X0306 4 2021-03-10 false 0001050606 SALEM MEDIA GROUP, INC. /DE/ SALM 0001486468 Santrella David P 6400 N BELT LINE ROAD IRVING TX 75063 false true false false President - Broadcast Media Class A Common Stock 2021-03-10 4 M false 5716.00 2.74 A 41567.00 D Class A Common Stock 2021-03-10 4 S false 5716.00 3.2713 D 35851.00 D Class A Common Stock 2021-03-11 4 M false 12254.00 2.74 A 48105.00 D Class A Common Stock 2021-03-11 4 S false 12254.00 3.2873 D 35851.00 D Class A Common Stock 2021-03-12 4 M false 2030.00 2.74 A 37881.00 D Class A Common Stock 2021-03-12 4 S false 2030.00 3.3381 D 35851.00 D Stock Option (right to buy) 2.74 2021-03-10 4 M false 5716.00 0.00 D 2015-03-07 2022-03-07 Class A Common Stock 5716.00 54824.00 D Stock Option (right to buy) 2.74 2021-03-11 4 M false 12254.00 0.00 D 2015-03-07 2022-03-07 Class A Common Stock 12254.00 87746.00 D Stock Option (right to buy) 2.74 2021-03-12 4 M false 2030.00 0.00 D 2015-03-07 2022-03-07 Class A Common Stock 2030.00 97970.00 D 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 $3.27 to $3.28. 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. This transaction is exempt under Rule 16b-3 and was executed in multiple trades at prices ranging from $3.27 to $3.34. 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. This transaction is exempt under Rule 16b-3 and was executed in multiple trades at prices ranging from $3.28 to $3.39. 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. This option is fully vested. /s/Christopher J. Henderson, Attorney-in-fact for David P. Santrella pursuant to a continuing Power of Attorney 2021-03-12