Standard General L.P. - Jul 28, 2022 Form 4 Insider Report for Mediaco Holding Inc. (MDIA)

Role: 10%+ Owner
Signature: /s/ Standard General L.P. by Joseph Mause, Chief Financial Officer
Stock symbol: MDIA
Transactions as of: Jul 28, 2022
Transactions value $: $29,873,906
Form type: 4
Date filed: 7/29/2022, 04:00 PM
Previous filing: Jul 29, 2022
Next filing: Sep 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MDIA	Class A Common Stock	Purchase	$29.9M	+12.9M	+2263.39%	$2.32	13.5M	Jul 28, 2022	See Footnote	F3, F4
holding	MDIA	Class B Common Stock						5.41M	Jul 28, 2022	See Footnote	F1, F4
holding	MDIA	Series A Convertible Preferred Stock						220K	Jul 28, 2022	See Footnote	F2, F4

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

Explanation of Responses:

Id	Content
F1	Shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis.
F2	Each share of Series A Convertible Preferred Stock will be convertible into such number of shares of Class A Common Stock as is determined by dividing (i) the purchase price of the Series A Convertible Preferred Stock plus any accrued dividends by (ii) the average of the volume-weighted average prices of the Class A Common Stock for the last 30 trading days prior to the date of determination, determined as of the fifth business day after the date on which the notice of conversion is given.
F3	On July 28, 2022, the Reporting Persons converted the outstanding principal and accrued interest under convertible promissory notes into 12,899,480 shares of Class A Common Stock valued, in accordance with the terms of the notes, at $2.3159 a share, which represents the average volume-weighted average prices of the Class A Common Stock for the last 30 trading days prior to the fifth business day after the date on which notice of conversion was given.
F4	The securities reported herein are beneficially owned by Standard General L.P. ("Standard General"). Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.