Hoffmann David Henry 4

What Happened
Hoffmann David Henry, reported as a 10% owner of Lee Enterprises (LEE), made open‑market purchases totaling 53,200 shares across three transactions. He acquired 15,200 shares on 2026-02-27 at a weighted average price of $9.11 ($138,472), 19,000 shares on 2026-03-02 at $8.85 ($168,150), and 19,000 shares on 2026-03-03 at $9.16 ($174,040). Total consideration for the purchases was approximately $480,662. These were purchases (increasing his stake), which investors often view as a more informative signal than routine sales.

Key Details

• Transaction type: Open-market purchases (code P).
• Dates & prices: 2026-02-27 — 15,200 @ $9.11; 2026-03-02 — 19,000 @ $8.85; 2026-03-03 — 19,000 @ $9.16.
• Total shares acquired: 53,200; total value ~ $480,662.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 states the 02-27 trade was executed in multiple trades and the price shown is a weighted average; the reporting person will provide full trade breakdown on request.
• Filing timeliness: Form 4 filed 2026-03-03; no late filing indicated based on reported trade dates.

Context
As a reported 10% owner, Hoffmann is a significant shareholder rather than a routine executive grantee; these open‑market purchases reflect an increase in his beneficial stake. The filing is straightforward (no option exercises, awards, or gifts noted) and documents additional purchases rather than dispositions.