Clear Channel Outdoor: director Raymond T. White sold 91,003 shares

What happened

• Raymond T. White, a director, reported a disposition to the issuer of 91,003 shares at $2.43 per share on Oct 14, 2026, for total proceeds of $221,137. The transaction is reported as code D (disposition to the issuer).

Key details

• Transaction date and price: Oct 14, 2026 at $2.43 per share.
• Total value: $221,137.
• Filing date: Oct 15, 2026. The filing does not indicate it was late.
• Shares owned after the transaction: not stated in the filing.
• Relevant footnotes:
  • F2/F3: Under the Merger Agreement dated Feb 9, 2026, each share of common stock outstanding immediately before the merger was converted into the right to receive $2.43 per share; outstanding RSUs were converted into the right to receive $2.43 times the number of shares covered.
  • F1/F4/F5: The Form 4 is filed jointly by Legion Partners Asset Management, Legion Partners Holdings, Raymond T. White and Christopher S. Kiper; Mr. White disclaims beneficial ownership of the securities except for any indirect interest through Legion Partners Asset Management and its affiliates.

Why it may matter

• The filing shows a disposition to the issuer at the merger consideration price rather than a market sale.
• The filing does not show why the insider traded or why the company acted.