Entravision CEO exercises 200K performance units

CEO Michael Christenson converted 200,000 Performance Units into Class A shares, bringing his reported Class A holdings to over 5.3 million shares.

Rhea-AI Filing Summary

ENTRAVISION COMMUNICATIONS CORP (EVC) reported that Chief Executive Officer and director Michael J. Christenson exercised 200,000 Performance Units into 200,000 shares of Class A common stock on September 16, 2026. These units vest based on both time and a market-based total shareholder return condition, with the fourth market tranche deemed achieved as of that date. Following the exercise, Christenson holds 5,307,170 Class A shares, including 4,905,000 restricted stock units; no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

200,000 shares exercised/converted

Exercise 2 txns

Insider Christenson Michael J

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Performance Units F1	200,000	$0.00	$0.00
Exercise	Class A common stock F1, F2	200,000	--	--

Holdings After Transaction: Performance Units — 200,000 contracts (Direct); Class A common stock — 5,307,170 shares (Direct)

Footnotes (2)

1. F1. Each Performance Unit represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting. The Performance Units vest by a combination of both (i) time-based vesting, with 20% vesting on July 1, 2024 and 10% vesting every six months thereafter in eight equal installments, and (ii) a market-based vesting condition based on total shareholder return hurdles in five equal tranches, the fourth of which was deemed achieved by the Compensation Committee of the Board of Directors as of the transaction date.
2. F2. Includes 4,905,000 restricted stock units.

Key Figures

Performance Units exercised: 200,000 units Class A shares acquired: 200,000 shares Class A shares held after transaction: 5,307,170 shares +5 more

8 metrics

Performance Units exercised 200,000 units Exercised into Class A common stock on September 16, 2026

Class A shares acquired 200,000 shares Received upon exercise of Performance Units on September 16, 2026

Class A shares held after transaction 5,307,170 shares Direct holdings reported after the September 16, 2026 transactions

Restricted stock units included in holdings 4,905,000 units Included within the 5,307,170 reported Class A shares

Initial time-based vesting portion 20% Vested on July 1, 2024 for the Performance Units

Ongoing time-based vesting rate 10% every six months In eight equal installments after July 1, 2024

Performance Units expiration date July 1, 2028 Expiration associated with the Performance Units exercised

Market-based performance tranches 5 tranches, 4 achieved as of date Total shareholder return hurdles for Performance Units

Key Terms

Performance Units, restricted stock units, market-based vesting condition, total shareholder return, +1 more

5 terms

Performance Units financial

"Each Performance Unit represents a contingent right to receive one share"

Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.

restricted stock units financial

"Includes 4,905,000 restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

market-based vesting condition financial

"and (ii) a market-based vesting condition based on total shareholder return"

total shareholder return financial

"based on total shareholder return hurdles in five equal tranches"

Total shareholder return is the overall gain an investor gets from owning a stock, combining changes in the share price plus any cash payouts like dividends, and assuming those payouts are reinvested in more shares. Investors use it like a single score that shows the true return on their investment—similar to checking both the growth of a savings account and the interest earned—to compare how well different companies or investments perform over time.

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did EVC’s CEO Michael Christenson report on this Form 4?

Michael J. Christenson reported exercising 200,000 Performance Units into 200,000 shares of Entravision Class A common stock on September 16, 2026, as an exercise or conversion of a derivative security.

How many EVC Class A shares does the CEO hold after this Form 4 transaction?

After the reported transaction, Michael J. Christenson beneficially holds 5,307,170 shares of Entravision Class A common stock, held directly, which the filing states includes 4,905,000 restricted stock units.

What are the key vesting terms of the EVC Performance Units exercised by the CEO?

Each Performance Unit represents a right to receive one Class A share upon vesting. Vesting is based on (i) time, with 20% vesting on July 1, 2024 and 10% every six months thereafter in eight installments, and (ii) a market-based total shareholder return condition in five equal tranches.

Which performance condition for EVC’s Performance Units was achieved as of the transaction date?

The filing states that the fourth of five market-based total shareholder return tranches for the Performance Units was deemed achieved by the Compensation Committee as of the September 16, 2026 transaction date.

Were the reported EVC insider transactions made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.

What is the expiration date associated with the EVC Performance Units in this Form 4?

The derivative security described as Performance Units in the Form 4 carries an expiration date of July 1, 2028, according to the transaction detail for the exercised units.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/18/2026 - 04:33 PM Accepted by SEC EDGAR 09/18/2026 - 04:32 PM Learn about SEC filing dates

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^*

Christenson Michael J

(Last) (First) (Middle)

C/O ENTRAVISION COMMUNICATIONS CORP

2425 OLYMPIC BLVD, STE 6000W

(Street)

SANTA MONICA CALIFORNIA 90404

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026

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

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

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

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	09/16/2026		M		200,000	A	(1)	5,307,170(2)	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
Performance Units	(1)	09/16/2026		M			200,000	(1)	07/01/2028	Class A common stock	200,000	$0.00	200,000	D

Explanation of Responses:

1. Each Performance Unit represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting. The Performance Units vest by a combination of both (i) time-based vesting, with 20% vesting on July 1, 2024 and 10% vesting every six months thereafter in eight equal installments, and (ii) a market-based vesting condition based on total shareholder return hurdles in five equal tranches, the fourth of which was deemed achieved by the Compensation Committee of the Board of Directors as of the transaction date.

2. Includes 4,905,000 restricted stock units.

Remarks:

	/s/ Jeffrey C. DeMartino by power of attorney for Michael Christenson	09/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)