Smith group boosts Sonic Automotive (SAH) stake and weighs more share purchases

Rhea-AI Filing Summary

Sonic Automotive’s Schedule 13D/A shows updated ownership positions for OBS Family, LLC, Sonic Financial Corporation and members of the Smith family after the company’s open‑market share repurchases. OBS Family now reports beneficial ownership of 3,007,784 Class A shares, or 9.5%, while Sonic Financial Corporation reports 9,858,125 Class A shares, or 31.2%. B. Scott Smith reports beneficial ownership of 13,215,188 shares (41.8%), David Bruton Smith 13,365,903 shares (42.3%), and Marcus G. Smith 12,917,852 shares (40.9%), including shares issuable upon conversion of Class B stock. The group states it believes Sonic Automotive’s shares are undervalued and discloses an intention to potentially acquire additional shares in the open market or via private transactions, which could result in beneficial ownership above 50% of the Class A shares and could include considering alternatives such as a potential take‑private transaction.

Insights

Equity ownership & governance analyst

Smith-affiliated holders update a large Sonic stake and flag potential further accumulation or a future take-private.

The amended Schedule 13D consolidates a significant ownership position in Sonic Automotive across OBS Family, LLC, Sonic Financial Corporation and Smith family members. Reported beneficial ownership ranges from 9.5% at OBS Family to over 40% for individual family members, including shares issuable upon Class B conversion.

The filing links higher ownership percentages mainly to Sonic’s own share repurchases, not recent open‑market buying by the group. However, the Reporting Persons now explicitly state that they view the shares as undervalued and may buy additional stock, potentially lifting beneficial ownership of Class A above 50%.

The disclosure that the group may evaluate alternatives such as a transaction to take Sonic private is notable from a control and governance perspective. Actual outcomes depend on future market conditions, the group’s decisions, and any subsequent agreements or regulatory requirements, which would be detailed in later company filings if pursued.

Key Figures

OBS Family beneficial ownership: 3,007,784 shares (9.5%) Sonic Financial Corp. beneficial ownership: 9,858,125 shares (31.2%) B. Scott Smith beneficial ownership: 13,215,188 shares (41.8%) +4 more

7 metrics

OBS Family beneficial ownership 3,007,784 shares (9.5%) Class A beneficial ownership reported in Amendment No. 5

Sonic Financial Corp. beneficial ownership 9,858,125 shares (31.2%) Class A beneficial ownership via conversion of Class B

B. Scott Smith beneficial ownership 13,215,188 shares (41.8%) Includes direct Class A and indirect/Class B-convertible holdings

David Bruton Smith beneficial ownership 13,365,903 shares (42.3%) Includes direct Class A and indirect/Class B-convertible holdings

Marcus G. Smith beneficial ownership 12,917,852 shares (40.9%) Includes direct Class A and indirect/Class B-convertible holdings

Class A shares outstanding 19,574,728 shares Outstanding Sonic Automotive Class A as of April 28, 2026

Class B convertible into Class A 12,029,375 shares Class A shares issuable upon conversion of all Class B as of April 28, 2026

Key Terms

beneficial ownership, Schedule 13D, share repurchase program, Class B Common Stock, +1 more

5 terms

beneficial ownership financial

"This Amendment is being filed to, among other things, reflect the following increases in the beneficial ownership of the Shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Schedule 13D regulatory

"The Reporting Persons filed an initial on November 19, 1997. The was amended from time to time"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

share repurchase program financial

"principally as a result of repurchases of Shares made by the Issuer in the open market ... under the Issuer's share repurchase program"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

Class B Common Stock financial

"shares of Sonic Automotive, Inc.'s Class A Common Stock issuable upon conversion of the total outstanding shares of Sonic Automotive, Inc.'s Class B Common Stock"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

take the Issuer private financial

"alternatives could include, among other things, a transaction to take the Issuer private"

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FAQ

How much of Sonic Automotive (SAH) do Smith-affiliated entities now beneficially own?

OBS Family, LLC reports beneficial ownership of 3,007,784 Sonic Automotive Class A shares, or 9.5%. Sonic Financial Corporation reports 9,858,125 Class A shares, or 31.2%, while individual Smith family members report beneficial ownership levels above 40% each.

Why did Sonic Automotive (SAH) ownership percentages for the Smith group increase?

The filing attributes higher reported percentages mainly to share repurchases by Sonic Automotive between June 22, 2022 and June 12, 2026. These repurchases reduced the public float, which raised the Smith group’s percentage beneficial ownership even without significant recent buying activity disclosed in this amendment.

