SALEM MEDIA GROUP INC

Ticker: SALM CUSIP: 794093104 Class: COM

TWO SIGMA ADVISERS, LP's Holding History (CIK: 0001478735)

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

Q2 2022

Shares 13,600 Value ($000) $29 Avg Close $2.83 Range $2.03 - $3.53

Q1 2022

Shares 14,100 Value ($000) $48 Avg Close $3.42 Range $2.62 - $4.19

Q3 2021

Shares 43,800 Value ($000) $162 Avg Close $2.61 Range $1.91 - $3.85

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2022	13,600	$29	$2.83	$2.03 - $3.53
Q1 2022	14,100	$48	$3.42	$2.62 - $4.19
Q3 2021	43,800	$162	$2.61	$1.91 - $3.85