Form 4: Gignac Jeffrey R reports acquisition/exercise transactions in GTN

Rhea-AI Filing Summary

Gignac Jeffrey R reported acquisition or exercise transactions in a Form 4 filing for GTN. The filing lists transactions totaling 238,147 shares at a weighted average price of $4.64 per share. Following the reported transactions, holdings were 882,746 shares.

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

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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^*

Gignac Jeffrey R

(Last) (First) (Middle)

4370 PEACHTREE RD NE

SUITE 400

(Street)

ATLANTA GA 30319

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GRAY MEDIA, INC [ GTN ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President, CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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	02/12/2026		A		238,147(1)	A	$4.64	882,746	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. Represents a grant of restricted stock, which vests ratably on 2/28/27, 2/29/28, and 2/28/29.

	/s/ Ginger Davis by Power of Attorney	02/17/2026
	** 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.
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FAQ

What insider transaction did GTN executive Jeffrey R. Gignac report?

Jeffrey R. Gignac reported an acquisition of Gray Media common stock through an equity grant. On February 12, 2026, he received 238,147 restricted shares at $4.64 per share, classified as a grant or award rather than a market purchase or sale.

How many Gray Media (GTN) shares does Jeffrey R. Gignac now own?

After the reported grant, Jeffrey R. Gignac directly beneficially owns 882,746 shares of Gray Media common stock. This total reflects the addition of 238,147 restricted shares awarded on February 12, 2026, as disclosed in the Form 4 insider transaction filing.

What type of equity award did GTN grant to Jeffrey R. Gignac?

Gray Media granted Jeffrey R. Gignac restricted stock rather than options or cash-settled awards. The Form 4 specifies that 238,147 shares of common stock were issued as restricted shares, meaning they are subject to vesting over time before becoming fully unrestricted.

What is the vesting schedule for Jeffrey R. Gignac’s GTN restricted stock?

The restricted stock grant to Jeffrey R. Gignac vests in three equal annual installments. According to the filing, shares vest ratably on February 28, 2027, February 29, 2028, and February 28, 2029, aligning the award with the company’s multi-year performance horizon.

Was Jeffrey R. Gignac’s GTN stock transaction a market buy or sell?

The transaction was not a market buy or sell; it was an equity grant. The Form 4 uses transaction code “A” and describes it as a grant, award, or other acquisition of 238,147 restricted shares, issued at a value of $4.64 per share.

What is Jeffrey R. Gignac’s role at Gray Media (GTN)?

Jeffrey R. Gignac serves as Executive Vice President and Chief Financial Officer of Gray Media. The Form 4 identifies him as an officer rather than a director or 10% owner, and reports his direct beneficial ownership of company common stock following the restricted stock grant.