Gignac Jeffrey R 4

What Happened

• Jeffrey R. Gignac, Executive Vice President and Chief Financial Officer of Gray Media, disposed of 43,434 shares on 2026-04-01 as part of a net settlement to cover tax liability. The shares were valued at $4.40 each, for a total of $191,110. This was a forfeiture/withholding transaction (not an open-market sale).

Key Details

• Transaction date: 2026-04-01 (reported on Form 4 filed 2026-04-03)
• Price per share: $4.40; Total value: $191,110
• Shares owned after transaction: not disclosed in the provided filing
• Footnote: F1 — "Represents forfeiture of restricted stock for the purpose of net settlement."
• Transaction code: F (payment of exercise price or tax liability / tax withholding)
• Filing timeliness: Form filed 2026-04-03 for the 2026-04-01 transaction; no late-filing indication in the provided data

Context

• This transaction appears to be a routine tax-withholding/net-settlement of restricted stock (common when restricted awards vest). Because the shares were forfeited to cover taxes rather than sold on the open market, it generally conveys less information about the insider’s view of the company than a discretionary sale or purchase.