HPS Group GP, LLC - 01 May 2025 Form 4 Insider Report for Mediaco Holding Inc. (MDIA)

Reporting relationship: 10%+ Owner
Issuer ticker: MDIA
Reported as of: 01 May 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 05 May 2025, 18:12:12 UTC
Prior SEC filing: 24 Apr 2024
Source filing: View source filing
Reporting owner signature: HPS Group GP, LLC; By: /s/ Scott Kapnick, its sole member

Key filing fact

HPS Group GP, LLC filed Form 4 for Mediaco Holding Inc. (MDIA) on 05 May 2025.

Key facts

This page summarizes HPS Group GP, LLC's Form 4 filing for Mediaco Holding Inc. (MDIA).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 05 May 2025, 18:12.

Change

Previous filing in this sequence was filed on 24 Apr 2024.
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 (3)

CIK 0002019987 Primary reporting owner

HPS Group GP, LLC

Relationship: 10%+ Owner
Address: 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK
Signature: HPS Group GP, LLC; By: /s/ Scott Kapnick, its sole member
Signature date: 05 May 2025

CIK 0001709654

Kapnick Scott

Relationship: 10%+ Owner
Address: 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK
Signature: By: /s/ Scott Kapnick
Signature date: 05 May 2025

CIK 0002020124

SLF LBI Aggregator, LLC

Relationship: 10%+ Owner
Address: 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK
Signature: SLF LBI Aggregator, LLC; By: /s/ Scott Kapnick, its sole member
Signature date: 05 May 2025

Reported non-derivative transactions

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

MDIA transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +7,051,538
Change %
Price
Shares after: 7,051,538
Date: 01 May 2025
Ownership: See Footnote
Footnotes: F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MDIA transaction Derivative

Option

Options Exercise

Transaction value
Shares: -7,051,538
Change %: -100%
Price
Shares after: 0
Date: 01 May 2025
Ownership: See Footnote
Underlying class: Common Stock
Underlying amount: 7,051,538
Exercise price
Footnotes: F1, F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On April 17, 2024, the Issuer and certain subsidiaries entered into an option agreement with certain subsidiaries of SLF LBI Aggregator, LLC ("Aggregator"), including Estrella Media, Inc. ("Estrella Media"), pursuant to which, among other things, Estrella Media was granted the right to put the equity of certain subsidiaries of Estrella Media to a subsidiary of the Issuer in exchange for 7,051,538 shares of Class A Common Stock from and after October 17, 2024 until April 17, 2031, subject to certain extensions (the "Option Transaction"). On May 1, 2025, the parties consummated the Option Transaction and, pursuant to Estella Media's designation right, Aggregator received the 7,051,538 shares of Class A Common Stock.

Footnote F2

HPS Group GP, LLC ("HPS Group") is the non-member manager of Aggregator. Scott Kapnick is the sole member of HPS Group.

Footnote F3

On March 19, 2025, Estrella Media filed an Initial Statement of Beneficial Ownership to add Estrella Media as a reporting person with respect to the Put Right. This Form 4 reflects withdrawal of Estrella Media as a reporting person.