CUMULUS MEDIA INC

Ticker: CMLS CUSIP: 231082801 Class: Common Stock

BAILARD, INC.'s Holding History (CIK: 0000750641)

Note: Option positions (PUT/CALL) are excluded.

Q4 2019

Shares 14,000 Value ($000) $246 Avg Close $15.32 Range $12.72 - $18.15

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	14,000	$246	$15.32	$12.72 - $18.15