Gray Media (GTN) President and Co-CEO reports 17,010-share forfeiture in Form 4

Rhea-AI Filing Summary

Gray Media, Inc. reported an insider equity transaction by its President and Co-CEO, who is also a director. On 12/01/2025, the insider forfeited 17,010 shares of common stock in a transaction coded "F," which reflects shares withheld to cover taxes in connection with restricted stock vesting. After this adjustment, the insider directly owned 1,216,053 shares of common stock and indirectly held 2,001 shares through a 401(k) plan. The filing is a routine disclosure of changes in beneficial ownership rather than a new issuance of shares by the company.

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^*

LaPlatney D Patrick

(Last) (First) (Middle)

4370 PEACHTREE ROAD 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and Co-CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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	12/01/2025		F		17,010(1)	D	$4.73	1,216,053	D
Common Stock								2,001(2)	I	By 401(k) Plan

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 forfeiture of restricted stock for the purpose of net settlement.

2. Amounts reflect the reporting person's balance in the 401(k) Plan

	/s/ Ginger Davis by Power of Attorney	12/03/2025
	** 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 insider transaction did GRAY MEDIA, INC (GTN) report in this Form 4?

The company reported that its President and Co-CEO forfeited 17,010 shares of common stock on 12/01/2025 in a transaction coded "F," related to net settlement of restricted stock.

How many GRAY MEDIA, INC (GTN) shares does the insider own after this transaction?

Following the reported transaction, the insider beneficially owned 1,216,053 shares of common stock directly and 2,001 shares indirectly through a 401(k) plan.

What does the transaction code "F" mean in the GRAY MEDIA, INC (GTN) Form 4?

The code "F" indicates a forfeiture of shares to satisfy tax withholding or similar obligations, here described as net settlement of restricted stock.

What is the insider’s role at GRAY MEDIA, INC (GTN)?

The reporting person is a director and also serves as an officer with the title President and Co-CEO of Gray Media, Inc.

At what price were the GRAY MEDIA, INC (GTN) shares valued in this Form 4 transaction?

The 17,010 forfeited shares of common stock were reported at a price of $4.73 per share.

Does this GRAY MEDIA, INC (GTN) Form 4 involve derivative securities?

The table for derivative securities is included but shows no specific derivative transactions or holdings in the provided excerpt.