Edward K. Christian Trust 4
4 · SAGA COMMUNICATIONS INC · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Saga Communications (SGA) 10% Owner Edward K. Christian Trust Sells Shares
What Happened
The Edward K. Christian Trust, a reported 10% owner of Saga Communications, Inc. (SGA), sold 5,665 shares on February 25, 2026. The filing reports a weighted-average sale price of $12.07 per share for a total proceeds of roughly $68,350. The transactions are reported as open-market or private sales (code S).
Key Details
- Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (filed promptly after the trade).
- Reported weighted-average price: $12.07 per share; total proceeds ≈ $68,350.
- Price range (per footnote): shares were sold in multiple trades at prices between $12.00 and $12.27.
- Shares sold: 5,665.
- Shares owned after transaction: not specified in the information provided in this summary.
- Footnote: The filing notes the $12.07 is a weighted average and the reporting person will provide a breakdown of number of shares sold at each price on request.
Context
This sale was made by a 10% owner (an ownership/institutional holder) rather than an executive officer — such trades can be routine portfolio or liquidity actions and do not, by themselves, indicate company performance. Sales are less informative than purchases for signaling insider confidence; the filing provides price-range details but no explanation for the sale.
Insider Transaction Report
- Sale
Clas A Common Stock
[F1]2026-02-25$12.07/sh−5,665$68,350→ 881,044 total
Footnotes (1)
- [F1]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.27, inclusive. The reporting person undertakes to provide Saga Communications, Inc., any security holder of Saga Communications, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.