EVC insider filing: Ulloa estate moves 2.65M shares; Survivor's Trust sells 81,802 shares

Rhea-AI Filing Summary

Entravision Communications (EVC) insider ownership changes and sales are disclosed on Form 4. On September 9, 2024 the Estate of Walter F. Ulloa was settled into sub-trusts: 1,220,201 Class A shares into the Survivor's Trust, 1,087,571 into the Non-Exempt Marital Trust, and 344,840 into the Bypass Trust. The filing shows the Estate transferred 2,652,612 shares resulting in zero direct estate ownership. The Survivor's Trust is reported to beneficially own 11,820,143 Class A shares after earlier adjustments; the Non-Exempt Marital Trust and Bypass Trust own 1,087,571 and 344,840 shares respectively. The report also discloses sales by the Survivor's Trust in August 2025 totaling 81,802 shares across three days at weighted average prices in the ~$2.33–$2.43 range, with specific reported weighted prices of $2.3926, $2.393 and $2.354.

Positive

• Transparent disclosure of estate settlement into three sub-trusts with detailed share counts and ownership form.
• Itemized sales reported with weighted average prices and willingness to provide detailed per-price breakdowns on request.
• Trustee disclaimers clarify indirect ownership and pecuniary interest, aligning with standard Section 16 reporting practices.
• Exhibits noted (powers of attorney) indicate proper authorization for filings and signatures.

Negative

• Insider sales by the Survivor's Trust in August 2025 totaled 81,802 shares at prices in the ~$2.33–$2.43 range, reducing that trust's holdings.
• Direct estate ownership reduced to zero following the settlement, which materially reallocated a sizable block of shares away from the estate.

Insights

Securities Analyst

TL;DR: Estate settlement reallocated significant Class A shares to family trusts; disclosed August 2025 sales reduced the Survivor's Trust position modestly.

The Form 4 documents an estate settlement on September 9, 2024 that moved 2,652,612 Class A shares into three sub-trusts under the Seros Ulloa Family Trust of 1996, with clear direct ownership labels and disclaimers by the reporting trustee. The filing also records three separate sales by the Survivor's Trust in August 2025 totaling 81,802 shares at weighted average prices reported between $2.33 and $2.43. The disclosure includes prior estate option exercise details and notes transfers of small lots (425 shares) from direct to indirect ownership. For investors, these are ownership-structure and liquidity events rather than operational developments; the filing is procedural and compliant in showing beneficial ownership and trustee disclaimers.

Corporate Governance Expert

TL;DR: The Form 4 reflects lawful trust settlements and trustee-filed sales with standard disclaimers of beneficial ownership by the trustee.

The submission provides transparent explanations: shares from the Estate of Walter F. Ulloa were allocated into Survivor's, Non-Exempt Marital, and Bypass Trusts, and the trustee expressly disclaims beneficial ownership except for any pecuniary interest. The filing includes exhibits noted as powers of attorney and documents multiple transactions including a prior option exercise that involved share withholding to satisfy taxes. From a governance perspective, the report demonstrates procedural handling of estate and trust transfers and required insider-sell disclosures; no regulatory exceptions or irregularities are asserted within the form.

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^*

Seros Alexandra

(Last) (First) (Middle)

C/O ENTRAVISION COMMUNICATIONS CORPORATI

1 ESTRELLA WAY

(Street)

BURBANK CA 91504

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ENTRAVISION COMMUNICATIONS CORP [ EVC ]

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)
09/09/2024

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

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

	Form filed by One Reporting Person
X	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
Class A common stock	09/09/2024		W(1)		2,652,612	D	$0	0(2)	I	By Estate of Walter F. Ulloa
Class A common stock	09/09/2024		W(1)		1,220,201	A	$0	11,820,143(2)(6)	I	By Survivor's Trust under Seros Ulloa Family Trust of 1996(3)
Class A common stock	09/09/2024		W(1)		1,087,571	A	$0	1,087,571	I	By Non-Exempt Marital Trust under Seros Ulloa Family Trust of 1996(4)
Class A common stock	09/09/2024		W(1)		344,840	A	$0	344,840	I	By Bypass Trust under Seros Ulloa Family Trust of 1996(5(5)
Class A common stock								0	D(6)
Class A common stock	08/19/2025		S		15,523	D	$2.3926(7)	11,804,620	I	By Survivor's Trust under Seros Ulloa Family Trust of 1996(3(3)
Class A common stock	08/20/2025		S		29,443	D	$2.393(8)	11,775,177	I	By Survivor's Trust under the Seros Ulloa Family Trust of 1996(3)
Class A common stock	08/21/2025		S		36,836	D	$2.354(9)	11,738,341	I	By Survivor's Trust under the Seros Ulloa Family Trust of 1996(3)
Class A common stock								889,848	I	By Walter F. Ulloa Irrevocable Trust of 1996(10)

