Klenzing Margaret Scripps 4
4 · E.W. SCRIPPS Co · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
E.W. Scripps (SSP) 10% Owner Margaret Klenzing Buys 159,515 Shares
What Happened
Margaret Klenzing, reported as a >10% owner of E.W. Scripps Co (SSP) via the Scripps Family Agreement, purchased 159,515 shares in an open-market transaction on March 6, 2026. The weighted average price reported was $4.64 per share, for a total cost of approximately $740,644. This was a purchase (insider acquisition), which investors often view as more informative than routine sales.
Key Details
- Transaction date: 2026-03-06 (filed Form 4 on 2026-03-10; filing appears timely).
- Reported price: weighted average $4.64; footnote indicates trades occurred across prices ranging $4.46–$4.775.
- Shares acquired: 159,515; total reported value ≈ $740,644.
- Shares owned after transaction: not specified in the provided excerpt; filing notes the reporting person may be deemed to beneficially own more than 10% of Class A shares under the Second Amended and Restated Scripps Family Agreement.
- Footnote: the price is a weighted average and the reporting person will provide per-trade breakdowns on request.
- Additional filing: the reporting person has a Schedule 13D on file (originally Jan 24, 2013; last amended Mar 9, 2026).
Context
The filing identifies Klenzing as part of a family agreement that governs collective voting of convertible common voting shares (aggregate >10% on an as-converted basis), so this transaction comes from a major family/institutional shareholder rather than necessarily from routine executive trading. No derivative activity, option exercises, gifts, or tax-withholding events are indicated in the supplied details.
Insider Transaction Report
- Purchase
Class A Common Shares, $.01 par value per share
[F1]2026-03-06$4.64/sh+159,515$740,644→ 741,978 total
- 322,977
Common Voting Shares, $.01 par value per share
Footnotes (1)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.46 to $4.775, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer 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 footnotes to this Form 4.