GRAY MEDIA, INC — Director's Dealing 2026

Mar 3, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAY MEDIA, INC (GTN)
CIK: 0000043196
Period of Report: 2026-02-28

Reporting Person: HOWELL HILTON H JR (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-28	Class A Common Stock	A	124921	$0.00	Acquired	4476979	Direct
2026-02-28	Class A Common Stock	F	468050	$10.73	Disposed	4008929	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	81635	Indirect
Class A Common Stock	500	Indirect
Class A Common Stock	999000	Indirect
Common Stock	832500	Indirect
Common Stock	617609	Direct
Common Stock	18264	Indirect
Common Stock	140854	Indirect

Footnotes

F1: Represents issuance and vesting of shares above target award related to restricted stock for which the three-year performance period has ended and performance has been certified. The Reporting Person previously reported shares that constitute a target award.

F2: Represents forfeiture of restricted stock for the purpose of net settlement.

F3: Amounts reflect the reporting person's balance in the 401(k) Plan.