Form 4: Gray Media Director Richard B. Hare Reports Stock Disposal
SEC Form 4 Filing
Richard B. Hare, a director at Gray Media, Inc., reported disposing of shares to cover tax obligations.
Summary
- On April 30, 2025, Richard B. Hare, a director of Gray Media, Inc. (GTN), disposed of 10,208 shares of common stock at a price of $3.35 per share to cover tax obligations.
- Following the transaction, Hare directly owns 51,013 shares of common stock.
- Hare also disposed of 9,607 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock disposal for tax obligations. It doesn't inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to track the buying and selling activity of individuals with privileged information about the company's performance and prospects.
Stakeholder Impact
- The disposal of shares by a director could be perceived negatively by some shareholders, although it is disclosed as being for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/30/2025 | Date of stock disposal transaction |
| 05/02/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Beneficial Ownership, GRAY MEDIA, INC, GTN, Richard B. Hare, Director, Stock Disposal, Tax Obligations
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