Arturo Moreno (NYSE: CCO) holds 13.6% and signs merger support

Rhea-AI Filing Summary

Arturo R. Moreno filed Amendment No. 6 to his Schedule 13D on Clear Channel Outdoor Holdings, Inc., reporting beneficial ownership of 67,612,859 shares of common stock, or 13.6% of the class, based on 498,488,033 shares outstanding as of February 5, 2026.

Moreno purchased 4,148,843 shares in open market transactions between May and August 2025 for an aggregate $4,392,175.06 using personal funds. The filing notes that Clear Channel agreed to be acquired by a consortium led by Mubadala Capital and TWG Global for $2.43 in cash per share, and that Moreno entered into a Support Agreement to vote all his shares in favor of the merger and against alternative acquisition proposals.

Insights

Equity ownership and M&A specialist

Large shareholder backs $2.43-per-share cash merger for Clear Channel.

The filing shows Arturo R. Moreno holding 67,612,859 Clear Channel Outdoor shares, or 13.6% of outstanding common stock as of February 5, 2026. This level of beneficial ownership makes him a significant holder whose support can influence merger outcomes.

The company agreed to a cash acquisition where shareholders receive $2.43 per share. Moreno previously bought 4,148,843 shares between May and August 2025 for an aggregate $4,392,175.06, indicating additional capital committed ahead of this transaction, though no price comparison is provided here.

Moreno’s Support Agreement with the acquirer’s parent entity commits all of his shares in favor of adopting the Merger Agreement and against alternative proposals. This documented voting commitment reduces uncertainty around stockholder approval, although final completion still depends on broader shareholder and regulatory processes described outside this excerpt.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

Clear Channel Outdoor Holdings, Inc

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

18453H106

(CUSIP Number)

Arturo R. Moreno
c/o Moreno Companies, LLC, 4455 E. Camelback Road, Suite C140
Phoenix, AZ, 85018
(602) 667-9500

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

02/09/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 18453H106

1

Name of reporting person

Arturo R. Moreno

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 67,612,859.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 67,612,859.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

67,612,859.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

13.6 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

The percent reported in row 13 is based on 498,488,033 shares of Common Stock outstanding as of February 5, 2026, as represented in the Merger Agreement filed as an exhibit to the Issuer's Current Report on Form 8-K filed with the SEC on February 9, 2026.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.01 par value per share
(b)	Name of Issuer: Clear Channel Outdoor Holdings, Inc
(c)	Address of Issuer's Principal Executive Offices: 4830 North Loop 1604W, Suite 111, San Antonio, TEXAS , 78249.
Item 1 Comment: EXPLANATORY NOTE This Amendment No. 6 ("Amendment No. 6") to Schedule 13D is filed by Mr. Moreno (the "Reporting Person") to amend the Schedule 13D originally filed on behalf of the Reporting Person with the United State Securities and Exchange Commission (the "SEC") on December 5, 2023, as subsequently amended on December 6, 2023, May 20, 2024, November 4, 2024, April 8, 2025 and May 14, 2025 (collectively, the "Original Schedule 13D"). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Original Schedule 13D. Except as specifically provided herein, this Amendment No. 6 does not modify any of the information previously reported in the Original Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Original Schedule 13D is hereby amended and supplemented to include the following information: The Reporting Person purchased 4,148,843 shares of Common Stock in open market transactions between May and August 2025 for an aggregate purchase price of $4,392,175.06, including brokerage commissions. Funding of the purchases of the Common Stock was from the Reporting Person's personal funds. The information set forth in Item 5 of this Amendment No. 6 is incorporated by reference in its entirety into this Item 3.
Item 4.	Purpose of Transaction
	Item 4 of the Original Schedule 13D is hereby supplemented as follows: On February 9, 2026, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Madison Parent Inc., a Delaware corporation ("Parent"), and Madison Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which the Issuer is to be acquired by an investor consortium comprised of affiliates and/or certain investment funds advised by Mubadala Capital ("Mubadala Capital"), in partnership with TWG Global ("TWG" and, together with Mubadala Capital, the "Consortium"). Pursuant to the Merger Agreement, Merger Sub will be merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly owned subsidiary of Parent. Under the terms of the Merger Agreement, the Consortium will acquire 100% of the Issuer's outstanding common stock, with the Issuer's common shareholders receiving $2.43 per share in cash, as more fully described in the Form 8-K filed by the Issuer with the SEC on February 9, 2026. Concurrently with the execution of the Merger Agreement, the Reporting Person and certain other parties entered into separate support agreements (each, a "Support Agreement") with Parent. Pursuant to the Support Agreement, the Reporting Person agreed to, among other things, vote or execute consents with respect to all of his shares of Common Stock in favor of the adoption of the Merger Agreement and approval of the Merger and against any alternative acquisition proposal, subject to certain terms and conditions contained therein. The foregoing description of the Support Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Support Agreement, which is attached hereto as Exhibit 99.1.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 of the Original Schedule 13D is hereby amended and supplemented to include the following information: The information set forth in Item 3 and on the cover pages of this Amendment No. 6 is incorporated by reference in its entirety into this Item 5.
(c)	During the last sixty (60) days, the Reporting Person has not effected any transactions in the Issuer's Common Stock.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of the Original Schedule 13D is hereby supplemented to add the following: On February 9, 2026, the Reporting Person and Parent entered into the Support Agreement as defined and described in Item 4 above. Nothing in the Support Agreement is intended to constitute the formation of a "group" within the meaning of Section 13(d)(3) of the Exchange Act.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby supplemented to add the following exhibit: 99.1 - Support Agreement

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Arturo R. Moreno

Signature:	/s/ Arturo R. Moreno
Name/Title:	Arturo R. Moreno
Date:	02/11/2026

FAQ

How many Clear Channel Outdoor (CCO) shares does Arturo R. Moreno beneficially own?

Arturo R. Moreno beneficially owns 67,612,859 Clear Channel Outdoor shares. The filing reports this stake as representing 13.6% of the company’s common stock, based on 498,488,033 shares outstanding as of February 5, 2026, referenced in the merger agreement.

What recent Clear Channel Outdoor (CCO) share purchases did Arturo R. Moreno disclose?

Moreno purchased 4,148,843 Clear Channel Outdoor shares in 2025. These were open market transactions between May and August 2025 with an aggregate purchase price of $4,392,175.06, including brokerage commissions, funded entirely from his personal funds according to the filing.

What are Clear Channel Outdoor (CCO) shareholders expected to receive in the announced merger?

Clear Channel Outdoor shareholders are to receive $2.43 in cash per share. Under the Merger Agreement, an investor consortium led by Mubadala Capital with TWG Global will acquire 100% of the outstanding common stock at this cash price per share.

How is Arturo R. Moreno supporting the Clear Channel Outdoor (CCO) merger?

Moreno signed a Support Agreement to back the merger. He agreed to vote or consent all his Clear Channel Outdoor shares in favor of adopting the Merger Agreement and approving the merger, and against any alternative acquisition proposals, subject to specified terms and conditions.

What percentage of Clear Channel Outdoor (CCO) does Arturo R. Moreno own according to this amendment?

Moreno’s reported ownership is 13.6% of Clear Channel Outdoor. This percentage is calculated using 498,488,033 common shares outstanding as of February 5, 2026, as referenced in the Merger Agreement attached to the company’s Form 8-K.

Has Arturo R. Moreno traded Clear Channel Outdoor (CCO) stock in the last 60 days?

The filing states Moreno has not traded CCO shares in the last 60 days. Item 5(c) specifies that during the last sixty days, the reporting person has not effected any transactions in Clear Channel Outdoor’s common stock.