Edward K. Christian Trust 4

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.