KEITH DANIEL C 4
Research Summary
AI-generated summary
Sinclair (SBGI) Director Keith Daniel C Sells 42,000 Shares
What Happened
Keith Daniel C, a director of Sinclair, Inc. (SBGI), reported three open-market sales totaling 42,000 shares of Class A common stock for aggregate proceeds of $550,323. The filings list a reported weighted-average price of $13.10 per share; individual transactions were: 17,989 shares on 2026-03-31 for $235,722, 1,398 shares on 2026-04-01 for $18,314, and 22,613 shares on 2026-04-02 for $296,287. These were sales (Disposition — code S), not purchases or option exercises.
Key Details
- Transaction dates and reported proceeds:
- 2026-03-31: 17,989 shares — $235,722 (weighted avg price reported; range $13.035–$12.46, footnote F1)
- 2026-04-01: 1,398 shares — $18,314 (range $12.90–$13.06, footnote F5)
- 2026-04-02: 22,613 shares — $296,287 (range $12.83–$13.01, footnote F6)
- Reported weighted-average sale price shown as $13.10 per share; the registrant/insider notes ranges and can provide per-price breakdown on request.
- Shares owned after the transactions: indirectly owns 25,027 shares of Class A common stock (footnote F2).
- Trust ownership details: some shares are held in trust for which the reporting person (and spouse) are beneficiaries and the reporting person serves as trustee or co‑trustee with shared voting/investment power (footnotes F3, F4).
- Filing: Form 4 filed with accession 0001254017-26-000001 on 2026-04-02 reporting the above transactions.
Context
These were open-market sales by a company director. Sales by insiders can be routine (diversification, liquidity, tax planning, trust distributions, etc.) and do not by themselves confirm management sentiment about the company. This summary is factual and does not speculate about motives.