Form 4: Gray Television EVP James C. Ryan Reports Stock Disposal

James C. Ryan, EVP & Chief Financial Officer of Gray Television Inc., reported the disposal of 15,689 shares of common stock to cover tax obligations, while still holding a significant number of shares directly and indirectly.

Summary

• James C. Ryan, the EVP & Chief Financial Officer of Gray Television Inc., filed a Form 4 indicating changes in beneficial ownership of the company's stock.
• On February 29, 2024, Ryan disposed of 15,689 shares of common stock at a price of $5.84 per share.
• This transaction was related to the satisfaction of tax obligations.
• Following the transaction, Ryan directly owns 810,799 shares of Gray Television Inc.
• Ryan also indirectly owns 15,273 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing. The transaction itself (disposal of shares for tax obligations) is neutral in sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in insider ownership, but the overall impact is likely minimal given the relatively small number of shares involved compared to the total outstanding shares.

Key Dates