[Form 4] Clear Channel Outdoor Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Transaction summary: Director Arturo R. Moreno reported direct purchases of Clear Channel Outdoor Holdings, Inc. (CCO) common stock on 08/01/2025 and 08/04/2025.

Details: Mr. Moreno acquired 1,500,000 shares on 08/01/2025 at a weighted-average price of $1.04 (trades ranged $1.00–$1.06) and 500,000 shares on 08/04/2025 at a weighted-average price of $1.06 (trades ranged $1.05–$1.065). The Form 4 shows direct beneficial ownership of 67,612,859 shares following the reported transactions. The Form 4 was signed on 08/05/2025.

Positive

• Director Arturo R. Moreno acquired 2,000,000 CCO shares across 08/01/2025 and 08/04/2025.
• Transactions were direct purchases, increasing beneficial ownership to 67,612,859 shares.
• Weighted-average prices and trade ranges disclosed ($1.04 for 08/01 tranche; $1.06 for 08/04 tranche), with explanatory notes.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director bought 2.0M CCO shares for ~ $2.09M; direct ownership rose to 67.6M — notable insider accumulation.

The filing reports two direct purchases totaling 2,000,000 shares at weighted-average prices of $1.04 and $1.06, implying aggregate cash outlay of approximately $2.09 million. The reporting person is a director and reports increased direct beneficial ownership to 67,612,859 shares. For investors, concentrated insider purchases can signal confidence, but valuation impact depends on outstanding share count and broader context not provided in this filing.

Corporate Governance Expert

TL;DR: Routine Form 4 disclosure of direct insider purchases across two dates; timely signature on 08/05/2025.

The Form 4 cleanly discloses the transactions, price ranges, and post-transaction beneficial ownership. The reporting person checked director status and filed as an individual. The explanations disclose weighted-average pricing and underlying trade price ranges as required. The filing contains no amendment and no derivatives activity. As a governance disclosure, this is complete and timely per the form's statements, but the filing alone does not provide strategic context for the purchases.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MORENO ARTURO R

(Last) (First) (Middle)

C/O MORENO COMPANIES, LLC

4455 E. CAMELBACK ROAD, SUITE C140

(Street)

PHOENIX AZ 85018

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Clear Channel Outdoor Holdings, Inc. [ CCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/01/2025		P		1,500,000	A	$1.04(1)	67,112,859	D
Common Stock	08/04/2025		P		500,000	A	$1.06(2)	67,612,859	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.00 to $1.06. The reporting person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within range set forth herein.

2. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.05 to $1.065. The reporting person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within range set forth herein.

	/s/ Arturo R. Moreno	08/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Arturo R. Moreno report on the Form 4 for CCO?

The Form 4 reports direct purchases of 1,500,000 shares on 08/01/2025 (weighted-average $1.04; range $1.00–$1.06) and 500,000 shares on 08/04/2025 (weighted-average $1.06; range $1.05–$1.065).

How many CCO shares does Moreno beneficially own after these transactions?

The filing shows 67,612,859 shares beneficially owned following the reported transactions.

What prices were paid for the shares reported on the Form 4?

Reported weighted-average prices are $1.04 (08/01/2025 tranche) and $1.06 (08/04/2025 tranche); price ranges are disclosed in explanatory notes.

What is the total number of shares purchased according to the Form 4?

A total of 2,000,000 shares were purchased (1,500,000 + 500,000).

When was the Form 4 signed and filed?

The signature on the Form 4 is dated 08/05/2025; transactions occurred on 08/01/2025 and 08/04/2025.