| Date | Name | Symbol | Type | Security | Shares | Price | Value | Ownership | Reported |
| 03/14/2023 | SALEM MEDIA GROUP, INC. /DE/ | SALM | Grant | Stock Options (Right to buy) | 200k | $1.06 | $212k | | 03/14/2023 |
| 03/01/2022 | SALEM MEDIA GROUP, INC. /DE/ | SALM | Grant | Class A Common Stock | 8.2k | $0.00 | $0 | | 03/01/2022 |
| 01/02/2022 | SALEM MEDIA GROUP, INC. /DE/ | SALM | Grant | Stock Options (Right to buy) | 50k | $3.26 | $163k | | 01/02/2022 |
| 01/20/2021 | SALEM MEDIA GROUP, INC. /DE/ | SALM | Sale | Class A Common Stock | 5.1k | $1.65 | $8.4k | | 01/19/2021 |
| 01/19/2021 | SALEM MEDIA GROUP, INC. /DE/ | SALM | Sale | Class A Common Stock | 2.4k | $1.65 | $4k | | 01/19/2021 |
| 08/11/2020 | SALEM MEDIA GROUP, INC. /DE/ | SALM | Sale | Class A Common Stock | 5.7k | $1.65 | $9.4k | | 08/10/2020 |
| 08/10/2020 | SALEM MEDIA GROUP, INC. /DE/ | SALM | Sale | Class A Common Stock | 19.3k | $1.65 | $31.9k | | 08/10/2020 |
| 05/09/2018 | SALEM MEDIA GROUP, INC. /DE/ | SALM | Grant | Stock Options (right to buy) | 40k | $3.25 | $130k | | 05/09/2018 |
| 05/10/2017 | SALEM MEDIA GROUP, INC. /DE/ | SALM | Sale | Class A Common Stock | 3.3k | $7.75 | $25.2k | | 05/10/2017 |
| 04/04/2017 | SALEM MEDIA GROUP, INC. /DE/ | SALM | Sale | Class A Common Stock | 97 | $7.75 | $751.8 | | 04/04/2017 |
| 03/30/2017 | SALEM MEDIA GROUP, INC. /DE/ | SALM | Sale | Class A Common Stock | 1.6k | $7.75 | $12.8k | | 03/29/2017 |
| 03/29/2017 | SALEM MEDIA GROUP, INC. /DE/ | SALM | Sale | Class A Common Stock | 10.2k | $7.50 | $76.8k | | 03/29/2017 |
| 03/21/2017 | SALEM MEDIA GROUP, INC. /DE/ | SALM | Sale | Class A Common Stock | 2.3k | $7.50 | $16.9k | | 03/21/2017 |
| 02/24/2017 | SALEM MEDIA GROUP, INC. /DE/ | SALM | Grant | Class A Common Stock | 12.4k | $0.00 | $0 | | 02/24/2017 |