iHeartMedia Director Transfers Stock to Trust, Holds 385,912 Shares
iHeartMedia Director Kamakshi Sivaramakrishnan reported a gift transfer transaction of Class A Common Stock on June 24, 2025.
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Rhea-AI Filing Summary
iHeartMedia Director Kamakshi Sivaramakrishnan reported a gift transfer transaction of Class A Common Stock on June 24, 2025. The transaction involved the transfer of 681 shares from the Kamakshi Sivaramakrishnan 2023 Annuity Trust (GRAT) to the Ananya Shashidhar Hebsur 2023 Irrevocable Trust.
Key transaction details:
- Transfer price: $0 (gift transaction)
- Post-transaction, the director maintains direct ownership of 385,912 shares of Class A Common Stock
- The GRAT's position was reduced to 0 shares
- The Irrevocable Trust now holds 681 shares
The reporting person disclaims beneficial ownership of shares held in both trusts except to the extent of their pecuniary interest. The Form 4 was filed through an attorney-in-fact on June 26, 2025, within the required reporting window.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock, par value $0.001 per share | 681 | $0.00 | $0.00 |
| Gift | Class A Common Stock, par value $0.001 per share | 681 | $0.00 | $0.00 |
| holding | Class A Common Stock, par value $0.001 per share | -- | -- | -- |
Footnotes (3)
- F1. The transaction involved a gift transfer by the Kamakshi Sivaramakrishnan 2023 Annuity Trust (the "GRAT") to the Ananya Shashidhar Hebsur 2023 Irrevocable Trust (the "Irrevocable Trust").
- F2. The reported item represents shares of Class A Common Stock beneficially owned by the GRAT, which is controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein.
- F3. The reported item represents shares of Class A Common Stock beneficially owned by the Irrevocable Trust, which is controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein.
FAQ
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What insider transaction did IHRT director Kamakshi Sivaramakrishnan report on June 24, 2025?
What positions does Kamakshi Sivaramakrishnan hold at IHRT according to the Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.