Does the Sonic Automotive (SAH) Schedule 13D/A indicate plans to buy more shares?

Yes. The Reporting Persons state they believe Sonic Automotive shares are undervalued and may acquire additional shares over time. They may purchase stock in open‑market trades or privately negotiated transactions, with the exact amount depending on market conditions and other factors.

Could the Smith group gain control of more than 50% of Sonic Automotive (SAH) Class A shares?

The amendment notes that future acquisitions, including potential conversion of Class B into Class A, could result in beneficial ownership exceeding 50% of outstanding Class A shares. This is presented as a possibility, not a committed target or transaction in the document.

Does the Sonic Automotive (SAH) 13D/A mention a possible take-private transaction?

The Reporting Persons say they may evaluate various alternatives for their investment, which could include a transaction to take Sonic Automotive private. They emphasize there is no assurance any such action will occur and reserve broad flexibility to change their plans.

What share counts underpin the ownership percentages in the Sonic Automotive (SAH) filing?

Percentages are calculated using 19,574,728 outstanding Class A shares as of April 28, 2026 and 12,029,375 Class A shares issuable upon conversion of all outstanding Class B shares. These figures come from Sonic Automotive’s Form 10‑Q for the quarter ended April 28, 2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

SONIC AUTOMOTIVE INC

(Name of Issuer)

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

83545G102

(CUSIP Number)

Cary Tharrington
Sonic Financial Corporation, 5401 East Independence Boulevard
Charlotte, NC, 28212
704 532-3320

Eric Schiele
Paul Hastings LLP, 200 Park Avenue
New York, NY, 10166
212 318-6694

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/12/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 83545G102

1

Name of reporting person

OBS Family, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NORTH CAROLINA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 3,007,784.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 3,007,784.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

3,007,784.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.5 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Row 7 includes (i) 2,171,250 shares of Sonic Automotive, Inc.'s Class A Common Stock that can be acquired, upon the election of the reporting person, through the conversion of 2,171,250 shares of Sonic Automotive, Inc.'s Class B Common Stock owned directly by the reporting person, and (ii) 836,534 shares of Sonic Automotive, Inc.'s Class A Common Stock owned directly by the reporting person. The percentage in Row 13 is calculated based upon (i) 19,574,728 total outstanding shares of Sonic Automotive, Inc.'s Class A Common Stock, par value $0.01 per share, as of April 28, 2026, as set forth in the Issuer's Form 10-Q (Q1) filed with the SEC on April 30, 2026 and (ii) 12,029,375 shares of Sonic Automotive, Inc.'s Class A Common Stock issuable upon conversion of the total outstanding shares of Sonic Automotive, Inc.'s Class B Common Stock as of April 28, 2026, as set forth in the Issuer's Form 10-Q (Q1) filed with the SEC on April 30, 2026.

SCHEDULE 13D

CUSIP Number(s): 83545G102

1

Name of reporting person

Sonic Financial Corporation

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NORTH CAROLINA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 9,858,125.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 9,858,125.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

9,858,125.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

31.2 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Row 7 includes 9,858,125 shares of Sonic Automotive, Inc.'s Class A Common Stock that can be acquired, upon the election of the reporting person, through the conversion of 9,858,125 shares of Sonic Automotive, Inc.'s Class B Common Stock owned directly by the reporting person. The percentage in Row 13 is calculated based upon (i) 19,574,728 total outstanding shares of Sonic Automotive, Inc.'s Class A Common Stock, par value $0.01 per share, as of April 28, 2026, as set forth in the Issuer's Form 10-Q (Q1) filed with the SEC on April 30, 2026 and (ii) 12,029,375 shares of Sonic Automotive, Inc.'s Class A Common Stock issuable upon conversion of the total outstanding shares of Sonic Automotive, Inc.'s Class B Common Stock as of April 28, 2026, as set forth in the Issuer's Form 10-Q (Q1) filed with the SEC on April 30, 2026.

