X0306 4 2021-10-22 false 0001050606 SALEM MEDIA GROUP, INC. /DE/ SALM 0001428455 Henderson Christopher J 4880 SANTA ROSA ROAD CAMARILLO CA 93012 false true false false EVP, General Counsel & Secy Class A Commmon Stock 2021-10-22 4 M false 6250.00 4.85 A 21751.00 D Class A Commmon Stock 2021-10-22 4 S false 6250.00 5.6083 D 15501.00 D Stock Options (right to buy) 4.85 2021-10-22 4 M false 6250.00 0.00 D 2017-03-08 2025-03-08 Class A Common Stock 6250.00 18750.00 D This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 18, 2021. This transaction was executed in multiple trades at prices ranging from $5.50 to $6.00. 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. The options vest annually in four (4) equal installments commencing March 8, 2017. Each annual installment of the option expires on the fifth (5th) anniversary of the vesting date. The last installment to vest will expire on March 8, 2025. /s/Christopher J. Henderson 2021-10-25