Clear Channel Outdoor Holdings: director Joe Marchese sold 906,807 shares

What happened

• Joe Marchese, director, disposed 906,807 shares to the issuer at $2.43 per share on Oct 14, 2026, for $2,203,541, as reported in the Form 4.

Key details

• Transaction date and price: Oct 14, 2026; disposition to issuer (code D) at $2.43 per share.
• Shares involved: 906,807 shares; total cash received $2,203,541.
• Shares owned after the transaction: 0 (each share was converted into the right to receive $2.43 per share under the merger agreement; see footnote F1).
• Footnotes: F1 — under the Merger Agreement dated Feb 9, 2026, each outstanding share of common stock was converted into the right to receive $2.43 in cash and each RSU was cancelled and converted into cash equal to $2.43 times the number of shares subject to the award; F2 — RSUs issued in lieu of cash retainers were converted into the same RSU consideration.
• Filing date: Oct 15, 2026 (period of report Oct 14, 2026).

Why it may matter

• This disposition was part of a merger cash-out: common shares and RSUs were converted into a cash payment of $2.43 per share rather than sold on the open market.
• A filing does not show why the insider traded or why the company acted.