ Owner
Signature
/s/ Marie Tedesco, Attorney-in-Fact
Issuer symbol
BBGI
Transactions as of
25 May 2022
Net transactions value
-$3,394
Form type
4
Filing time
27 May 2022, 14:42:12 UTC
Next filing
04 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBGI Class A Common Stock Options Exercise +8,333 +21% 47,701 25 May 2022 Direct F1
transaction BBGI Class A Common Stock Tax liability $3,394 -2,248 -4.7% $1.51 45,453 25 May 2022 Direct
holding BBGI Class A Common Stock 64,219 25 May 2022 See footnote. F2
holding BBGI Class A Common Stock 14,100 25 May 2022 See footnote. F3

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 BBGI Restricted Stock Units Award $0 +25,000 $0.000000 25,000 25 May 2022 Class A Common Stock 25,000 Direct F1, F4
transaction BBGI Restricted Stock Units Options Exercise $0 -8,333 -33% $0.000000 16,667 25 May 2022 Class A Common Stock 8,333 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F2 By Bradley C. Beasley as Trustee of the Bradley C. Beasley Revocable Trust dated July 13, 1999 as amended.
F3 These securities are held by the Reporting Person's children. The Reporting Person disclaims beneficial ownership of all securities held by his children, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F4 On May 25, 2022, the Reporting Person was granted 25,000 restricted stock units, which vest in three substantially equal annual installments beginning on the grant date.

Remarks:

Exhibit List: Exhibit 24 Power of Attorney