Garcia Luis A. 4

What Happened

• Luis A. Garcia, 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 (award/grant), and the grant will vest in full on April 30, 2027. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-06; Form 4 filed: 2026-05-08 (timely).
• Transaction type/code: Award/Grant (code A); price reported: $0.00; shares: 30,741.
• Vesting: Entire grant vests on April 30, 2027 (footnote F1).
• Shares owned after transaction: Not disclosed in the filing.
• Filing timeliness: Filed within the SEC’s two-business-day window (not late).

Context

• Restricted stock awards are commonly used as compensation and do not indicate an immediate purchase or sale of stock. Because these shares vest in the future, they are subject to forfeiture conditions until vesting and do not provide immediate liquidity or market activity.