Were Richard H. Sauer’s OUTFRONT Media (OUT) share sales under a trading plan?

Yes, the filing states the sales were effected under a Rule 10b5-1 trading plan. The plan was adopted on March 13, 2026, meaning the trades were pre-arranged rather than newly decided at the time of execution in late June 2026.

OUTFRONT Media EVP sells 10,000 shares

OUTFRONT Media Inc. executive Richard H. Sauer, EVP and General Counsel, reported selling 10,000 shares of Common Stock in open-market transactions.

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Form Type

Rhea-AI Filing Summary

OUTFRONT Media Inc. executive Richard H. Sauer, EVP and General Counsel, reported selling 10,000 shares of Common Stock in open-market transactions. The sales occurred on June 23–24, 2026 at weighted average prices around $31.36–$32.08 per share, across multiple trades within stated price ranges.

After these transactions, Sauer directly holds 56,947 shares of OUTFRONT Media common stock. The filing notes that all sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on March 13, 2026, indicating they were scheduled in advance rather than timed discretionarily.

Insider Trade Summary

Net Seller: 10,000 shares

Net Sell 3 txns

Insider Sauer Richard H.

Role EVP, General Counsel

Sold 10,000 shs ($318K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,000	$32.08	$160K
Sale	Common Stock	3,720	$31.36	$117K
Sale	Common Stock	1,280	$32.08	$41K

Holdings After Transaction: Common Stock — 56,947 shares (Direct)

Footnotes (4)

F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2026.
F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $31.02 to $31.98, inclusive. The reporting person undertakes to provide to OUTFRONT Media Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $32.02 to $32.16, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $31.90 to $32.30, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Key Figures

Total shares sold: 10,000 shares Shares sold on June 24, 2026: 5,000 shares Shares sold (first June 23 tranche): 3,720 shares +5 more

8 metrics

Total shares sold 10,000 shares Open-market sales of Common Stock on June 23–24, 2026

Shares sold on June 24, 2026 5,000 shares Open-market sale at weighted average price $32.08

Shares sold (first June 23 tranche) 3,720 shares Open-market sale at weighted average price $31.36

Shares sold (second June 23 tranche) 1,280 shares Open-market sale at weighted average price $32.08

Post-transaction holdings 56,947 shares Direct ownership of OUTFRONT Media Common Stock after sales

Price range tranche 1 $31.02–$31.98 Multiple transactions included in a weighted average price

Price range tranche 2 $32.02–$32.16 Multiple transactions included in a weighted average price

Price range tranche 3 $31.90–$32.30 Multiple transactions included in a weighted average price

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale, non-derivative, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2026."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $31.02 to $31.98, inclusive."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action: "open-market sale" with transaction code "S" for Common Stock"

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.

non-derivative financial

"transaction_type: "non-derivative" for each Common Stock sale entry"

direct ownership financial

"ownership_type: "direct" and ownership_code: "D" indicate direct ownership of the shares"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did OUTFRONT Media (OUT) report for Richard H. Sauer?

Richard H. Sauer, EVP and General Counsel of OUTFRONT Media, reported selling 10,000 shares of Common Stock. The sales were executed in open-market transactions over two days at weighted average prices near $31–$32 per share.

Over what dates did Richard H. Sauer sell OUTFRONT Media (OUT) shares?

Richard H. Sauer sold OUTFRONT Media shares on June 23 and June 24, 2026. These transactions were reported as open-market sales of Common Stock at weighted average prices slightly above $31 per share, executed in multiple individual trades.

At what prices were the OUTFRONT Media (OUT) shares sold in this Form 4?

The reported sales used weighted average prices of $31.36 and $32.08 per share. Footnotes explain shares were sold in multiple trades within ranges from $31.02 to $32.30, with full trade-by-trade details available on request from the company or regulator.

How many OUTFRONT Media (OUT) shares does Richard H. Sauer hold after the sales?

Following the reported transactions, Richard H. Sauer directly holds 56,947 shares of OUTFRONT Media Common Stock. This post-transaction balance is disclosed in the Form 4 and reflects his remaining direct ownership after selling a total of 10,000 shares.

What type of transaction code appears in this OUTFRONT Media (OUT) Form 4?

All reported transactions use code “S,” indicating open-market or private sales of Common Stock. The filing classifies these as non-derivative transactions and designates them as direct ownership sales rather than through an indirect entity or derivative exercise.

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Accepted by SEC EDGAR 06/25/2026 - 06:20 PM EDT

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^*

Sauer Richard H.

(Last)

(First)

(Middle)

C/O OUTFRONT MEDIA INC.

90 PARK AVENUE, 9TH FLOOR

(Street)

NEW YORK

10016

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
OUTFRONT Media Inc. [ OUT ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/23/2026		S⁽¹⁾		3,720	D	$31.36⁽²⁾	63,227	D
Common Stock	06/23/2026		S⁽¹⁾		1,280	D	$32.08⁽³⁾	61,947	D
Common Stock	06/24/2026		S⁽¹⁾		5,000	D	$32.08⁽⁴⁾	56,947	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2026.

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $31.02 to $31.98, inclusive. The reporting person undertakes to provide to OUTFRONT Media Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $32.02 to $32.16, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $31.90 to $32.30, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Remarks:

	/s/ Louis Capocasale, Attorney-in-fact for Richard Sauer	06/25/2026
	** 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)

Source: View Original Filing on SEC EDGAR