Form 4: iHeartMedia Director James A. Rasulo Sells 40,223 Shares for Tax Management

iHeartMedia director James A. Rasulo sold 40,223 shares of Class A Common Stock for tax management purposes at a weighted average price of $2.3968 per share.

Summary

• James A. Rasulo, a director at iHeartMedia, Inc., sold 40,223 shares of Class A Common Stock.
• The sale was executed on November 13, 2024.
• The shares were sold at a weighted average price of $2.3968 per share.
• The transactions were solely for tax management purposes.
• The price range for the sales was between $2.35 and $2.43 per share.
• Following the transaction, Mr. Rasulo directly owns 339,322 shares of iHeartMedia stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale for tax purposes, which is neutral in sentiment.

Industry Context

This is a routine filing related to insider trading activity and does not indicate any specific trend in the broader media industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are common across all publicly traded companies.
• The sale of shares by a director is a normal occurrence and does not necessarily indicate a negative outlook for the company.
• The volume of shares sold is relatively small compared to the total outstanding shares of iHeartMedia.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect on the company's operations or financial health.

Key Dates

Keywords

iHeartMedia, James A. Rasulo, stock sale, Form 4, insider trading, tax management, Class A Common Stock