Diaz Manuel A. 4

What Happened
Manuel A. Diaz, a director of OUTFRONT Media Inc., disposed of 11,271 shares in an open-market sale on March 23, 2026. The weighted-average sale price was $26.93, producing gross proceeds of approximately $303,528. This was a sale (not a purchase) and therefore generally reflects a liquidity event rather than a bullish purchase signal.

Key Details

• Transaction date: March 23, 2026.
• Shares sold: 11,271; weighted-average price: $26.93; total proceeds ≈ $303,528.
• Price range: shares were sold in multiple trades at prices between $26.00 and $27.28 (per footnote). The filer can provide a per-price breakdown on request.
• Plan/authorization: Sales were effected under a Rule 10b5-1 trading plan adopted August 22, 2025 (pre-arranged plan).
• Shares owned after transaction: Not disclosed in this Form 4 filing.
• Filing timeliness: Reported and filed on March 23, 2026 (no late filing indicated).

Context

• A 10b5-1 plan allows insiders to execute pre-scheduled trades and is commonly used to avoid questions about timing; it does not, by itself, indicate a change in the insider’s view of the company.
• For retail investors, purchases are often more informative about insider conviction; routine sales under 10b5-1 plans typically reflect planned liquidity rather than new negative information.