PITTMAN ROBERT W 4

What Happened

• Robert W. Pittman, Chairman, CEO and a director of iHeartMedia (IHRT), purchased 16,349 shares of Class A common stock on March 9, 2026. The filing reports a weighted-average price of $2.97 per share for a total reported value of $48,525. The purchase was reported as an open market or private purchase (transaction code P).

Key Details

• Transaction date: 2026-03-09. Transaction type: Purchase (P).
• Shares acquired: 16,349; weighted-average price: $2.97; total reported cost: $48,525.
• Price range: shares were bought in multiple trades at prices between $2.87 and $3.175 (footnote F1).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Weighted-average price; the reporting person can provide per-trade quantities/prices on request.
  • F2: Some reported shares are held by Pittman CC, LLC, a vehicle controlled by Mr. Pittman; he disclaims beneficial ownership except for his pecuniary interest.
• Filing timeliness: Reported on 2026-03-09 for a transaction on the same date (no late filing indicated).

Context

• This was an outright purchase, not an option exercise or award. Purchases by insiders can be of interest to investors as one data point on insider activity, but they do not by themselves prove future company performance. The total dollar amount here (~$48.5K) is relatively modest.