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GAMCO INVESTORS, INC. ET AL
> SALM
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2023 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 189,500 | -2,000 | 181,503,000 | -27,232,000 | $957.80 |
| 03/31/2023 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 191,500 | 5,000 | 208,735,000 | 12,910,000 | $1,090.00 |
| 12/31/2022 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 186,500 | -500 | 195,825,000 | 195,500,000 | $1,050.00 |
| 09/30/2022 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 187,000 | 0 | 325,000 | -71,000 | $1.74 |
| 06/30/2022 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 187,000 | 0 | 396,000 | -238,000 | $2.12 |
| 03/31/2022 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 187,000 | -26,200 | 634,000 | -157,000 | $3.39 |
| 09/30/2021 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 213,200 | -10,800 | 791,000 | 220,000 | $3.71 |
| 06/30/2021 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 224,000 | -46,000 | 571,000 | -223,000 | $2.55 |
| 03/31/2021 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 270,000 | -55,000 | 794,000 | 456,000 | $2.94 |
| 12/31/2020 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 325,000 | -44,700 | 338,000 | -1,000 | $1.04 |
| 09/30/2020 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 369,700 | -67,000 | 339,000 | -154,000 | $0.92 |
| 06/30/2020 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 436,700 | -82,000 | 493,000 | 47,000 | $1.13 |
| 03/31/2020 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 518,700 | -111,000 | 446,000 | -461,000 | $0.86 |
| 12/31/2019 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 629,700 | -44,800 | 907,000 | -125,000 | $1.44 |
| 09/30/2019 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 674,500 | -87,000 | 1,032,000 | -818,000 | $1.53 |
| 06/30/2019 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 761,500 | -31,000 | 1,850,000 | -175,000 | $2.43 |
| 03/31/2019 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 792,500 | -57,000 | 2,025,000 | 250,000 | $2.56 |
| 12/31/2018 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 849,500 | -16,300 | 1,775,000 | -1,169,000 | $2.09 |
| 09/30/2018 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 865,800 | -45,700 | 2,944,000 | -1,750,000 | $3.40 |
| 09/27/2018 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 865,800 | -45,700 | 3,030,300 | -1,663,700 | $3.50 |
| 06/30/2018 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 911,500 | -67,400 | 4,694,000 | 1,170,000 | $5.15 |
| 03/31/2018 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 978,900 | -4,800 | 3,524,000 | -903,000 | $3.60 |
| 12/31/2017 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 983,700 | -11,100 | 4,427,000 | -2,139,000 | $4.50 |
| 09/30/2017 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 994,800 | -36,413 | 6,566,000 | -756,000 | $6.60 |
| 08/17/2017 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 999,813 | -50,008 | 6,498,785 | -1,322,216 | $6.50 |
| 06/30/2017 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 1,031,213 | -18,608 | 7,322,000 | -499,000 | $7.10 |
| 03/31/2017 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 1,049,821 | -3,600 | 7,821,000 | 1,237,000 | $7.45 |
| 12/31/2016 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 1,053,421 | -25,900 | 6,584,000 | 238,000 | $6.25 |
| 09/30/2016 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 1,079,321 | -13,200 | 6,346,000 | 53,000 | $5.88 |
| 06/30/2016 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 1,084,521 | -8,000 | 7,830,000 | 1,537,000 | $7.22 |
| 03/31/2016 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 1,092,521 | 1,092,521 | 6,293,000 | 6,293,000 | $5.76 |
| 12/31/2015 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 1,094,871 | -1,000 | 5,452,000 | -1,255,000 | $4.98 |
| 09/30/2015 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 1,095,871 | 0 | 6,707,000 | -230,000 | $6.12 |
| 06/30/2015 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 1,095,871 | -34,800 | 6,937,000 | -28,000 | $6.33 |
| 03/31/2015 | SALEM MEDIA GROUP, INC. /DE/ | SALM | 1,130,671 | 13,658 | 6,965,000 | -1,770,000 | $6.16 |
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