SANTRELLA DAVID P (President - Broadcast Media) sold 66.1% of their position (70K shares) of SALEM MEDIA GROUP, INC. /DE/ on the open market

Open‑market sale worth $283.9K — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

SANTRELLA DAVID P

Filed: 11/10/2021ACC: 0001562180-21-006986

InsiderSANTRELLA DAVID PCIK 1486468

→

IssuerSALEM MEDIA GROUP, INC. /DE/CIK 1050606

Officer· President - Broadcast Media

Since May 2019

-70K

Net shares

Net seller

$283.9K

Total sold

Open market trades

0B · 2S

Total transactions

70K acquired · 140K disposed

Non-Derivative Transactions5

Class A Common Stock

Direct

M · Option Exercise

+40K

Price / share

$2.74

Trade value

$109.60K

% of position

111.6%

11/8/2021

35.85K→75.85K

Class A Common Stock

Direct

S · Sale

−40K

Price / share

$4.06

Trade value

$162.51K

% of position

52.7%

11/8/2021

75.85K→35.85K

Class A Common Stock

Direct

M · Option Exercise

+5K

Price / share

$1.47

Trade value

$7.35K

% of position

13.9%

11/9/2021

35.85K→40.85K

Class A Common Stock

Direct

M · Option Exercise

+25K

Price / share

$1.34

Trade value

$33.50K

% of position

61.2%

11/9/2021

40.85K→65.85K

Class A Common Stock

Direct

S · Sale

−30K

Price / share

$4.05

Trade value

$121.35K

% of position

45.6%

11/9/2021

65.85K→35.85K

Total

Net shares

+0.00

Net value

-$133.41K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	11/8/2021	M · Option Exercise	+40K	$2.74	$109.60K	111.6%	35.85K	75.85K
Class A Common Stock Direct	11/8/2021	S · Sale	−40K	$4.06	$162.51K	52.7%	75.85K	35.85K
Class A Common Stock Direct	11/9/2021	M · Option Exercise	+5K	$1.47	$7.35K	13.9%	35.85K	40.85K
Class A Common Stock Direct	11/9/2021	M · Option Exercise	+25K	$1.34	$33.50K	61.2%	40.85K	65.85K
Class A Common Stock Direct	11/9/2021	S · Sale	−30K	$4.05	$121.35K	45.6%	65.85K	35.85K
Total			+0.00		-$133.41K

Derivative Transactions3

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Class A Common Stock

40K shares

−40K

Strike price

2.74

Held after

0.00

Exercisable

—

11/8/2021

Stock Options (Right to buy)

Direct

M · Option Exercise

Converts to

Class A Common Stock

5K shares

−5K

Strike price

1.47

Held after

95K

Exercisable

—

11/9/2021

Stock Options (Right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

25K shares

−25K

Strike price

1.34

Held after

75K

Exercisable

—

11/9/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option (right to buy) Direct	Class A Common Stock40K shares	11/8/2021	M · Option Exercise	−40K	2.74	—	0.00
Stock Options (Right to buy) Direct	Class A Common Stock5K shares	11/9/2021	M · Option Exercise	−5K	1.47	—	95K
Stock Options (Right to buy) Direct	Common Stock25K shares	11/9/2021	M · Option Exercise	−25K	1.34	—	75K