JEFFERY LIBERMAN A 4

What Happened

• Jeffery Liberman, President and COO of Entravision Communications Corp (EVC), had 11,500 performance units vest on January 21, 2026. To satisfy tax withholding obligations tied to that vesting, 7,642 shares of Class A common stock were withheld (transaction code F) at $3.25 per share, totaling $24,837. This is a tax-withholding/cashless retention, not an open-market sale.

Key Details

• Transaction date: January 21, 2026; Filing date: January 23, 2026 (timely — within the Form 4 filing window).
• Withheld shares: 7,642 at $3.25 per share; total value $24,837.
• Trigger: Vesting of 11,500 Performance Units dated January 21, 2025; approximately 66.5% of the vested units were withheld to cover taxes (7,642 / 11,500).
• Holdings note: Filing footnote indicates inclusion of 665,100 restricted stock units (per footnote F2).
• Footnote on awards: Each Performance Unit converts to one share upon vesting; vesting includes time-based and market-based (total shareholder return) conditions (see footnote F3).
• Transaction type: F = tax withholding to satisfy tax liability on vested awards (routine, not a directional trade).

Context

• This was not a market sale or a purchase — shares were retained/withheld to meet tax obligations resulting from award vesting (a common administrative transaction).
• The Performance Units vest partly by time (20% on Jan 21, 2026; then 10% every six months in eight installments) and partly by market-based TSR hurdles in four equal tranches, so future vesting depends on those conditions.