DYKE JEFF 4
4 · SONIC AUTOMOTIVE INC · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Sonic Automotive (SAH) President Jeff Dyke Sells 50,000 Shares
What Happened
Jeff Dyke, President and a director of Sonic Automotive (SAH), sold a total of 50,000 shares of Sonic Automotive Class A common stock in open-market transactions. He sold 14,886 shares on 2026-06-09 at a weighted average price of $85.13 for proceeds of $1,267,303, and 35,114 shares on 2026-06-10 at a weighted average price of $85.22 for proceeds of $2,992,440 — about $4.26 million combined. These were sales (not purchases) and thus are routine dispositions rather than new insider buying.
Key Details
- Transaction dates & reported weighted-average prices:
- 2026-06-09: 14,886 shares @ $85.13 (total $1,267,303)
- 2026-06-10: 35,114 shares @ $85.22 (total $2,992,440)
- Price ranges disclosed in footnotes:
- Trades on 6/9 executed at prices from $85.00 to $85.55 (F2; weighted avg reported).
- Trades on 6/10 executed at prices from $85.00 to $85.82 (F3; weighted avg reported).
- Shares owned after the transaction: Not specified in the provided excerpt of the filing.
- Footnotes:
- F1: Sales were made pursuant to a pre-established 10b5-1 trading plan.
- F2/F3: Weighted-average prices reported; reporter can provide per-trade breakdown on request.
- F4: Reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
- Filing timeliness: Report filed 2026-06-10 (period of report 2026-06-09). This appears timely under Form 4 reporting rules.
Context
Sales made under a pre-established 10b5-1 plan are generally considered pre-planned and routine, and do not necessarily reflect the insider’s current view of the company. For retail investors, purchases typically carry more informational weight than routine sales; this filing documents a significant cashing out (~$4.26M) but not an indication of altered company prospects.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-06-09$85.13/sh−14,886$1,267,303→ 578,782 total - Sale
Class A Common Stock
[F1][F3]2026-06-10$85.22/sh−35,114$2,992,440→ 543,668 total
- 111,622(indirect: By LLC)
Class A Common Stock
[F4]
Footnotes (4)
- [F1]Shares sold pursuant to pre-established 10b5-1 Trading Plan.
- [F2]This transaction was executed in multiple trades at prices ranging from $85.00 per share to $85.55 per share. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F3]This transaction was executed in multiple trades at prices ranging from $85.00 per share to $85.82 per share. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F4]The reporting person disclaims beneficial ownership of such shares of Sonic Automotive, Inc.'s Class A Common Stock, except to the extent of his pecuniary interest therein.