Hare Richard B 4

What Happened

• Richard B. Hare, a director of Gray Media, Inc. (GTN), was granted 30,741 restricted shares on May 6, 2026. The shares were reported as acquired at $0.00 (total reported value $0) under an award (transaction code A).
• This was a grant of restricted stock (compensation/award), not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-05-06 — Award/Grant (code A).
• Shares granted: 30,741; reported acquisition price: $0.00; reported total: $0.
• Vesting: The grant “vests in full on April 30, 2027” (footnote F1).
• Shares owned after transaction: Not specified in the information provided in this filing.
• Filing: Form 4 filed 2026-05-08 (within the typical two-business-day reporting window; appears timely).

Context

• Restricted stock awards are commonly used for compensation and retention; they do not require the insider to spend cash to obtain the shares and typically vest over time.
• Such awards are different from purchases (which can be read as a direct bullish signal) and from sales (which can indicate liquidity needs or portfolio rebalancing). This filing shows a compensation grant with a one-year vesting date, not an immediate market trade.