Byrd Heath 4
4 · SONIC AUTOMOTIVE INC · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Sonic Automotive (SAH) CFO Byrd Heath Sells 5,061 Shares
What Happened
Byrd Heath, Executive Vice President and Chief Financial Officer of Sonic Automotive, sold 5,061 shares of Sonic Automotive Class A common stock in an open-market transaction on 2026-06-02. The shares were disposed at $85.00 per share for total proceeds of $430,185. This was a sale (not a purchase) executed pursuant to a pre-established trading plan.
Key Details
- Transaction date: 2026-06-02; sale price: $85.00; shares sold: 5,061; total proceeds: $430,185.
- Filing date / Form 4 accession: filed 2026-06-03 (reports the 2026-06-02 transaction).
- Shares owned after the transaction: not specified in this filing.
- Footnotes: (1) Sale was made pursuant to a pre-established 10b5-1 trading plan. (2) Reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.
- Transaction type code: S = Sale.
Context
Sales executed under a 10b5-1 plan are prearranged and often reflect scheduled disposition rather than a spontaneous view on the company's outlook. For retail investors, routine 10b5-1 sales are less indicative of management sentiment than unscheduled insider purchases. This filing appears timely (transaction 2026-06-02; