Sinclair (SBGI) COO Robert Weisbord sells 13,672 Class A shares in open market
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Sinclair, Inc. executive Robert Weisbord reported selling Class A Common Stock in two open‑market transactions. On March 2, he sold 10,000 shares at $15.70 per share, followed by a sale of 3,672 shares at $13.97 per share on March 11, for a total of 13,672 shares sold. After these sales, he directly holds 293,980 Class A shares, of which 284,525 are restricted stock. He also owns 7,942.145700 shares through a 401(k) unitized stock fund and 14,803.1 shares through an Employee Stock Purchase Plan, so the reported sales represent a relatively small portion of his overall stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 13,672 shares ($208,298)
Net Sell
2 txns
Insider
Weisbord Robert
Role
COO & President of Local Media
Sold
13,672 shs ($208K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,672 | $13.97 | $51K |
| Sale | Class A Common Stock | 10,000 | $15.70 | $157K |
Holdings After Transaction:
Class A Common Stock — 293,980 shares (Direct)
Footnotes (1)
- The purchase price is a weighted average for the purchase reported. The range of prices for this purchase was $15.31-$16.09.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. Class A Common Stock, of which 284,525 shares are issued as Restricted Stock. The Reporting Person also owns 7,942.145700 shares of Class A Common Stock held in a 401 (k) unitized stock a nd 14,803.1 shares of Class A Common Stock held in an Employee Stock Purchase Plan. The purchase price is a weighted average for the purchase reported. The range of prices for this purchase was $13.85-$14.35. 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.
FAQ
What insider transactions did Sinclair (SBGI) report for Robert Weisbord?
Sinclair executive Robert Weisbord reported two open-market sales of Class A Common Stock totaling 13,672 shares. He sold 10,000 shares at $15.70 per share and 3,672 shares at $13.97 per share, according to the Form 4/A filing.
What is Robert Weisbord’s role at Sinclair (SBGI) in this Form 4/A filing?
In the Form 4/A filing, Robert Weisbord is identified as an officer of Sinclair, serving as COO & President of Local Media. The transactions reported involve his holdings of Sinclair’s Class A Common Stock in open-market sales.
Were the Sinclair (SBGI) insider transactions open-market sales or another type?
The filing classifies both transactions as open-market sales of non-derivative Class A Common Stock. They are coded as “S,” described as sales in open-market or private transactions, with no derivative exercises or tax-withholding events reported.
How significant are Robert Weisbord’s Sinclair (SBGI) sales relative to his holdings?
The 13,672 shares sold represent a small portion of Robert Weisbord’s position. He continues to directly hold 293,980 Class A shares, mostly restricted stock, plus additional shares held in a 401(k) unitized stock fund and an Employee Stock Purchase Plan.