X0306 4 2020-04-01 0001632127 Cable One, Inc. CABO 0001803241 Obermeyer James A C/O CABLE ONE, INC. 210 E. EARLL DRIVE PHOENIX AZ 85012 1 SVP, Marketing & Sales Common Stock, par value $0.01 2020-04-01 4 A 0 507 0 A 507 D Stock Appreciation Rights 1540.92 2020-04-01 4 A 0 2000 0 A 2030-04-01 Common Stock, par value $0.01 2000 2000 D Represents 427 shares of restricted stock granted to the Reporting Person, which generally vest on April 1, 2023, and 80 shares of restricted stock granted to the Reporting Person, which generally vest in four equal installments on each of the first four anniversaries of the date of grant, subject to the Reporting Person's continued employment with Cable One, Inc. through each such date. The stock appreciation rights (SARs) generally vest and become exercisable as to 25% of the number of underlying shares covered by the grant on each of the first four anniversaries of the date of the grant, subject to the Reporting Person's continued employment with Cable One, Inc. through each such date. Each SAR represents the right, upon exercise, to receive a number of shares of Common Stock equal in value to the amount, if any, by which the fair market value of Common Stock (as determined on the date of exercise) exceeds the exercise price. /s/ Peter N. Witty for James A. Obermeyer 2020-04-03