Gannett Co., Inc. — Director's Dealing 2023

Nov 6, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Gannett Co., Inc. (GCI)
CIK: 0001579684
Period of Report: 2023-11-06

Reporting Person: Reed Michael (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-06	Common Stock	P	60000	$2.01	Acquired	3304323	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0	2023-12-31	Common Stock (1000000)	1000000	Direct

Footnotes

F1: The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.00 to $2.01. Mr. Reed undertakes to provide Gannett Co., Inc., any security holder of Gannett Co., Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2: Each restricted stock unit represents a contingent right to receive one share of the underlying common stock.

F3: Subject to the terms of the applicable award agreement, 1,000,000 shares of common stock underlying the performance-based restricted stock units vested on December 31, 2022, and the remainder up to an aggregate of 2,000,000 shares will vest on December 31, 2023, upon the achievement of specified stock price goals (ranging from $4.00 per share to $10.00 per share, based on a 20 consecutive trading day average).