GERBITZ DAVID

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	Company	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value
2018-11-20	2018-11-16	Pandora Media LLC (P)	S Sale	56,921 +12.4% 499.78 US$3,511,164	56,921 +12.4%	499.78	US$3,511,164
2018-08-20	2018-08-16	Pandora Media LLC (P)	S Sale	39,654 -5.1% 90.74 US$3,421,312	39,654 -5.1%	90.74	US$3,421,312
2018-05-18	2018-05-16	Pandora Media LLC (P)	S Sale	35,987 +9.9% 183.45 US$1,469,231	35,987 +9.9%	183.45	US$1,469,231
2018-02-21	2018-02-16	Pandora Media LLC (P)	S Sale	10,135 -1.9% 5.07 US$51,335	10,135 -1.9%	5.07	US$51,335
2017-08-17	2017-08-16	Pandora Media LLC (P)	S Sale	9,959 -2.7% 8.42 US$83,878	9,959 -2.7%	8.42	US$83,878
2017-05-18	2017-05-16	Pandora Media LLC (P)	S Sale	8,103 -3.1% 9.38 US$76,037	8,103 -3.1%	9.38	US$76,037
2017-02-21	2017-02-16	Pandora Media LLC (P)	S Sale	20,580 -8.2% 12.97 US$266,951	20,580 -8.2%	12.97	US$266,951