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Sinclair, Inc.·4

Mar 31, 8:48 PM ET

SMITH DAVID D 4

4 · Sinclair, Inc. · Filed Mar 31, 2026

Research Summary

AI-generated summary of this filing

Updated

Sinclair (SBGI) 10% Owner David D. Smith Gifts/Receives 4M Class B

What Happened
David D. Smith (reported as a 10% owner) reported a series of derivative share transactions on 2026-03-30 involving Class B Common Stock (convertible at his election). The filing shows four gift dispositions of 1,000,000 derivative shares each (total disposed = 4,000,000) and four corresponding grants/acquisitions of 1,000,000 derivative shares each (total acquired = 4,000,000). All transactions were reported at $0.00 per share (total reported value $0). These entries are coded as G (Gift) and A (Grant/acquisition); gifts are dispositions and do not indicate a market sale.

Key Details

  • Transaction date(s): 2026-03-30 (filed 2026-03-31) — filing appears timely (Form 4 due within two business days).
  • Transaction types and amounts: four Gifts (G) of 1,000,000 derivative Class B shares each and four Grants/Acquisitions (A) of 1,000,000 derivative Class B shares each; all reported at $0.00.
  • Shares owned after transactions: Reporting person directly owns 2,911,072.227 shares of Class B Common Stock (per footnote F3).
  • Notable footnotes: F1 — gifts to a trust for benefit of the reporting person’s child; F2 — Class B shares are convertible at the reporting person’s election and have no expiration; F5 — some acquisitions were "acquired by gift from Reporting Person"; F6 — reporting person retains right to substitute corpus of the trust.
  • Insider status: Reporting person is a 10% owner (not labeled as an executive in the filing).

Context

  • These are derivative, convertible Class B shares (not open-market buys/sells). Gifts to family trusts are often estate or family planning moves and do not necessarily indicate the insider’s view of the stock.
  • Because the reported price is $0, the Form 4 reflects transfers/gifts rather than market transactions with cash proceeds.

Insider Transaction Report

Form 4
Period: 2026-03-30
Sinclair, Inc.SBGI
SMITH DAVID D
DirectorExecutive Chairman10% Owner
Transactions
  • Gift

    Class B Common Stock

    [F1][F2][F3][F4]
    2026-03-30−1,000,000→ 5,911,072.227 total
    Exercise: $0.00→ Class B Common Stock (1,000,000 underlying)
  • Award

    Class B Common Stock

    [F5][F2][F3][F4][F6]
    2026-03-30+1,000,000→ 1,000,000 total(indirect: By Trust)
    Exercise: $0.00→ Class B Common Stock (1,000,000 underlying)
  • Gift

    Class B Common Stock

    [F1][F2][F3][F4]
    2026-03-30−1,000,000→ 4,911,072.227 total
    Exercise: $0.00→ Class B Common Stock (1,000,000 underlying)
  • Award

    Class B Common Stock

    [F5][F2][F6]
    2026-03-30+1,000,000→ 1,000,000 total(indirect: By Trust)
    Exercise: $0.00→ Class B Common Stock (1,000,000 underlying)
  • Gift

    Class B Common Stock

    [F1][F2][F3][F4]
    2026-03-30−1,000,000→ 3,911,072.227 total
    Exercise: $0.00→ Class B Common Stock (1,000,000 underlying)
  • Award

    Class B Common Stock

    [F5][F2][F3][F4][F6]
    2026-03-30+1,000,000→ 1,000,000 total(indirect: By Trust)
    Exercise: $0.00→ Class B Common Stock (1,000,000 underlying)
  • Gift

    Class B Common Stock

    [F1][F2][F4]
    2026-03-30−1,000,000→ 2,911,072.227 total
    Exercise: $0.00→ Class B Common Stock (1,000,000 underlying)
  • Award

    Class B Common Stock

    [F5][F2][F3][F4][F6]
    2026-03-30+1,000,000→ 1,000,000 total(indirect: By Trust)
    Exercise: $0.00→ Class B Common Stock (1,000,000 underlying)
Footnotes (6)
  • [F1]Gift to Trust f/b/o Reporting Person's child.
  • [F2]The Class B Common Stock is convertible at the Reporting Person's election and has no expiration date.
  • [F3]After giving effect to the transactions reported on this Form 4, the Reporting Person directly owns 2,911,072.227 shares of Class B Common Stock.
  • [F4]The Reporting Person also directly owns (i) 1,823,783 shares of Class A Common Stock, (ii) 526,574 shares of Class A Common Stock issued as Restricted Stock, and (iii) 20,520.369101 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.
  • [F5]Acquired by gift from Reporting Person.
  • [F6]The Reporting Person has the right to substitute the corpus of the trust.
Signature
Anastasia Thomas Nardangeli, Esq., on behalf of David D. Smith, by Power of Attorney|2026-03-31

Documents

1 file
  • 4
    primary_doc.xmlPrimary

    PRIMARY DOCUMENT