DYKE JEFF 4

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.