Brickner Savannah 4
Research Summary
AI-generated summary
E.W. Scripps (SSP) 10% Owner Savannah Brickner Buys Shares
What Happened
- Savannah Brickner, identified as a 10% owner of E.W. Scripps Co (SSP), made two acquisitions of Class A common shares: 38,544 shares on Mar 9, 2026 at a weighted average price of $4.43 for $170,877, and 27,682 shares on Mar 10, 2026 at a weighted average price of $4.59 for $127,135. Total reported purchases = 66,226 shares for approximately $298,012. These were purchases (reporting code P), i.e., open-market or private purchases.
Key Details
- Transaction dates/prices: Mar 9, 2026 — 38,544 shares @ $4.43 ($170,877); Mar 10, 2026 — 27,682 shares @ $4.59 ($127,135).
- Total purchased: 66,226 shares; total cash outlay ≈ $298,012.
- Shares owned after transaction: Not specified on the Form 4. The filing states 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 (see Schedule 13D, last amended Mar 9, 2026).
- Footnotes: The reported prices are weighted averages. Footnote F1 notes multiple transactions at prices ranging $4.25–$4.76; F2 notes multiple transactions at $4.41–$4.75. The reporting person offers to provide a full breakdown on request.
- Filing timeliness: Form 4 was filed on Mar 11, 2026 for transactions on Mar 9–10, 2026; the filing appears to have been made promptly.
Context
- This filing reflects direct purchases by a large, affiliated shareholder (a party to a family agreement), not an executive option exercise or a gift. As a 10% owner (per the Scripps Family Agreement and Schedule 13D), Brickner’s transactions may reflect collective family/group holdings rather than individual executive trading. Purchases are factual data points but do not by themselves indicate motive or forecast future stock performance.