Steven M. Galbraith - 16 Oct 2026 Form 4 Insider Report for CUMULUS MEDIA INC (CMLS)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
16 Oct 2026, 09:59:06 UTC
Prior SEC filing
07 Feb 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Richard S. Denning, Attorney-in-Fact

Key filing fact

Steven M. Galbraith filed Form 4 for CUMULUS MEDIA INC (CMLS) on 16 Oct 2026.

Key facts

  • This page summarizes Steven M. Galbraith's Form 4 filing for CUMULUS MEDIA INC (CMLS).
  • 2 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 16 Oct 2026, 09:59.

Change

  • Previous filing in this sequence was filed on 07 Feb 2025.
  • 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 (1)

CIK 0001411020 Primary reporting owner

Galbraith Steven M

Relationship
Director
Address
C/O CUMULUS MEDIA INC., 780 JOHNSON FERRY ROAD NE SUITE 500, ATLANTA
Signature
/s/ Richard S. Denning, Attorney-in-Fact
Signature date
16 Oct 2026

Reported non-derivative transactions

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

CMLS transaction

Class A Common Stock, par value $0.0000001 per share

Disposed to Issuer

Transaction value
Shares
-175,200
Change %
-100%
Price
Shares after
0
Date
16 Oct 2026
Ownership
Direct
Footnotes
F1, F2, F3
CMLS transaction

Class A Common Stock, par value $0.0000001 per share

Disposed to Issuer

Transaction value
Shares
-400,000
Change %
-100%
Price
Shares after
0
Date
16 Oct 2026
Ownership
By Kindred Capital Advisors LLC
Footnotes
F1, F2, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Steven M. Galbraith is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

On March 4, 2026, the Company and certain of its direct and indirect subsidiaries (collectively with the Company, the "Company Parties") commenced filing voluntary petitions (the "Chapter 11 Cases") in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") seeking relief under Chapter 11 of Title 11 of the United States Code. On March 5, 2026, the Company Parties filed the Disclosure Statement for the Joint Prepackaged Chapter 11 Plan of Reorganization of Cumulus Media Inc. and Its Debtor Affiliates and the Joint Prepackaged Chapter 11 Plan of Reorganization of Cumulus Media Inc. and Its Debtor Affiliates in the Chapter 11 Cases in the Bankruptcy Court. On April 13, 2026, the Company Parties filed the Modified Joint Prepackaged Chapter 11 Plan of Reorganization of Cumulus Media Inc. and Its Debtor Affiliates (as may be amended or supplemented from time to time in accordance with its terms, the "Plan").

Footnote F2

On April 15, 2026, the Bankruptcy Court entered an order confirming the Plan (the "Confirmation Order"). On October 16, 2026 (the "Effective Date"), the Company Parties satisfied the conditions to effectiveness of the Plan set forth in the Confirmation Order and the Plan, the Plan became effective in accordance with its terms and the Company Parties emerged from Chapter 11.

Footnote F3

On the Effective Date, all of the Company's issued and outstanding shares of common stock, including the Company's Class A Common Stock, par value $0.0000001 per share, were cancelled and extinguished pursuant to the Plan.

Footnote F4

The Reporting Person is the managing member of Kindred Capital Advisors LLC ("Kindred Capital"). Therefore, he may be deemed to have beneficial ownership of the shares of Class A common stock held directly by Kindred Capital. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

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