X0306 4 2013-06-05 0001230276 Pandora Media, Inc. P 0001195065 KAVNER ROBERT M PANDORA MEDIA, INC. 2101 WEBSTER STREET, SUITE 1650 OAKLAND CA 94612 1 0 0 0 Common Stock 2013-06-05 4 A 0 14084 0 A 27757 D Common Stock 408673 I By Kavner Partners, a Delaware Multiple Series Limited Partnership (Series B) Common Stock 256847 I By Trust Common Stock 31867 I By Trust Common Stock 31867 I By Trust 100% of the RSU grant will vest 1 year from the date of grant. A portion of these shares are subject to a right of repurchase held by the Issuer. Rober Kavner is an affiliate of Kavner Partners, a Delaware Multiple Series Limited Partnership (Series B). Mr. Kavner disclaims beneficial ownership with respect to all shares beneficially owned by Kavner Partners, except to the extent of his pecuniary interests therein. Robert M. Kavner and Allyson P. Kavner, Trustees of Kavner Family Trust - 1999 u/i dtd. May 17, 1999. Robert M. Kavner Allyson P. Kavner and Thomas J. Ross, Jr., Trustees of Kathryn Ray Kavner Trust - 2000 u/i dtd. March 14, 2000. Robert M. Kavner, Allyson P. Kavner and Thomas J. Ross, Jr., Trustees of Reed I. Kavner Trust - 2000 u/i dtd. March 14, 2000. /s/ Jeremy Liegl, Attorney-in-Fact 2013-06-07