Hoffmann David Henry 4

What Happened
Hoffmann David Henry (listed as a 10% owner) purchased a total of 44,110 shares of Lee Enterprises (LEE) across three transactions on Feb 24–26, 2026, in open-market/private purchases (transaction code P). The buys were: 15,200 shares at $8.84 on Feb 24 ($134,368), 13,710 shares at $8.64 on Feb 25 ($118,454), and 15,200 shares at $9.03 on Feb 26 ($137,256), totaling roughly $390,078. These were purchases (acquisitions), which are generally viewed as more informative about insider sentiment than routine sales.

Key Details

• Transaction dates and prices: Feb 24 — 15,200 @ $8.84; Feb 25 — 13,710 @ $8.64; Feb 26 — 15,200 @ $9.03. All coded "P" (purchase).
• Total shares bought: 44,110; total reported consideration: $390,078.
• Shares owned after the transactions: Not specified in the provided filing.
• Footnote: F1 notes one or more transactions were executed in multiple trades and the reported price is a weighted average; the reporting person will provide full trade-by-trade details upon request.
• Filing date: Report filed 2026-02-26 (appears timely relative to the last reported trade on 2026-02-26).

Context
As a 10% owner (institutional/major holder status), these purchases represent additional insider buying but are not the same as executive trading. The filing shows outright purchases (no option exercises, gifts, or tax-withholding events). Purchases by large holders can be of interest to retail investors, but the filing does not state the holder’s total post-transaction stake or intent.