Christenson Michael J 4

What Happened
Michael J. Christenson, CEO of Entravision Communications Corp. (EVC), converted a total of 1,358,750 derivative awards into Class A common shares on June 17, 2026. The filing shows three conversions: 600,000; 558,750; and 200,000 units. The transactions list the acquired shares with no cash price disclosed (N/A) and the derivative disposition recorded at $0.00 — indicating conversion/vesting of performance units/restricted units rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-17; Form 4 filed: 2026-06-22 (filed 5 calendar days / 3 business days after the transaction).
• Shares acquired (converted): 600,000 + 558,750 + 200,000 = 1,358,750 shares. Disposition entries show $0.00 for the surrendered derivative instruments.
• Shares owned after transaction: not specified in the provided excerpt — see the full Form 4 for total beneficial ownership.
• Footnotes: filings describe these as Performance Units that vest by a mix of time- and market-based conditions; Compensation Committee deemed multiple market-based tranches achieved as of the transaction date. Related footnotes also reference large totals of restricted stock units (3,946,250; 4,505,000; 4,705,000) in the filing.
• Transaction code: M (exercise or conversion of derivative). Disposition code indicates surrender of derivative instruments (F).

Context
This was a conversion/vesting event (performance units/RSUs converting into common stock), not an open-market sale or purchase. The $0.00 disposition entries reflect surrender/settlement of vested awards rather than proceeds received. Such conversions are routine when performance/time vesting conditions are met; they do not necessarily signal a buy or sell view by the insider. Note the Form 4 was filed a few business days after the transaction date, which is later than the typical two-business-day reporting window.