Sinclair (SBGI) chair buys Class A shares, gifts 1.49M Class B
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Sinclair, Inc. Executive Chairman David D. Smith reported both a stock purchase and gifts of shares. On March 28, 2025, he bought 97,285 shares of Class A Common Stock in the open market at a weighted-average price of $15.42 per share, within a price range of $15.32–$15.50.
On the same date, he made bona fide gifts totaling 1,494,800 shares of Class B Common Stock, in four equal blocks of 373,700 shares, to separate 2025 Series I irrevocable trusts for family members. After these transactions, he directly owns 1,416,272 Class B and 1,380,525 Class A shares, plus additional Class A shares as restricted stock and in a 401(k), along with substantial indirect holdings through family entities and a foundation.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 97,285 shares ($1,500,135)
Net Buy
9 txns
Insider
SMITH DAVID D
Role
Executive Chairman
Bought
97,285 shs ($1.50M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 373,700 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 373,700 | $0.00 | -- |
| Gift | Class B Common Stock | 373,700 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 373,700 | $0.00 | -- |
| Gift | Class B Common Stock | 373,700 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 373,700 | $0.00 | -- |
| Gift | Class B Common Stock | 373,700 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 373,700 | $0.00 | -- |
| Purchase | Class A Common Stock | 97,285 | $15.42 | $1.50M |
Holdings After Transaction:
Class B Common Stock — 2,537,372 shares (Direct);
Class B Common Stock — 373,700 shares (Indirect, By David D. Smith / BECS 2025, SERIES I Irrevocable Trust);
Class A Common Stock — 1,380,525 shares (Direct)
Footnotes (1)
- The purchase price is a weighted average for the purchase reported. The range of prices for this purchase was $15.32-$15.50. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price. The Reporting Person also directly owns (i) 1,416,272 shares of Class B Common Stock, (ii) 398,229 shares of Class A Common Stock issued as Restricted Stock, and (iii) 18,815.923349 shares of Class A Common Stock held in a 401(k) unitized stock fund. He indirectly owns (i) 28,160 shares of Class A Common Stock held in separate custodial accounts established by the Reporting Person for the benefit of family members of which the Reporting Person is the custodian, (ii) 338,400 shares of Class A Common Stock held by trusts f/b/o family members of which the Reporting Person is a trustee, (iii) 4,000,000 shares of Class B Common Stock held by trusts f/b/o family members, (iv) 162,553 shares of Class A Common Stock held by a limited liability company controlled by the Reporting Person, and (v) 803,178 shares of Class A Common Stock held f/b/o David D. Smith Family Foundation, Inc. which the Reporting Person controls, but does not derive benefit. Gift to Trust f/b/o Reporting Person's child. The Class B Common Stock is convertible at the Reporting Person's election and has no expiration date. After giving effect to the transactions reported on this Form 4, the Reporting Person directly owns 1,416,272 shares of Class B Common Stock. Reporting Person also directly owns (i) 1,380,525 shares of Class A Common Stock (ii) 398,229 shares of Class A Common Stock issued as Restricted Stock, and (iii) 18,823.964222 shares of Class A Common Stock held in a 40l(k) unitized stock fund. The Reporting Person indirectly owns (i) 28,160 shares of Class A Common Stock held in separate custodial accounts established by the Reporting Person f/b/o family members of which the Reporting Person is the custodian, (ii) 338,400 shares of Class A Common Stock held by trusts f/b/o family members of which the Reporting Person is a trustee, (iii) 162,553 shares of Class A Common Stock held by a limited liability company controlled by the Reporting Person, and (iv) 803,178 shares of Class A Common Stock held f/b/o of David D. Smith Family Foundation, Inc., which the Reporting Person controls, but does not derive any benefit. Acquired by gift from Reporting Person. The Reporting Person has the right to substitute the corpus of the trust.
FAQ
What insider transactions did David D. Smith report for Sinclair (SBGI)?
David D. Smith reported buying Sinclair Class A shares and gifting Class B shares. He acquired 97,285 Class A shares in an open-market purchase and made bona fide gifts totaling 1,494,800 Class B shares to several irrevocable family trusts.
Does this Form 4/A show any insider sales of Sinclair stock into the market?
No market sales are shown in this Form 4/A. The filing reports one open-market purchase of Class A shares and several bona fide gifts of Class B shares to irrevocable family trusts, which are non-market transfers without sale proceeds.