SALEM MEDIA GROUP INC

Ticker: SALM CUSIP: 794093104 Class: COM

Empowered Funds, LLC's Holding History (CIK: 0001592828)

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

Q1 2024

Shares 54,612 Value ($000) $20 Avg Close $0.34 Range $0.24 - $0.44

Q4 2023

Shares 50,587 Value ($000) $20 Avg Close $0.63 Range $0.37 - $0.80

Q3 2023

Shares 46,100 Value ($000) $27 Avg Close $0.77 Range $0.54 - $1.02

Q2 2023

Shares 42,308 Value ($000) $41 Avg Close $0.99 Range $0.90 - $1.11

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2024	54,612	$20	$0.34	$0.24 - $0.44
Q4 2023	50,587	$20	$0.63	$0.37 - $0.80
Q3 2023	46,100	$27	$0.77	$0.54 - $1.02
Q2 2023	42,308	$41	$0.99	$0.90 - $1.11