RICHARD A. RIDDLE - 14 Mar 2023 Form 4 Insider Report for SALEM MEDIA GROUP, INC. /DE/ (SALM)

Role
Director
Signature
/s/Christopher J. Henderson, Attorney-in-fact for Richard A. Riddle pursuant to a continuing power of attorney
Issuer symbol
SALM
Transactions as of
14 Mar 2023
Net transactions value
$0
Form type
4
Filing time
22 Mar 2023, 16:26:41 UTC
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SALM Stock Options (Right to buy) Award $0 +7,500 $0.000000 7,500 14 Mar 2023 Class A Common Stock 7,500 $1.06 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option was granted under the Issuer's Amended and Restated 1999 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3.