SCHEDULE 13D

CUSIP Number(s): 83545G102

1

Name of reporting person

B. Scott Smith

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 349,279.00
8	Shared Voting Power 12,865,909.00
9	Sole Dispositive Power 349,279.00
10	Shared Dispositive Power 12,865,909.00

11

Aggregate amount beneficially owned by each reporting person

13,215,188.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

41.8 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Row 7 includes 349,279 shares of Sonic Automotive, Inc.'s Class A Common Stock owned directly by the reporting person. Row 8 includes (i) 9,858,125 shares of Sonic Automotive, Inc.'s Class A Common Stock that can be acquired, upon the election of Sonic Financial Corporation, through the conversion of 9,858,125 shares of Sonic Automotive, Inc.'s Class B Common Stock owned indirectly by the reporting person (and directly by Sonic Financial Corporation), (ii) 836,534 shares of Sonic Automotive, Inc.'s Class A Common Stock owned indirectly by the reporting person (and directly by OBS Family, LLC), and (iii) 2,171,250 shares of Sonic Automotive, Inc.'s Class A Common Stock that can be acquired, upon the election of OBS Family, LLC, through the conversion of 2,171,250 shares of Sonic Automotive, Inc.'s Class B Common Stock owned indirectly by the reporting person (and directly by OBS Family, LLC). The percentage in Row 13 is calculated based upon (i) 19,574,728 total outstanding shares of Sonic Automotive, Inc.'s Class A Common Stock, par value $0.01 per share, as of April 28, 2026, as set forth in the Issuer's Form 10-Q (Q1) filed with the SEC on April 30, 2026 and (ii) 12,029,375 shares of Sonic Automotive, Inc.'s Class A Common Stock issuable upon conversion of the total outstanding shares of Sonic Automotive, Inc.'s Class B Common Stock as of April 28, 2026, as set forth in the Issuer's Form 10-Q (Q1) filed with the SEC on April 30, 2026.

SCHEDULE 13D

CUSIP Number(s): 83545G102

1

Name of reporting person

David Bruton Smith

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 499,994.00
8	Shared Voting Power 12,865,909.00
9	Sole Dispositive Power 499,994.00
10	Shared Dispositive Power 12,865,909.00

11

Aggregate amount beneficially owned by each reporting person

13,365,903.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42.3 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Row 7 includes 499,994 shares of Sonic Automotive, Inc.'s Class A Common Stock owned directly by the reporting person. Row 8 includes (i) 9,858,125 shares of Sonic Automotive, Inc.'s Class A Common Stock that can be acquired, upon the election of Sonic Financial Corporation, through the conversion of 9,858,125 shares of Sonic Automotive, Inc.'s Class B Common Stock owned indirectly by the reporting person (and directly by Sonic Financial Corporation), (ii) 836,534 shares of Sonic Automotive, Inc.'s Class A Common Stock owned indirectly by the reporting person (and directly by OBS Family, LLC), and (iii) 2,171,250 shares of Sonic Automotive, Inc.'s Class A Common Stock that can be acquired, upon the election of OBS Family, LLC, through the conversion of 2,171,250 shares of Sonic Automotive, Inc.'s Class B Common Stock owned indirectly by the reporting person (and directly by OBS Family, LLC). The percentage in Row 13 is calculated based upon (i) 19,574,728 total outstanding shares of Sonic Automotive, Inc.'s Class A Common Stock, par value $0.01 per share, as of April 28, 2026, as set forth in the Issuer's Form 10-Q (Q1) filed with the SEC on April 30, 2026 and (ii) 12,029,375 shares of Sonic Automotive, Inc.'s Class A Common Stock issuable upon conversion of the total outstanding shares of Sonic Automotive, Inc.'s Class B Common Stock as of April 28, 2026, as set forth in the Issuer's Form 10-Q (Q1) filed with the SEC on April 30, 2026.

SCHEDULE 13D

CUSIP Number(s): 83545G102

1

Name of reporting person

Marcus G. Smith

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 51,943.00
8	Shared Voting Power 12,865,909.00
9	Sole Dispositive Power 51,943.00
10	Shared Dispositive Power 12,865,909.00

