MAGID BRENT 4
4 · LEE ENTERPRISES, Inc · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Lee Enterprises (LEE) Director Brent Magid Sells 26,804 Shares
What Happened
Brent Magid, a director of Lee Enterprises, reported the sale of 26,804 shares on March 6, 2026. The filing lists a weighted-average price of $9.08 per share for a total transaction value of approximately $243,380. The Form 4 classifies the transaction as a sale (S), reported as an open-market or private sale.
Key Details
- Transaction date: 2026-03-06. Weighted-average price reported: $9.08. Total proceeds: ~$243,380.
- Transaction type: S = Sale (open market/private sale as reported).
- Shares owned after the transaction: Not specified in the provided filing excerpt.
- Footnote: The sale was executed in multiple trades; the $9.08 price is a weighted average. The reporting person can provide full per-trade details upon request (Footnote F1).
- Filing timeliness: Form 4 filed 2026-03-10 — within the typical two-business-day reporting window for insider trades.
Context
This was a straight sale of existing shares. Sales by insiders can be for many routine reasons (diversification, liquidity, tax planning) and do not by themselves confirm a change in outlook. Purchases are generally considered more informative about an insider’s view of the stock.
Insider Transaction Report
Form 4
MAGID BRENT
Director
Transactions
- Sale
Common Stock
[F1]2026-03-06$9.08/sh−26,804$243,380→ 8,760 total
Footnotes (1)
- [F1]This transaction was executed in multiple trades and the price reported reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the issuer, or security holder of the issuer, full information regarding the number of shares and prices at which the transaction as effected.
Signature
/s/ Timothy B. Gulbranson, Limited POA, Attorney-in-Fact|2026-03-10