Hoffmann David Henry 4

What Happened
David Henry Hoffmann, a reported 10% owner of Lee Enterprises, made three open-market purchases: 10,600 shares on Feb 19 at a weighted average $7.81 ($82,786), 10,600 shares on Feb 20 at $9.11 ($96,566), and 15,200 shares on Feb 23 at $8.91 ($135,432). Total acquired: 36,400 shares for $314,784. These were purchases (buying stock), which investors often view as a more informative/positive signal than routine sales, though no motivation is stated.

Key Details

• Transaction dates and amounts:
  • 2026-02-19: 10,600 shares @ $7.81 — $82,786 (weighted avg; multiple trades)
  • 2026-02-20: 10,600 shares @ $9.11 — $96,566
  • 2026-02-23: 15,200 shares @ $8.91 — $135,432
• Total purchased: 36,400 shares for $314,784.
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: F1 — each reported price is a weighted average of multiple trades; the reporting person will provide full trade-level details upon request.
• Timeliness: Filed on Feb 23, 2026 (same day as the last reported trade); filing appears to be timely.

Context
Hoffmann is reported as a 10% owner (large shareholder), not necessarily an executive; purchases by 10% owners can reflect a significant stake increase but do not by themselves explain intent. No options, awards, gifts, or tax-withholding transactions are reported in this Form 4.