11

Aggregate amount beneficially owned by each reporting person

12,917,852.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

40.9 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Row 7 includes 51,943 shares of Sonic Automotive, Inc.'s Class A Common Stock owned directly by the reporting person. Row 8 includes (i) 9,858,125 shares of Sonic Automotive, Inc.'s Class A Common Stock that can be acquired, upon the election of Sonic Financial Corporation, through the conversion of 9,858,125 shares of Sonic Automotive, Inc.'s Class B Common Stock owned indirectly by the reporting person (and directly by Sonic Financial Corporation), (ii) 836,534 shares of Sonic Automotive, Inc.'s Class A Common Stock owned indirectly by the reporting person (and directly by OBS Family, LLC), and (iii) 2,171,250 shares of Sonic Automotive, Inc.'s Class A Common Stock that can be acquired, upon the election of OBS Family, LLC, through the conversion of 2,171,250 shares of Sonic Automotive, Inc.'s Class B Common Stock owned indirectly by the reporting person (and directly by OBS Family, LLC). The percentage in Row 13 is calculated based upon (i) 19,574,728 total outstanding shares of Sonic Automotive, Inc.'s Class A Common Stock, par value $0.01 per share, as of April 28, 2026, as set forth in the Issuer's Form 10-Q (Q1) filed with the SEC on April 30, 2026 and (ii) 12,029,375 shares of Sonic Automotive, Inc.'s Class A Common Stock issuable upon conversion of the total outstanding shares of Sonic Automotive, Inc.'s Class B Common Stock as of April 28, 2026, as set forth in the Issuer's Form 10-Q (Q1) filed with the SEC on April 30, 2026.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, par value $0.01 per share
(b)	Name of Issuer: SONIC AUTOMOTIVE INC
(c)	Address of Issuer's Principal Executive Offices: 4401 Colwick Road, Charlotte, NORTH CAROLINA , 28211.
Item 1 Comment: This Amendment No. 5 (this "Amendment") amends and supplements the Schedule 13D originally filed jointly by Sonic Financial Corporation ("SFC") and Mr. O. Bruton Smith ("Bruton Smith") with the Securities and Exchange Commission (the "SEC") on November 19, 1997, as amended by Amendment No. 1 to the Schedule 13D filed jointly by SFC and Bruton Smith with the SEC on January 10, 2013, Amendment No. 2 to the Schedule 13D filed jointly by SFC, Bruton Smith, B. Scott Smith ("Scott Smith"), David B. Smith ("David Smith") and Marcus G. Smith ("Marcus Smith") on June 24, 2015, Amendment No. 3 to the Schedule 13D filed jointly by SFC, Bruton Smith, Scott Smith, David Smith and Marcus Smith on October 9, 2018, and Amendment No. 4 to the Schedule 13D filed jointly by OBS Family, LLC ("OBS Family"), SFC, Scott Smith, David Smith and Marcus Smith (collectively, the "Reporting Persons"), on February 1, 2023 (as amended, the "Schedule 13D"). This Amendment is being filed to, among other things, reflect the following increases in the beneficial ownership of the Shares held by the Reporting Persons, principally as a result of repurchases of Shares made by the Issuer in the open market in the period from June 22, 2022 to June 12, 2026, under the Issuer's share repurchase program authorized by the Board of Directors of the Issuer: - an increase in the percentage of beneficial ownership of the Shares held by OBS Family to 9.5%, as reported on Rows 13 of the cover pages of this Schedule 13D; - an increase in the percentage of beneficial ownership of the Shares held by SFC to 31.2%, as reported on Rows 13 of the cover pages of this Schedule 13D; - an increase in the percentage of beneficial ownership of the Shares held by Scott Smith to 41.8%, as reported on Rows 13 of the cover pages of this Schedule 13D; - an increase in the percentage of beneficial ownership of the Shares held by David Smith to 42.3%, as reported on Rows 13 of the cover pages of this Schedule 13D; and - an increase in the percentage of beneficial ownership of the Shares held by Marcus Smith to 40.9%, as reported on Rows 13 of the cover pages of this Schedule 13D. Except as provided herein, this Amendment does not modify any of the information previously reported on the Schedule 13D. Capitalized terms used but not otherwise defined in this Amendment shall have the meanings ascribed to such terms in the Schedule 13D. This Amendment relates to the Class A Common Stock, par value $0.01 per share (the "Class A Common Stock", and together with the Class B Common Stock, par value $0.01 per share, the "Class B Common Stock", the "Shares") of Sonic Automotive, Inc., a Delaware corporation (the "Issuer"). The address of the Issuer's principal executive offices is 4401 Colwick Road, Charlotte, NC 28211.
Item 4.	Purpose of Transaction
	Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following: The Reporting Persons filed an initial Schedule 13D on November 19, 1997. The Schedule 13D was amended from time to time to reflect, among other things, additional purchases and sales of Shares over time. The Reporting Persons presently believe that the Shares are undervalued at current market prices and represent an attractive investment opportunity. As a result, the Reporting Persons are filing this Amendment to, among other things, report their intention to potentially acquire additional Shares from time to time in open market transactions or in privately negotiated transactions with third parties. The Reporting Persons have not decided on an exact number of Shares to acquire, which will depend on market conditions and other factors, and such acquisitions could result in the Reporting Persons acquiring greater than 50% beneficial ownership of the outstanding shares of Class A Common Stock (including as a result of the conversion or exchange of Class B Common Stock by the Reporting Persons). In addition, depending on the Reporting Persons continuing assessment of certain factors, including the Issuer's financial condition and market conditions, the Reporting Persons will continue to periodically evaluate, and may in the future determine to pursue, various potential alternatives with respect to their investment in the Issuer, which alternatives could include, among other things, a transaction to take the Issuer private. The Reporting Persons intend to review their investment in the Issuer on a continuing basis and may, at any time, change or reconsider their position and/or their purpose regarding any or all of the foregoing. There can be no assurance that the Reporting Persons (or any of their affiliates) will take any of the actions described above with respect to the Shares or the Issuer. Moreover, there can be no assurance that the Reporting Persons will or will not develop any alternative plans or proposals with respect to any of the foregoing matters or take any particular action or actions with respect to some or all of their holdings in the Issuer, or as to the timing of any such matters should they be so pursued by the Reporting Persons. The Reporting Persons reserve the right, at any time and in each Reporting Person's sole discretion, to take or refrain from taking any of the actions set forth above and the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate, including any or all of the actions set forth in paragraphs (a)-(j) of Item 4 of Schedule 13D. Except as described in this Item 4, as of the date hereof, the Reporting Persons have no present plan or proposal that relates to or would result in any of the matters set forth in subsections (a) through (j) of Item 4 of Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	The Information contained on the cover pages to this Amendment and the information set forth in the Item 1 Comment and in Item 4 is hereby incorporated into Item 5 by reference. The aggregate number and percentage of Shares beneficially owned by OBS Family, LLC, Sonic Financial Corporation, B. Scott Smith, David Bruton Smith, and Marcus G. Smith are set forth on rows 11 and 13 of pages 2, 3, 4, 5, and 6 hereof, respectively, which information is hereby incorporated herein by reference. The percentage is calculated based upon (i) 19,574,728 total outstanding shares of Sonic Automotive, Inc.'s Class A Common Stock, par value $0.01 per share, as of April 28, 2026, as set forth in the Issuer's Form 10-Q (Q1) filed with the SEC on April 30, 2026 and (ii) 12,029,375 shares of Sonic Automotive, Inc.'s Class A Common Stock issuable upon conversion of the total outstanding shares of Sonic Automotive, Inc.'s Class B Common Stock as of April 28, 2026, as set forth in the Issuer's Form 10-Q (Q1) filed with the SEC on April 30, 2026.
(b)	The numbers of shares as to which OBS Family, LLC, Sonic Financial Corporation, B. Scott Smith, David Bruton Smith, and Marcus G. Smith have sole power to vote, shared power to vote, sole power to dispose, or shared power to dispose are set forth on rows 7-10 of pages 2, 3, 4, 5, and 6 hereof, respectively, which information is hereby incorporated herein by reference.
(c)	There have been no transactions in Shares effected by the Reporting Persons or, to the best of the Reporting Person's knowledge, any person or entity identified on Schedule I to the Amendment No. 4 to the Schedule 13D of the Reporting Persons, dated February 1, 2023, during the last 60 days.
(d)	Not applicable.
(e)	Not applicable. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Act, the beneficial owners of any securities of the Issuer that such Reporting Persons do not directly own. The Reporting Persons specifically disclaim beneficial ownership of the securities reported herein that such Reporting Persons do not directly own.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

OBS Family, LLC

Signature:	/s/ B. Scott Smith
Name/Title:	B. Scott Smith / Manager
Date:	06/16/2026

Signature:	/s/ David Bruton Smith
Name/Title:	David Bruton Smith/Manager
Date:	06/16/2026

Signature:	/s/ Marcus G. Smith
Name/Title:	Marcus G. Smith/Manager
Date:	06/16/2026

Sonic Financial Corporation

Signature:	/s/ Cary Tharrington
Name/Title:	Cary Tharrington / Senior Vice President and General Counsel
Date:	06/16/2026

B. Scott Smith

Signature:	/s/ B. SCOTT SMITH
Name/Title:	B. SCOTT SMITH
Date:	06/16/2026

David Bruton Smith

Signature:	/s/ DAVID BRUTON SMITH
Name/Title:	/s/ DAVID BRUTON SMITH
Date:	06/16/2026

Marcus G. Smith

Signature:	/s/ MARCUS G. SMITH
Name/Title:	/s/ MARCUS G. SMITH
Date:	06/16/2026