Cumulus Media Inc: director Andrew W Hobson sold 184,155 shares

What happened

• Andrew W Hobson, a director, reported a disposition to the issuer of 184,155 shares on Oct 16, 2026. The Form 4 lists the price as N/A and the total value as N/A.
• The filing notes that on Oct 16, 2026 (the Effective Date) the company emerged from Chapter 11 and all issued and outstanding shares of common stock were cancelled pursuant to the confirmed reorganization plan.

Key details

• Transaction date: Oct 16, 2026; price reported: N/A.
• Shares disposed: 184,155 shares; total value: N/A.
• Shares owned after the transaction: the filing states that all issued and outstanding common shares were cancelled on the Effective Date pursuant to the plan.
• Relevant footnotes: the company and subsidiaries filed Chapter 11 in Mar 2026, a modified plan was filed Apr 13, 2026, the Bankruptcy Court confirmed the plan Apr 15, 2026, and the plan became effective Oct 16, 2026 resulting in cancellation of the common stock.
• Form 4 filing date: Oct 16, 2026.

Why it may matter

• The transaction is reported as a disposition to the issuer in connection with the company’s confirmed Chapter 11 plan; the filing indicates the shares were cancelled under the plan rather than sold in the public market.
• This filing does not show why the insider traded or why the company acted.