Gray Media (GTN) director reports 57,000-share sale to cover restricted stock taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GRAY MEDIA, INC director Richard Lee Boger reported selling a total of 57,000 shares of company stock. On May 19, 2026, he sold 2,000 shares of Class A Common Stock at $10.12 per share and 55,000 shares of Common Stock at $4.19 per share.
Following these transactions, he directly holds 4,591 shares of Class A Common Stock and 37,084 shares of Common Stock, and indirectly holds 2,092 shares of Class A Common Stock as custodian for grandchildren. A footnote states the shares were sold to cover tax obligations upon vesting of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 57,000 shares ($250,690)
Net Sell
3 txns
Insider
BOGER RICHARD LEE
Role
null
Sold
57,000 shs ($251K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 55,000 | $4.19 | $230K |
| Sale | Class A Common Stock | 2,000 | $10.12 | $20K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 37,084 shares (Direct, null);
Class A Common Stock — 4,591 shares (Direct, null);
Class A Common Stock — 2,092 shares (Indirect, Custodian for Grandchildren)
Footnotes (1)
- [object Object]
Key Figures
Class A shares sold: 2,000 shares at $10.12
Common shares sold: 55,000 shares at $4.19
Total shares sold: 57,000 shares
+3 more
6 metrics
Class A shares sold
2,000 shares at $10.12
Open-market sale on May 19, 2026
Common shares sold
55,000 shares at $4.19
Open-market sale on May 19, 2026
Total shares sold
57,000 shares
Net-sell direction in transaction summary
Class A direct holdings
4,591 shares
Shares following Class A transaction
Common direct holdings
37,084 shares
Shares following Common Stock transaction
Indirect Class A holdings
2,092 shares
Custodian for grandchildren
Key Terms
open-market sale, restricted stock, Class A Common Stock, Common Stock, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
restricted stock financial
"cover tax obligations upon vesting of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
custodian for grandchildren financial
"nature_of_ownership": "Custodian for Grandchildren""
FAQ
What insider transactions did GTN director Richard Lee Boger report?
Director Richard Lee Boger reported selling 57,000 Gray Media shares. He sold 2,000 Class A shares at $10.12 and 55,000 Common shares at $4.19 on May 19, 2026, according to the Form 4 filing.
What portion of Richard Lee Boger’s Gray Media holdings are indirect?
The filing shows 2,092 Class A Common Stock shares held indirectly as custodian for grandchildren. These are separate from his direct holdings of 4,591 Class A and 37,084 Common shares, clarifying the distinction between personal and custodial ownership.