Director Hare (GTN) awarded 30,741 Gray Media restricted shares

Rhea-AI Filing Summary

Hare Richard B reported acquisition or exercise transactions in this Form 4 filing.

GRAY MEDIA, INC director Richard B. Hare reported a compensation-related equity grant. He received 30,741 shares of Common Stock as a restricted stock award at $0.00 per share, which will vest in full on April 30, 2027. Following this grant, he directly holds 124,765 shares of Common Stock and 9,607 shares of Class A Common Stock, according to the filing.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hare Richard B

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	30,741	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Common Stock — 124,765 shares (Direct, null); Class A Common Stock — 9,607 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 30,741 shares Grant price: $0.00 per share Vesting date: April 30, 2027 +2 more

5 metrics

Restricted stock grant 30,741 shares Common Stock grant coded as award (A)

Grant price $0.00 per share Restricted stock award compensation value

Vesting date April 30, 2027 Restricted stock vests in full on this date

Common Stock holdings after 124,765 shares Total Common Stock directly held after grant

Class A holdings after 9,607 shares Class A Common Stock directly held

Key Terms

restricted stock, Grant, award, or other acquisition, Class A Common Stock, transaction code A, +1 more

5 terms

restricted stock financial

"Represents grant of restricted stock, which vests in full on April 30, 2027."

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.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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.

transaction code A financial

"transaction_code": "A""

non-derivative financial

"transaction_type": "non-derivative""

Form 4 Insider Transactions: What Each Field Means →

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^*

Hare Richard B

(Last) (First) (Middle)

4370 PEACHTREE ROAD, NE

SUITE 400

(Street)

ATLANTA GEORGIA 30319

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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
Common Stock	05/06/2026		A		30,741(1)	A	$0	124,765	D
Class A Common Stock								9,607	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 grant of restricted stock, which vests in full on April 30, 2027.

	/s/ Ginger Davis by Power of Attorney	05/08/2026
	** 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)

FAQ

What insider transaction did Gray Media (GTN) report for Richard B. Hare?

Gray Media director Richard B. Hare reported receiving a grant of 30,741 shares of Common Stock as restricted stock. The award was recorded at $0.00 per share and represents equity-based compensation rather than an open-market share purchase or sale.

When do Richard B. Hare’s new Gray Media restricted shares vest?

The 30,741 restricted shares granted to Richard B. Hare vest in full on April 30, 2027. Until that date, the shares remain subject to vesting conditions described in the grant, which is typical for long-term equity compensation to company directors.

How many Gray Media shares does Richard B. Hare hold after this Form 4?

After the reported grant, Richard B. Hare directly holds 124,765 shares of Gray Media Common Stock. He also directly holds 9,607 shares of Class A Common Stock, providing a combined picture of his equity position as disclosed in the filing.

Was Richard B. Hare’s Gray Media share grant an open-market purchase?

No. The Form 4 identifies the 30,741-share transaction with code A, meaning a grant, award, or other acquisition. The shares were granted as restricted stock at $0.00 per share, indicating compensation rather than an open-market transaction.

Does the Gray Media Form 4 show any stock sales by Richard B. Hare?

The Form 4 does not report any stock sales by Richard B. Hare. It shows one acquisition transaction coded as a grant of restricted Common Stock and a separate holding entry for Class A Common Stock, with no sell transactions listed in the summary data.