Hoffmann David Henry 4

What Happened

• David Henry Hoffmann, a reported 10% owner of Lee Enterprises (LEE), made three open-market purchases of LEE stock on March 6, March 9 and March 10, 2026. The buys were: 19,000 shares at $9.19 ($174,610); 27,800 shares at $9.30 ($258,540); and 27,800 shares at $8.99 ($249,922). Total acquired: 74,600 shares for approximately $683,072. These were purchases (accumulation), not sales.

Key Details

• Transaction dates and prices:
  • 2026-03-06: 19,000 shares @ $9.19 = $174,610
  • 2026-03-09: 27,800 shares @ $9.30 = $258,540
  • 2026-03-10: 27,800 shares @ $8.99 = $249,922
• Total purchased: 74,600 shares for ~$683,072 (overall average ≈ $9.15/share).
• Shares owned after the transactions: not specified in the information provided on this filing.
• Footnote: F1 notes the reported prices reflect weighted-average purchase prices across multiple trades; the reporting person can provide a full breakdown on request.
• Filing timeliness: Report filed on 2026-03-10 for transactions through 2026-03-06–03-10; filing appears timely under Form 4 reporting rules.

Context

• These were open-market purchases by a 10% owner (a large shareholder position), which is different from trades by company executives; purchases can indicate accumulation but do not on their own explain intent.
• No options exercises, gifts, or tax-withholding events were reported — only straightforward purchases.