MAGID BRENT 4

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.