James C. Ryan - Apr 1, 2022 Form 4 Insider Report for GRAY TELEVISION INC (GTN)

Role
EVP & Chief Financial Officer
Signature
/s/ Ginger Davis by Power of Attorney
Stock symbol
GTN
Transactions as of
Apr 1, 2022
Transactions value $
-$1,106,500
Form type
4
Date filed
4/4/2022, 04:33 PM
Previous filing
Mar 3, 2022
Next filing
May 10, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTN Common Stock Sale -$1.11M -50K -9.65% $22.13 468K Apr 1, 2022 Direct F1, F2
holding GTN Common Stock 11.4K Apr 1, 2022 By 401(k) F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock sold pursuant to a 10b5 plan adopted in December 2021 for the purpose of diversifying Mr. Ryan's investments. After this sale and as of the date of this filing, Mr. Ryan continues to hold beneficial interest in company stock equal to more than three times his salary.
F2 These shares were sold in multiple open market transactions on April 1, 2022 for an average of $22.13 per share. The sale price ranged from $21.78 to $22.39. The reporting person undertakes to provide to Gray Television, Inc., any security holder of Gray Television, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price utilized to arrive at this average.
F3 Employee 401(k) plan is a unitized plan whereas employee investments are held in units rather than shares. Amount estimates shares owned on day of filing this report.