Form 4: Gray Television Director Richard Hare Reports Stock Disposal

Richard Hare, a director at Gray Television Inc., reported disposing of shares of common stock to cover tax obligations.

Summary

• On April 30, 2024, Richard Hare, a director of Gray Television Inc., disposed of 9,306 shares of common stock at a price of $5.75.
• This transaction was to cover tax obligations.
• Following the transaction, Hare directly owns 37,482 shares of common stock and 9,607 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of a stock transaction by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like directors and officers, trade their company's stock. These filings provide transparency into insider transactions, allowing investors to see if those with inside knowledge of the company are buying or selling shares.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership by a director.

Key Dates