Sinclair (SBGI) 10% Owner Frederick G. Smith Sells 1,192 Shares

What Happened

• Frederick G. Smith, a reported 10% owner of Sinclair, Inc. (SBGI), sold a total of 1,192 Class A shares in three open-market/private disposals on September 21, 2026. The sales were: 100 shares at $13.51 ($1,351), 100 shares at $13.50 ($1,350), and 992 shares at $13.51 (reported $13,398), for aggregate proceeds of about $16,099. The Form 4 was amended to correct an administrative error that had incorrectly reported the 992-share line as an acquisition.

Key Details

• Transaction dates/prices: 9/21/2026 — 100 @ $13.51; 100 @ $13.50; 992 @ $13.51.
• Total shares sold: 1,192; total reported proceeds: ~$16,099.
• Shares owned after transaction (per filing): directly owns 3,000,000 Class B shares, 189,000 Class A shares, plus 17,801.567198 Class A shares held in a 401(k) unitized stock fund.
• Footnotes: The reporting person exercised a right to substitute the corpus of a trust and withdrew the shares from the trust for the benefit of his child; he retains the right to substitute the trust corpus (F1, F3). F2 lists his other direct holdings noted above.
• Filing status: This is an amended Form 4/A (filed 9/25/2026) correcting an administrative error in the original Form 4 filed 9/23/2026. The amendment does not indicate a late disclosure of the underlying trades.

Context

• These were outright disposals by a 10% owner (not a stock award or option exercise). Sales by large holders can be routine (liquidity, estate or trust actions, gifts, etc.); the filing’s footnotes indicate the transaction involved trust substitution/withdrawal for a child, which is a structural/trust-related action rather than an obvious signal about company performance.