Were Richard H. Sauer’s OUTFRONT Media share sales under a Rule 10b5-1 plan?

Yes. A footnote states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on March 13, 2026. Such plans pre-schedule trades, indicating the timing of these sales was determined in advance rather than based on short-term developments.

OUTFRONT Media (NYSE: OUT) EVP sells 15,000 shares in pre-set 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

OUTFRONT Media Inc. executive Richard H. Sauer, EVP and General Counsel, sold a total of 15,000 shares of common stock in three open-market transactions. The sales occurred on June 15, 16 and 17, 2026 at weighted average prices around the low $31 range, with individual transaction prices reported at $31.35, $31.08 and $31.36 per share.

The trades were effected under a pre-arranged Rule 10b5-1 trading plan adopted on March 13, 2026, which means the sales were scheduled in advance. Following these transactions, Sauer directly holds 76,947 shares of OUTFRONT Media common stock, so he continues to maintain a meaningful ownership stake in the company.

Insider Trade Summary 10b5-1

Net Seller: 15,000 shares ($468,950)

Net Sell 3 txns

Insider Sauer Richard H.

Role EVP, General Counsel

Sold 15,000 shs ($469K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,000	$31.36	$157K
Sale	Common Stock	5,000	$31.08	$155K
Sale	Common Stock	5,000	$31.35	$157K

Holdings After Transaction: Common Stock — 76,947 shares (Direct, null)

Footnotes (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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $31.04 to $31.54, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $30.64 to $31.39, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $31.04 to $31.75, 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: 15,000 shares Shares sold per day: 5,000 shares Sale price June 15: $31.35 per share +5 more

8 metrics

Total shares sold 15,000 shares Aggregate open-market sales on June 15–17, 2026

Shares sold per day 5,000 shares Each of June 15, 16 and 17, 2026

Sale price June 15 $31.35 per share Weighted average sale price on June 15, 2026

Sale price June 16 $31.08 per share Weighted average sale price on June 16, 2026

Sale price June 17 $31.36 per share Weighted average sale price on June 17, 2026

Post-sale holdings 76,947 shares Directly owned after June 17, 2026 transaction

Price range footnote F2 $31.04–$31.54 Multiple trades underlying a reported weighted average price

Price range footnote F3 $30.64–$31.39 Multiple trades underlying a reported weighted average price

Key Terms

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

4 terms

Rule 10b5-1 trading plan financial

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

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"

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 is described as an open-market sale of 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

"Each transaction is classified as non-derivative common stock in the Form 4 data"

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Form 4 Insider Transactions: What Each Field Means →

06/17/2026 - 07:55 PM

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)
06/15/2026

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	06/15/2026		S⁽¹⁾		5,000	D	$31.35⁽²⁾	86,947	D
Common Stock	06/16/2026		S⁽¹⁾		5,000	D	$31.08⁽³⁾	81,947	D
Common Stock	06/17/2026		S⁽¹⁾		5,000	D	$31.36⁽⁴⁾	76,947	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 $31.04 to $31.54, 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 $30.64 to $31.39, 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 $31.04 to $31.75, 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	06/17/2026
	** 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.
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

FAQ

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

OUTFRONT Media reported that EVP and General Counsel Richard H. Sauer sold 15,000 shares of common stock in three open-market transactions. These trades reduced his holdings but he still directly owns 76,947 shares after the reported sales.

Over what dates did OUTFRONT Media EVP Richard H. Sauer sell shares?

Richard H. Sauer sold OUTFRONT Media common stock on June 15, 16 and 17, 2026. Each day’s transaction involved 5,000 shares sold in the open market at weighted average prices in the low $31 range, as detailed in the Form 4 data.

At what prices did Richard H. Sauer sell OUTFRONT Media (OUT) shares?

The reported Form 4 shows sales at weighted average prices of $31.35, $31.08 and $31.36 per share. Footnotes note that actual trade prices ranged from $30.64 to $31.75 in multiple transactions within each day’s aggregated total.

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

After selling 15,000 shares, Richard H. Sauer directly holds 76,947 shares of OUTFRONT Media common stock. This post-transaction holding figure comes from the Form 4 totals reported following the final sale on June 17, 2026.

What type of transactions did Richard H. Sauer execute in OUTFRONT Media stock?

All reported transactions were open-market sales of OUTFRONT Media common stock, coded as “S” on the Form 4. Each involved 5,000 shares, and the filing specifies they were non-derivative transactions, meaning they did not involve options or other derivatives.