X0306 4 2017-02-28 0001230276 Pandora Media, Inc. P 0001565390 CHOPRA NAVEEN K. C/O PANDORA MEDIA, INC 2101 WEBSTER STREET, SUITE 1650 OAKLAND CA 94612 1 Chief Financial Officer Common Stock 2017-02-28 4 A 0 436138 0 A 436138 D Common Stock (Right To Purchase) 12.38 2017-02-28 4 A 0 191288 0 A 2027-02-28 Common Stock 191288 191288 D 25% of the RSUs vest on 2/15/2018 and thereafter 1/16th of the RSUs vest quarterly. The original option grant will vest and becomes exercisable with respect to 25% of the total number of shares on 2/15/2018 and thereafter 1/48th of the total number of shares vesting monthly. /s/ Jeremy Liegl, Attorney-in-Fact 2017-03-01