Form 4: Gray Media, Inc. Executive's Stock Transactions Revealed in SEC Filing

Jackson S. Cowart IV, Chief Accounting Officer of Gray Media, Inc., reports changes in beneficial ownership of company stock due to tax withholding.

Summary

• On February 28, 2025, Jackson S. Cowart IV, the Chief Accounting Officer of Gray Media, Inc., engaged in transactions involving the company's common stock.
• These transactions involved the disposal of 12,140 shares and 10,103 shares of common stock at a price of $3.76 per share for tax withholding.
• Following these transactions, Cowart directly owns 14,477 shares of Gray Media, Inc. common stock.
• Cowart also indirectly owns 18,176 shares of common stock and 22 shares of Class A common stock through a 401(k) plan.
• Additionally, Cowart indirectly owns 28,682 shares of common stock and 324 shares of Class A common stock held by spouse.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock transactions related to tax obligations, which is a routine event.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they are related to tax withholding for an executive.

Key Dates