E.W. Scripps (SSP) 10% holder boosts stake with 220K-share buy
Rhea-AI Filing Summary
E.W. SCRIPPS Co 10% owner Mary Ann S. Sanchez increased her stake through open-market purchases of Class A common shares. She bought 93,377 Class A shares at a weighted average price of $4.5927 per share on March 10, 2026, and 127,338 Class A shares at a weighted average price of $4.4333 per share on March 9, 2026, for total reported purchases of 220,715 shares.
After these transactions, she directly owns 547,451 Class A common shares. A separate holding entry shows she also directly holds 322,754 Common Voting shares, providing additional exposure to the company’s equity.
Positive
- None.
Negative
- None.
Insights
Large open-market buying by a 10% owner increases direct equity exposure.
Mary Ann S. Sanchez, a reported 10% owner of E.W. SCRIPPS Co, executed two open-market purchases totaling 220,715 Class A common shares at prices in the mid-$4 range. Open-market purchases generally reflect a deliberate decision to add economic exposure at prevailing market prices.
Following these trades, she directly holds 547,451 Class A shares and a separate direct position of 322,754 Common Voting shares. The filing shows no derivative positions, so her exposure is primarily in common equity rather than options or similar instruments.
The weighted average pricing noted in the filing indicates the purchases occurred through multiple trades within specified price ranges, a common pattern for larger orders. Future company filings may add context on how insider ownership evolves over subsequent reporting periods.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Shares, $.01 par value per share | 93,377 | $4.5927 | $429K |
| Purchase | Class A Common Shares, $.01 par value per share | 127,338 | $4.4333 | $565K |
| holding | Common Voting Shares, $.01 par value per share | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.25 to $4.76, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.41 to $4.75, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes to this Form 4.