Sanchez Mary Ann S. 4
Research Summary
AI-generated summary
E.W. Scripps (SSP) 10% Owner Mary Ann Sanchez Buys 220,715 Shares
What Happened
- Mary Ann S. Sanchez, a reported >10% owner of E.W. Scripps Co. (SSP) via the Scripps Family Agreement, made two open-market purchases: 127,338 shares on 2026-03-09 at a reported weighted average price of $4.43 (approx. $564,528) and 93,377 shares on 2026-03-10 at a reported weighted average price of $4.59 (approx. $428,853). Total acquired: 220,715 shares for roughly $993,381. These were purchases (insider buys are often viewed as a more bullish signal than sales).
Key Details
- Transaction dates and reported prices:
- Mar 9, 2026 — 127,338 shares @ $4.43 (weighted avg) ≈ $564,528
- Mar 10, 2026 — 93,377 shares @ $4.59 (weighted avg) ≈ $428,853
- Total acquired: 220,715 shares for ≈ $993,381.
- Shares owned after transaction: The Form 4 does not state an exact post-transaction share count; the filing notes Sanchez may be deemed to beneficially own >10% of Class A common shares as a party to the Second Amended and Restated Scripps Family Agreement.
- Footnotes: Reported prices are weighted averages; transactions were executed in multiple trades at price ranges of $4.25–$4.76 (footnote 1) and $4.41–$4.75 (footnote 2). The filer will provide a breakdown of shares sold at each price upon request.
- Filing timeliness: The Form 4 was filed on 2026-03-11 for transactions on Mar 9–10, 2026 (filed timely under Form 4 rules).
Context
- The reporting person is a significant shareholder through a family agreement (Schedule 13D filed Jan 24, 2013, last amended Mar 9, 2026). This type of insider activity reflects investment by a major owner rather than routine executive compensation moves. The filing is factual and does not indicate the insider's motivations.