SCHEDULE 13D/A

CLEAR CHANNEL OUTDOOR HOLDINGS, INC.

Common Stock, $0.01 par value · CUSIP: 18453H106

Event date: 2026-02-09

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Ares Management LLCReported CIK 0001259313

  Shares: 41,197,491.00 · Class: 8.3%

• ASSF IV AIV B Holdings III, L.P.Reported CIK 0001757327

  Shares: 8,722,544.00 · Class: 1.8%

• ASSF IV AIV B, L.P.Reported CIK 0001862592

  Shares: 984,295.00 · Class: 0.2%

• ASSF Operating Manager IV, L.P.Reported CIK 0001683967

  Shares: 9,706,839.00 · Class: 2.0%

• ASOF Holdings I, L.P.Reported CIK 0001793549

  Shares: 19,332,427.00 · Class: 3.9%

• ASOF II HOLDINGS I, L.P.Reported CIK 0001933113

  Shares: 5,095,692.00 · Class: 1.0%

• ASOF II A (DE) HOLDINGS I, L.P.Reported CIK 0001933136

  Shares: 918,342.00 · Class: 0.2%

• ASOF Investment Management LLCReported CIK 0001793548

  Shares: 25,346,461.00 · Class: 5.1%

• ACOF VI Holdings, L.P.Reported CIK 0001947935

  Shares: 6,144,191.00 · Class: 1.2%

• ACOF Investment Management LLCReported CIK 0001684171

  Shares: 6,144,191.00 · Class: 1.2%

• Ares Management Holdings L.P.Reported CIK 0001536937

  Shares: 41,197,491.00 · Class: 8.3%

• Ares Holdco LLCReported CIK 0001669983

  Shares: 41,197,491.00 · Class: 8.3%

• Ares Management CorporationReported CIK 0001176948

  Shares: 41,197,491.00 · Class: 8.3%

• Ares Voting LLCReported CIK 0001761656

  Shares: 41,197,491.00 · Class: 8.3%

• Ares Management GP LLCReported CIK 0001620264

  Shares: 41,197,491.00 · Class: 8.3%

• Ares Partners Holdco LLCReported CIK 0001620263

  Shares: 41,197,491.00 · Class: 8.3%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.