Clear Channel Outdoor Holdings: director Andrew W Hobson sold 878,700 shares

What happened

• Andrew W Hobson, director, disposed of 878,700 shares to the issuer at $2.43 per share on Oct 14, 2026, for $2,135,241. The transaction is reported as a disposition to the issuer (code D).

Key details

• Transaction date and price: Oct 14, 2026 at $2.43 per share; total $2,135,241.
• Filing date and period: Form 4 filed Oct 15, 2026 reporting the Oct 14, 2026 transaction.
• Shares owned after the transaction: the filing indicates the issuer’s Merger Agreement converted outstanding common stock into the right to receive cash, so the reported shares were disposed to the issuer under that agreement.
• Relevant footnotes: F1 states that under the Merger Agreement dated Feb 9, 2026 each outstanding share of common stock was converted into the right to receive $2.43 per share and each outstanding RSU was cancelled and converted into the RSU consideration; F2 states RSUs issued in lieu of cash retainers were converted into the RSU consideration.

Why it may matter

• The disposition was part of the merger consideration process (conversion of shares into cash under the Merger Agreement), not a typical open-market sale. A filing does not show why the insider traded or why the company acted.