Sinclair, Inc: 10% owner Frederick G. Smith received 144,000 shares

What happened The filing shows Frederick G. Smith, a 10% owner, executed six "other" transactions on Sep 30, 2026: three dispositions of 48,000 shares each and three acquisitions of 48,000 shares each. Each transaction was recorded at $12.76 per share and $612,480 per transaction. The filing’s footnote says the shares were received by the reporting person on Sep 23, 2026 as an in-kind distribution from an irrevocable trust, converting indirect ownership to direct ownership without changing pecuniary interest.

Key details

• Transaction date(s) and price(s): Sep 30, 2026; price per share reported $12.76; transaction code J (other acquisition or disposition). Footnote F2 notes the $12.76 price equals the Sep 29, 2026 closing price used to value the distribution.
• Transaction amounts: three dispositions of 48,000 shares at $12.76 ($612,480 each) and three acquisitions of 48,000 shares at $12.76 ($612,480 each). Totals: 144,000 shares disposed for $1,837,440 and 144,000 shares acquired for $1,837,440.
• Shares owned after the transactions: 333,000 shares of Class A common stock (per footnote F3). The reporting person also directly owns 3,000,000 shares of Class B common stock and 17,801.567198 shares of Class A common stock held in a 401(k) unitized stock fund (footnote F4).
• Other footnotes: F1 says the Class A shares were distributed in kind from the Frederick G. Smith AFS 2025, Series I Irrevocable Trust to satisfy an annuity payment; F5 notes the reporting person has the right to substitute the trust corpus.

Why it may matter

• The filing identifies the reporting person as a 10% owner, indicating large ownership rather than an executive status.
• The transactions reported are in-kind trust distributions and form-of-ownership changes (per footnote F1), not simple open-market purchases or sales.
  A filing does not show why the insider traded or why the company acted.