Quint Digital Ltd 4

What Happened
Quint Digital Ltd, reported as a 10% owner of Lee Enterprises (LEE), purchased 2,451,346 common shares at $3.25 per share on February 5, 2026, for a total reported cost of $7,966,875. The filing records this as a purchase (transaction code P), which is generally viewed as a bullish action versus a sale.

Key Details

• Transaction date and price: 2026-02-05 — 2,451,346 shares @ $3.25 each.
• Total value: $7,966,875.
• Transaction type: Purchase (Form 4 code P; described as open-market or private purchase on the filing).
• Shares owned after transaction: Not specified in the filing.
• Footnote: The filing notes that Ms. Ritu Kapur and Mr. Vidur Bahl beneficially own 250 and 30,205 shares of Lee Enterprises, respectively.
• Timeliness: The Form 4 was filed on 2026-02-11 for a 2026-02-05 transaction — this appears later than the typical 2-business-day reporting requirement, so the filing was delayed.

Context
Quint Digital is a 10% owner (an institutional/large-holder designation), not necessarily an executive; purchases by 10% owners indicate accumulation by a significant holder but are different from direct executive insider trades. This sizable ~$8M buy is a concrete addition to the holder’s position, but the filing does not disclose post-transaction holdings, and the report was filed late, which investors may want to note when assessing timeliness of disclosures.