Cumulus Media Inc: president & CEO Mary G. Berner sold 1,045,453 shares

What happened

• Mary G. Berner, president & CEO and director, disposed of 1,045,453 shares to the issuer on Oct 16, 2026; price per share and total value are reported as N/A in the filing.
• The filing's footnotes say the company and certain affiliates commenced Chapter 11 on Mar 4, 2026, a modified prepackaged plan was filed Apr 13, 2026, the Bankruptcy Court confirmed the plan on Apr 15, 2026, and the plan became effective on Oct 16, 2026, at which time all issued and outstanding shares were cancelled and extinguished.

Key details

• Transaction date and price: Oct 16, 2026; disposition to issuer; price reported as N/A; value reported as N/A.
• Shares owned following the reported transaction: 0 (the filing states all issued and outstanding shares were cancelled and extinguished pursuant to the plan).
• Relevant footnotes: F1 (Chapter 11 cases filed Mar 4, 2026; disclosure statement and plan filings), F2 (confirmation and Effective Date Oct 16, 2026), F3 (all common stock cancelled on Effective Date).
• Filing timeliness: Form filed on Oct 16, 2026 for period Oct 16, 2026; no late filing indicated in the report.

Why it may matter

• This was a disposition to the issuer tied to the confirmed Chapter 11 plan and the plan's Effective Date; the filing indicates the shares were cancelled and extinguished rather than a market sale or option exercise.
• A filing does not show why the insider traded or why the company acted.