X0407 4 2023-03-14 false 0001050606 SALEM MEDIA GROUP, INC. /DE/ SALM 0001960600 Power Eugene Allen 6400 N BELT LINE RD IRVING TX 75063 false true false false President Broadcast Media false Stock Options (Right to buy) 1.06 2023-03-14 4 A false 20000.00 0.00 A Class A Common Stock 20000.00 20000.00 D The option was granted under the Issuer's Amended and Restated 1999 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option shall vest as follows: 5,000 shares shall vest on March 15, 2024, 5,000 shares shall vest on March 15, 2025, 5,000 shares shall vest on March 15, 2026, and 5,000 shares shall vest on March 15, 2027. The options shall expire as follows: the first installment of 5,000 shares shall expire on March 15, 2029, the second installment of 5,000 shares shall expire on March 15, 2030, the third installment of 5,000 shares shall expire on March 15, 2031 and the last installment of 5,000 shares shall expire on March 15, 2032. Christopher J. Henderson, as Attorney-in-Fact for Power, Eugene Allen pursuant to a continuing Power of Attorney 2023-03-22