Clear Channel Outdoor Holdings: director Lisa Hammitt sold 499,687 shares

What happened

• Lisa Hammitt, a director, disposed of 499,687 shares to the issuer at $2.43 per share, receiving $1,214,239, as reported on the Form 4.

Key details

• Transaction date: Oct 14, 2026; price per share: $2.43; total value: $1,214,239.
• Transaction code: D (disposition to issuer).
• Filing date: Oct 15, 2026.
• Shares owned after the transaction: not stated in the provided filing.
• Footnote F1: pursuant to the Feb 9, 2026 merger agreement, each outstanding share was converted into the right to receive $2.43 per share, and outstanding restricted stock units were cancelled and converted into the right to receive $2.43 multiplied by the number of shares subject to the award.

Why it may matter

• The reported disposition was part of the merger conversion described in the footnote, not an open-market sale.
• This was not an option exercise or a gift.
• The filing does not show why the insider traded or why the company acted.