EPPERSON STUART W (Chairman of the Board) purchased 65.1% of their position (56.43K shares) of SALEM MEDIA GROUP, INC. /DE/ on the open market
Open‑market purchase worth $53.2K — a major conviction buy. The strongest form of insider conviction signal.
P · 3 purchases
Filed: 3/24/2020ACC: 0001562180-20-002674
DirectorOfficer10% Owner· Chairman of the Board
Since May 2019
+56.43K
Net shares
Net buyer
$53.2K
Total acquired
3
Open market trades
3B · 0S
3
Total transactions
56.43K acquired
Non-Derivative Transactions3
Class A Common Stock
Direct
Shares
+17.19K
Price / share
$0.94
Trade value
$16.09K
% of position
19.8%
3/20/2020
86.74K→103.93K
Class A Common Stock
Direct
Shares
+18.16K
Price / share
$0.89
Trade value
$16.13K
% of position
17.5%
3/23/2020
103.93K→122.09K
Class A Common Stock
Direct
Shares
+21.07K
Price / share
$0.99
Trade value
$20.96K
% of position
17.3%
3/24/2020
122.09K→143.17K
Total
Net shares
+56.43K
Net value
$53.19K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock Direct | 3/20/2020 | P · Purchase | +17.19K | $0.94 | $16.09K | 19.8% | 86.74K | 103.93K |
| Class A Common Stock Direct | 3/23/2020 | P · Purchase | +18.16K | $0.89 | $16.13K | 17.5% | 103.93K | 122.09K |
| Class A Common Stock Direct | 3/24/2020 | P · Purchase | +21.07K | $0.99 | $20.96K | 17.3% | 122.09K | 143.17K |
| Total | +56.43K | $53.19K | ||||||
Derivative Transactions0
No derivative transactions reported
Non-Derivative Holdings (Post-Transaction)2
Class A Common Stock
IndirectShares owned1.15M
Class A Common Stock
DirectShares owned1.95M
Total
1.95M direct·1.15M indirect3.10M
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Class A Common Stock | 1.15M | Indirect |
| Class A Common Stock | 1.95M | Direct |
| Total | 3.10M | 1.95M direct·1.15M indirect |
Derivative Holdings (Post-Transaction)0
No derivative holdings reported