Hoffmann David Henry 4

What Happened

• Hoffmann David Henry, identified as a 10% owner of Lee Enterprises (LEE), made three open-market purchases of company stock between March 11–13, 2026. Each trade was for 27,800 shares at reported weighted-average prices of $9.33 (3/11, $259,374), $9.40 (3/12, $261,320), and $9.35 (3/13, $259,930), for a combined acquisition of 83,400 shares costing approximately $780,624. These were purchases (P), which are generally viewed as a buying/accumulation activity rather than a sale.

Key Details

• Transaction dates & prices: 3/11/2026 — 27,800 @ $9.33; 3/12/2026 — 27,800 @ $9.40; 3/13/2026 — 27,800 @ $9.35.
• Total acquired: 83,400 shares; total value ≈ $780,624; weighted average ≈ $9.36/share.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 states the reported prices are weighted averages from multiple trades and the filer will provide full trade-level details on request.
• Filing timeliness: Form 4 was filed on 2026-03-13 for trades occurring 3/11–3/13; the filing appears timely under standard Form 4 deadlines.

Context

• As a 10% owner (a large, non‑executive holder), Hoffmann’s purchases indicate a personal increase in stake but do not necessarily reflect company operational insights. There were no option exercises, gifts, or complex derivative transactions reported in this filing—just open‑market purchases.