Emmis Corp - Dec 21, 2022 Form 4 Insider Report for Mediaco Holding Inc. (MDIA)

Role
Director, 10%+ Owner
Signature
Emmis Corporation by J. Scott Enright, its Executive Vice President, General Counsel & Secretary.
Stock symbol
MDIA
Transactions as of
Dec 21, 2022
Transactions value $
-$340,430
Form type
4
Date filed
12/23/2022, 03:00 PM
Previous filing
Dec 20, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDIA Class A Common Stock Sale -$337K -256K -31.35% $1.32 560K Dec 21, 2022 Direct F1, F2
transaction MDIA Class A Common Stock Sale -$3.11K -2.47K -0.44% $1.26 557K Dec 22, 2022 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These reported securities were sold by Emmis pursuant to a 10b5-1 plan contemplating regular sales of the shares acquired by note conversions.
F2 Represents the weighted average of a range of sale prices from $1.25 to $1.555. The reporting person undertakes to provide to the Staff of the Securities and Exchange Commission, the Company or any stockholder of the Company, upon request, full information regarding the number of shares sold at each separate price.
F3 Represents the weighted average of a range of sale prices from $1.25 to $1.28. The reporting person undertakes to provide to the Staff of the Securities and Exchange Commission, the Company or any stockholder of the Company, upon request, full information regarding the number of shares sold at each separate price.

Remarks:

Emmis Corporation has the right to recommend three directors for election to the Issuer's board of directors, and Jeffrey H. Smulyan, Patrick M. Walsh and J. Scott Enright serve as directors of the Issuer pursuant to that right. Emmis therefore is a director by deputization of the Issuer. Mr. Smulyan, Mr. Walsh and Mr. Enright disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.