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Sinclair, Inc.·4

Mar 10, 9:56 PM ET

SMITH J DUNCAN 4

Research Summary

AI-generated summary

Updated

Sinclair (SBGI) 10% Owner J. Duncan Smith Gifts & Reacquires 629,700 Shares

What Happened

  • J. Duncan Smith (reported 10% owner) executed trust-related transfers involving 629,700 shares of Sinclair Class B common stock. On 2026-03-06 he recorded an "other acquisition" of 629,700 shares at $15.60 each (value $9,823,320). On 2026-03-09 he recorded a gift disposing 629,700 shares at $14.84 each (value $9,344,748), and also on 2026-03-09 recorded a grant/award (acquisition) of 629,700 shares at $14.84 each (value $9,344,748). These are derivative-related transactions (Class B stock convertible at his election).

Key Details

  • Transaction dates & prices:
    • 2026-03-06: Other acquisition (code J) — 629,700 shares @ $15.60 ($9,823,320)
    • 2026-03-09: Gift (code G) — 629,700 shares @ $14.84 ($9,344,748)
    • 2026-03-09: Grant/award (code A) — 629,700 shares @ $14.84 ($9,344,748)
  • Holdings reported in the filing (after/around these moves): at least 137,154 Class B shares held in three irrevocable trusts for his children and 506,250 Class B shares held in an irrevocable trust for family members, plus 185 Class A shares and 21,498.357834 Class A shares in a 401(k) unitized fund. (The filing’s footnotes describe substitutions and trust transfers; total beneficial holdings may reflect these trust movements.)
  • Notable footnotes:
    • F1/F5: Reporting person exercised the right to substitute the corpus of a trust and withdrew shares from the trust for the benefit of his children.
    • F2: The Class B common stock is convertible at the reporting person’s election and has no expiration date.
    • F4: The disposition was a gift to a trust for family members.
    • F3: Details other Class A/B holdings and indirect ownership through trusts.
  • Filing timeliness: Form 4 was filed 2026-03-10 for transactions on 2026-03-06 and 2026-03-09 — the filing appears timely.

Context

  • These transactions appear to be trust- and family-related transfers (gifts and corpus substitutions) rather than straightforward open-market buys or sales. Gifts generally do not signal a market view by the insider. Because the shares involved are Class B (convertible at the holder’s election), the moves are best read as internal reallocation among trusts and the reporting person rather than typical purchase/sale trading activity.