Klenzing Margaret Scripps 4

What Happened

• Margaret Scripps Klenzing, reported as a >10% owner of E.W. Scripps Co. (SSP), made two open-market purchases on March 4 and March 5, 2026. She acquired 139,951 shares at a weighted average price of $4.17 on 2026-03-04 (≈ $583,862) and 120,534 shares at a weighted average price of $4.43 on 2026-03-05 (≈ $533,459). Total purchased = 260,485 shares for roughly $1.12 million.
• These are purchases (Form 4 transaction code P), which are typically viewed as more informative than routine sales because they represent the insider adding to their stake.

Key Details

• Transaction dates and prices:
  • 2026-03-04: 139,951 shares @ $4.17 (weighted avg) — ~$583,862
  • 2026-03-05: 120,534 shares @ $4.43 (weighted avg) — ~$533,459
• Total shares bought: 260,485; total cash outlay: ≈ $1,117,321.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: Two footnotes state the reported prices are weighted averages and reference multiple transactions at various price ranges (F1: sales ranged $3.845–$4.315; F2: sales ranged $4.15–$4.49). The reporting person offers to provide details on the number of shares at each price upon request.
• Filing timeliness: Form 4 was filed on 2026-03-06 for transactions on 2026-03-04 and 2026-03-05; this appears to be filed within the typical Section 16 reporting window (i.e., timely).

Context

• Klenzing may be deemed to beneficially own more than 10% of Class A common shares through the Second Amended and Restated Scripps Family Agreement (dated Mar 26, 2021); a Schedule 13D was last amended Feb 6, 2026. As a >10% owner via a family agreement, this holding reflects collective family/institutional-level ownership rather than necessarily a company executive’s trading.
• No options, awards, or gifts were involved—these were straight purchases (P).