Form 4: iHeartMedia Director Reports Gift Transfer of Shares to Irrevocable Trust
Insider Transaction Report
Kamakshi Sivaramakrishnan, a Director at iHeartMedia, Inc., reported a gift transfer of 681 shares of Class A Common Stock between trusts she controls.
Summary
- Kamakshi Sivaramakrishnan, a Director of iHeartMedia, Inc. (IHRT), filed a Form 4 reporting a change in beneficial ownership.
- On June 24, 2025, 681 shares of Class A Common Stock, with a par value of $0.001 per share, were transferred as a gift from the Kamakshi Sivaramakrishnan 2023 Annuity Trust (GRAT) to the Ananya Shashidhar Hebsur 2023 Irrevocable Trust.
- The transaction code 'G' indicates a gift, and the reported price for this transfer was $0.
- Following the transaction, the Kamakshi Sivaramakrishnan 2023 Annuity Trust beneficially owns 0 shares, while the Ananya Shashidhar Hebsur 2023 Irrevocable Trust beneficially owns 681 shares.
- Ms. Sivaramakrishnan also directly owns 385,912 shares of Class A Common Stock, which were not part of this specific gift transaction.
- The reporting person disclaims beneficial ownership of the shares held by the trusts except to the extent of her pecuniary interest therein.
Sentiment
Score: 5
Explanation: The document reports a routine insider gift transaction, which is neutral in sentiment regarding the company's operational or financial performance. It reflects a personal financial planning event rather than a corporate strategic move.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- A gift transfer of 681 shares of Class A Common Stock occurred between the Kamakshi Sivaramakrishnan 2023 Annuity Trust and the Ananya Shashidhar Hebsur 2023 Irrevocable Trust, both of which are controlled by the reporting person, Kamakshi Sivaramakrishnan.
Stakeholder Impact
- This transaction is a personal financial planning event for a director and is unlikely to have a material impact on iHeartMedia's shareholders, employees, customers, suppliers, or creditors, as it does not reflect on the company's operational or financial performance.
Key Dates
| Date | Description |
|---|---|
| 06/24/2025 | Date of the gift transaction of Class A Common Stock. |
| 06/26/2025 | Date the Form 4 was signed and filed by the reporting person's attorney-in-fact. |
Keywords
iHeartMedia, IHRT, Form 4, insider transaction, beneficial ownership, stock transfer, gift, Kamakshi Sivaramakrishnan, trust
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