SMITH DAVID D 4/A

What Happened
David D. Smith (a >10% owner of Sinclair, Inc., SBGI) reported an open‑market purchase of 97,285 Class A shares on 2025-03-28 for a weighted average price of $15.42, totaling $1,500,135. The Form 4 also shows a series of gift (G) and grant/award (A) derivative entries of 373,700 shares (reported as $0 transfers) on the same date — these entries relate to transfers to a trust for a child and related re-grants. The filing is an amendment made 2026-03-12 to correct the original omission of the 97,285‑share purchase.

Key Details

• Transaction date: 2025-03-28 (reported via amended Form 4 filed 2026-03-12). The filing notes it is an amendment to correct a prior omission. (Transaction timeliness flagged as late.)
• Purchase: 97,285 Class A shares, weighted avg price $15.42; price range for the trade $15.32–$15.50; total cash value ≈ $1,500,135. (Footnote F1.)
• Gift/derivative entries: Multiple gift (G) and award/grant (A) entries each for 373,700 shares (reported as $0 transfers); footnotes indicate gifts to a trust for the reporting person’s child and related trust mechanics (F3, F7, F8).
• Holdings after transactions: Reporting person directly owns 1,416,272 Class B shares (F5). Footnotes also show direct holdings of ~1,380,525 Class A shares, 398,229 restricted Class A shares, and ~18.8 shares held in a 401(k) unitized fund, plus several large indirect/trust holdings (see F2/F6 for full breakdown).
• Convertible/derivative detail: Class B shares are convertible at the reporting person’s election with no expiration (F4).
• Filing note: This is an amended Form 4 filed to add the omitted open‑market purchase; late/ corrected filings reduce transparency until resolved.

Context

• Purchases by large owners can be more informative than gifts; the cash purchase of ~97k shares is a straightforward open‑market buy.
• The repeated gift/grant entries reflect non‑cash transfers to trusts (family/child), which are not market sentiment signals.
• As a >10% owner, Smith’s trades represent transactions by a major shareholder rather than routine employee compensation trades.