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

What happened

• The filing says Frederick G. Smith, a 10% owner, had six transactions on Sep 30, 2026: three acquisitions of 48,000 shares each and three dispositions of 48,000 shares each, each at $12.76 per share. Each 48,000-share lot is shown as $612,480; total acquired 144,000 shares for $1,837,440 and total disposed 144,000 shares for $1,837,440.
• The filing says the shares were in-kind distributions from three irrevocable trusts in satisfaction of annuity payments and that the transactions changed only the form of beneficial ownership from indirect to direct without changing the Reporting Person's pecuniary interest.

Key details

• Transaction date: Sep 30, 2026; reported price used: $12.76 per share. The filing says the Sep 29, 2026 closing price was used to value the distributions.
• Transaction code: J (other acquisition or disposition).
• Shares owned after the transactions: 333,000 shares of Class A Common Stock (per the filing).
• Additional holdings reported: 3,000,000 shares of Class B Common Stock directly and 17,819.116512 shares of Class A Common Stock held in a 401(k) unitized stock fund.
• Trust detail: the Reporting Person is settlor and sole annuitant of the three trusts and has the right to substitute the corpus of the trusts (per the filing).
• Filing status: this is an amended Form 4/A filed Oct 7, 2026 to correct and clarify footnotes from the original Form 4 filed Oct 2, 2026; the filing says the original tabled transaction date (Sep 30, 2026) was correct.

Why it may matter

• The filing says these were in-kind trust distributions in satisfaction of annuity payments, not open-market purchases or sales.
• The filing identifies the Reporting Person as a 10% owner, indicating a large holder rather than an employee stock transaction.
• The filing does not show why the insider traded or why the company acted.