Scripps Eaton M 4
Research Summary
AI-generated summary
E.W. Scripps (SSP) 10% Owner Scripps Eaton M Buys 41,017 Shares
What Happened
Scripps Eaton M, identified as a >10% owner of E.W. Scripps Co (SSP) via the Scripps Family Agreement, acquired 41,017 shares in an open-market purchase on March 6, 2026. The weighted-average price reported was $4.64 per share, for an aggregate purchase value of about $190,446. This is a purchase (an accumulation of shares), which many investors view as a more informative signal than routine sales.
Key Details
- Transaction date: 2026-03-06 (reported on Form 4 filed 2026-03-10). Filing appears timely (within the two-business-day window).
- Transaction type/code: Purchase (P) — open market or private purchase.
- Shares purchased: 41,017 at a reported weighted-average price of $4.64; total value ≈ $190,446.
- Price footnote: The $4.64 is a weighted average; executions occurred at prices ranging from $4.46 to $4.775 (see footnote F1).
- Shares owned after transaction: The provided filing excerpt does not specify an exact post-transaction share count; the filer may be deemed to beneficially own >10% of Class A common shares via the Second Amended and Restated Scripps Family Agreement.
- Schedule 13D note: The reporting person filed a Schedule 13D (originally Jan 24, 2013), last amended March 9, 2026 — reflects ongoing disclosure of significant ownership.
Context
Because the reporting person is a 10% owner and party to a family agreement that governs collective voting and convertibility of certain shares, this is institutional/family ownership activity rather than a typical executive trade. The footnote clarifies multiple executions at slightly different prices; no options, gifts, or tax-withholding transactions are involved.