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

1. Name and Address of Reporting Person^*

Seros Alexandra

(Last) (First) (Middle)

C/O ENTRAVISION COMMUNICATIONS CORPORATI

1 ESTRELLA WAY

(Street)

BURBANK CA 91504

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Seros Ulloa Family Trust of 1996

(Last) (First) (Middle)

C/O ENTRAVISION COMMUNICATIONS CORPORATI

1 ESTRELLA WAY

(Street)

BURBANK CA 91504

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. On September 9, 2024, the Estate of Walter F. Ulloa (the "Estate") was settled into sub-trusts under the Seros Ulloa Family Trust of 1996 (the "Family Trust") as follows: 1,220,201 shares of Class A Common Stock were settled into the Survivor's Trust under the Family Trust; 1,087,571 shares of Class A Common Stock were settled into the Non-Exempt Marital Trust under the Family Trust; and 344,840 shares of Class A Common Stock were settled into the Bypass Trust under the Family Trust.

2. On February 10, 2023, 150,000 shares of Class A Common Stock held by the Estate were exercised pursuant to a stock option, with 99,829 shares of Class A Common Stock delivered to the Estate and 50,171 shares of Class A Common Stock withheld to satisfy stock option exercise costs and tax withholding obligations, in transactions by the executor of the Estate, exempt from Section 16 of the Securities Exchange Act of 1934 under Rule 16a-2(d).

3. These securities are owned directly by the Survivor's Trust under the Family Trust, and indirectly by Alexandra Seros as the trustee of such trust. Ms. Seros disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, if any.

4. These securities are owned directly by the Non-Exempt Marital Trust under the Family Trust, and indirectly by Alexandra Seros as the trustee of such trust. Ms. Seros disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, if any.

5. These securities are owned directly by the Bypass Trust under the Family Trust, and indirectly by Alexandra Seros as the trustee of such trust. Ms. Seros disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, if any.

6. Since the Reporting Person's last report, 425 shares were transferred from direct ownership to indirect ownership through the Family Trust for no consideration.

7. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.37 to $2.43, inclusive. The Reporting Person undertakes to provide to Entravision Communications Corporation (the "Issuer"), any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

8. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.35 to $2.43, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

9. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.33 to $2.39, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

10. These securities are owned directly by the Ulloa Irrevocable Trust and indirectly by Thomas Strickler as the sole trustee of such trust. Alexandra Seros disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, if any.

Remarks:

Exhibit 24.1 - Power of Attorney by Alexandra Seros; Exhibit 24.2 - Power of Attorney by The Seros Ulloa Family Trust

	ALEXANDRA SEROS By: /s/ Jeffrey C. DeMartino, by power of attorney for Alexandra Seros	08/21/2025
	THE SEROS ULLOA FAMILY TRUST By: /s/ Jeffrey C. DeMartino, by power of attorney for Alexandra Seros, Trustee	08/21/2025
	** 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 shares were transferred in the Entravision (EVC) Form 4?

On 9/9/2024 the Estate of Walter F. Ulloa settled 1,220,201 Class A shares into the Survivor's Trust, 1,087,571 into the Non-Exempt Marital Trust, and 344,840 into the Bypass Trust.

How many shares did the Survivor's Trust report owning after the transactions?

The Survivor's Trust is reported to beneficially own 11,820,143 Class A shares following the reported transactions.

Were there any sales disclosed in the Form 4 for EVC?

Yes. The Survivor's Trust sold 15,523, 29,443, and 36,836 shares on 8/19/2025, 8/20/2025, and 8/21/2025 respectively, at weighted average prices reported near $2.35–$2.393.

Does the trustee claim beneficial ownership of the trust shares?

No. Alexandra Seros, as trustee, expressly disclaims beneficial ownership

Are there documents authorizing the filings?

Yes. The filing references Exhibit 24.1 and 24.2 as powers of attorney related to the filings and trustee authority.