Perpich David S. 4

What Happened
David S. Perpich, a director of The New York Times Company (NYT.A), executed an open-market sale of 9,000 shares on May 11, 2026 at $77.06 per share, grossing $693,540. On the same day he also donated 500 shares of Class A common stock to a donor-advised fund (no proceeds from the gift).

Key Details

• Transaction dates: May 11, 2026 (reported on Form 4 filed May 12, 2026).
• Sale: 9,000 shares sold in an open-market transaction at $77.06 each; total proceeds $693,540. (Footnote F1: all sold shares were at the same price.)
• Gift: 500 shares donated to a donor-advised fund (Footnote F2: donated shares will be used for charitable purposes; Footnote F3: reporting person disclaims beneficial ownership of these shares).
• Shares owned after transaction: not specified in the filing.
• Timeliness: Filing covers 5/11/2026 transactions and was filed on 5/12/2026; no late-filing indication in the report.

Context
This was a sale and a charitable gift by a non-employee director. Sales are often routine and less indicative of management sentiment than purchases; gifts are typically for philanthropic/tax purposes and likewise don’t signal investment conviction.