Sinclair (SBGI) COO sells 13,672 shares, still holds 280,853
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sinclair, Inc. executive Robert Weisbord, COO and President of Local Media, reported open-market sales of a total of 13,672 shares of Class A Common Stock in March. He sold 10,000 shares on March 2 at about $15.70 per share and 3,672 shares on March 11 at about $13.97 per share.
After these transactions, he directly owns 280,853 shares of Class A Common Stock, according to the filing. Footnotes add that he also owns 7,792.277885 shares in a 401(k) unitized stock fund and 14,803.1 shares through an Employee Stock Purchase Plan.
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 — 280,853 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. The Reporting Person also owns 7,792.277885 shares of Class A Common Stock held in a 401(k) unitized stock fund and 14,803.1 shares of Class A Common Stock held in an Employee Stock Purchase Plan. After giving effect to the transactions reported on this Form 4, the Reporting Person directly owns 280,853 shares of Class A Common Stock. 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?
Robert Weisbord reported two open-market sales of Sinclair Class A Common Stock in March. He sold 10,000 shares on March 2 and 3,672 shares on March 11, for a total of 13,672 shares disposed.
What role does Robert Weisbord hold at Sinclair (SBGI)?
Robert Weisbord is identified as COO & President of Local Media at Sinclair, Inc. This makes him a senior executive, so his open-market stock transactions are required to be reported on Form 4 as an insider.
Were the Sinclair (SBGI) insider transactions open-market sales or other types?
Both transactions are described as open-market sales of Class A Common Stock, coded “S” on Form 4. The filing characterizes them as sales in the open market or private transactions, with no derivative exercises reported.
Does the Sinclair (SBGI) filing mention any retirement or employee plan holdings for Robert Weisbord?
Yes. Footnotes note that Robert Weisbord owns 7,792.277885 shares of Class A Common Stock in a 401(k) unitized stock fund and 14,803.1 shares through an Employee Stock Purchase Plan, in addition to his directly held shares.