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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1050606	Salem Media Group Inc.	SALM	Radio Broadcasting Stations (4832)	770121400

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1428455	J Christopher Henderson	4880 Santa Rosa Road Camarillo CA 93012	Evp, General Counsel & Secy	No	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2021-03-05	9,679	$2.74	9,679	No	4	M	Direct
Class A Common Stock	Disposition	2021-03-05	9,679	$2.80	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Stock Option (right to buy)	Disposition	2021-03-05	9,679	$0.00	9,679	$2.74

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
36,000	2015-03-07	2021-03-07	No	4	M	Direct

Footnotes

Acquisition of shares by exercise of options in a transaction exempt under Rule 16b-3.
This transaction is exempt under Rule 16b-3 and was executed in multiple trades at prices ranging from $2.78 to $2.81. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.