X0306 4 2020-12-11 0 0000043196 GRAY TELEVISION INC GTN 0001544962 Latek Kevin Paul 4370 PEACHTREE ROAD, NE ATLANTA GA 30319 0 1 0 0 EVP Chief L & D Officer Common Stock 2020-12-11 4 S 0 73808 18.598 D 327178 D Common Stock 2020-12-15 4 S 0 18410 18.5656 D 308768 D Class A Common Stock 53517 D This is the weighted average sale price for multiple open market sales on 12/11/2020. The sales price of each transaction ranged from $18.50 to $18.70 per share, inclusive. The reporting person undertakes to provide to Gray Television, Inc., any security holder of Gray Television, Inc., or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. This is the weighted average sale price for multiple open market sales on 12/15/2020. The sales price of each transaction ranged from $18.55 to $18.61 per share, inclusive. The reporting person undertakes to provide to Gray Television, Inc., any security holder of Gray Television, Inc., or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. /s/ Dottie Boudreau by Power of Attorney 2020-12-15