Raymond T. White - 14 Oct 2026 Form 4 Insider Report for Clear Channel Outdoor Holdings, Inc. (CCO)

Reporting relationship: Director
Issuer ticker: CCO
Reported as of: 14 Oct 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 15 Oct 2026, 18:14:53 UTC
Prior SEC filing: 17 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ Raymond T. White

Filing notes and source

Key filing fact

Raymond T. White filed Form 4 for Clear Channel Outdoor Holdings, Inc. (CCO) on 15 Oct 2026.

Key facts

This page summarizes Raymond T. White's Form 4 filing for Clear Channel Outdoor Holdings, Inc. (CCO).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 15 Oct 2026, 18:14.

Change

Previous filing in this sequence was filed on 17 Jun 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (4)

CIK 0001682494 Primary reporting owner

White Raymond T.

Relationship: Director
Address: 12121 WILSHIRE BLVD., SUITE 1240, LOS ANGELES
Signature: /s/ Raymond T. White
Signature date: 15 Oct 2026

CIK 0001560207

Legion Partners Asset Management, LLC

Relationship: Director
Address: 12121 WILSHIRE BLVD., SUITE 1240, LOS ANGELES
Signature: Legion Partners Asset Management, LLC, By: /s/ Raymond T. White, Managing Member
Signature date: 15 Oct 2026

CIK 0001682389

Legion Partners Holdings, LLC

Relationship: Director
Address: 12121 WILSHIRE BLVD., SUITE 1240, LOS ANGELES
Signature: Legion Partners Holdings, LLC, By: /s/ Raymond T. White, Managing Member
Signature date: 15 Oct 2026

CIK 0001432744

Kiper Christopher S

Relationship: Director
Address: 12121 WILSHIRE BLVD, SUITE 1240, LOS ANGELES
Signature: /s/ Christopher S. Kiper
Signature date: 15 Oct 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CCO transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -91,003
Change %: -100%
Price: $2.43^*
Shares after: 0
Date: 14 Oct 2026
Ownership: Direct
Footnotes: F1, F2, F3, F4, F5

CCO transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -91,003
Change %: -100%
Price: $2.43^*
Shares after: 0
Date: 14 Oct 2026
Ownership: Direct
Footnotes: F1, F2, F3, F4, F5

CCO transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -91,003
Change %: -100%
Price: $2.43^*
Shares after: 0
Date: 14 Oct 2026
Ownership: Direct
Footnotes: F1, F2, F3, F4, F5

CCO transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -91,003
Change %: -100%
Price: $2.43^*
Shares after: 0
Date: 14 Oct 2026
Ownership: Direct
Footnotes: F1, F2, F3, F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Raymond T. White is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

This Form 4 is filed jointly by Legion Partners Asset Management, LLC ("Legion Partners Asset Management"), Legion Partners Holdings, LLC ("Legion Partners Holdings"), Raymond T. White and Christopher S. Kiper (collectively, the "Reporting Persons"). Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Footnote F2

Pursuant to the Agreement and Plan of Merger, dated as of February 9, 2026 (the "Merger Agreement"), whereby Madison Merger Sub Inc., a wholly-owned subsidiary of Madison Parent Inc. ("Parent"), merged with and into the Issuer (the "Merger") with the Issuer surviving as a wholly-owned subsidiary of Parent, each share of the Issuer's common stock ("Common Stock") outstanding immediately prior to the effective time of the Merger was converted into the right to receive an amount in cash equal to $2.43 per share, and each outstanding award of restricted stock units ("RSUs") of the Issuer was cancelled and converted into the right to receive an amount in cash amount equal to $2.43 multiplied by the total number of shares subject to such award (the "RSU Consideration").

Footnote F3

Pursuant to the Merger Agreement, each award of RSUs issued in lieu of cash retainers outstanding immediately prior to the effective time of the Merger was converted into the RSU Consideration with respect to a pro rata portion of the shares of Common Stock subject to such award.

Footnote F4

Mr. White served on the Board of the Issuer as a representative of Legion Partners Asset Management and its affiliates. Mr. White did not have a right to any economic interest in securities of the Issuer granted to him by the Issuer in respect of his Board position, except to the extent of his role as a Managing Director of Legion Partners Asset Management. Legion Partners Asset Management is entitled to receive all of the economic interest in securities granted to Mr. White by the Issuer in respect of Mr. White's Board position. Mr. White disclaims beneficial ownership of the Issuer's securities to which this report relates and at no time has Mr. White had any economic interest in such securities except any indirect economic interest through Legion Partners Asset Management and its affiliates, entities in which Mr. White has a controlling interest and investment control.

Footnote F5

The securities described in footnotes (4) and (5) represent securities in which Legion Partners Asset Management had all of the direct economic interest. Legion Partners Holdings is the sole member of Legion Partners Asset Management and each of Messrs. Kiper and White are Managing Directors of Legion Partners Asset Management. As a result of these relationships, Legion Partners Holdings and Messrs. Kiper and White may be deemed to beneficially own the securities owned directly by Legion Partners Asset Management.

SEC remarks

Raymond T. White, a managing director of Legion Partners Asset Management, was a director of the Issuer. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each of the Reporting Persons (other than Mr. White) may be deemed a director by deputization by virtue of its or his representation on the Board of Directors of the Issuer.