Jeffrey R. Gignac - Apr 1, 2024 Form 4 Insider Report for GRAY TELEVISION INC (GTN)

Role: EVP, Finance
Signature: /s/ Ginger Davis by Power of Attorney
Stock symbol: GTN
Transactions as of: Apr 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/3/2024, 07:50 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GTN	Common Stock	Award	$0	+230K		$0.00	230K	Apr 1, 2024	Direct	F1
transaction	GTN	Common Stock	Award	$0	+240K	+104.58%	$0.00	470K	Apr 1, 2024	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents grant of restricted stock, one half of which vests in equal annual installments on each of February 28, 2025, February 28, 2026, February 28, 2027, and the other half of which vests, subject to the satisfaction of certain performance criteria, on later of (i) the date the Compensation Committee of the Board of Directors of Gray Television, Inc. certifies the performance criteria have been satisfied and (ii) February 28, 2027.
F2	Represents grant of restricted stock, one half of which vests on April 1, 2025, and 25% vesting on each of April 1, 2026, and April 1, 2027.

Content

Represents grant of restricted stock, one half of which vests in equal annual installments on each of February 28, 2025, February 28, 2026, February 28, 2027, and the other half of which vests, subject to the satisfaction of certain performance criteria, on later of (i) the date the Compensation Committee of the Board of Directors of Gray Television, Inc. certifies the performance criteria have been satisfied and (ii) February 28, 2027.

Represents grant of restricted stock, one half of which vests on April 1, 2025, and 25% vesting on each of April 1, 2026, and April 1, 2027.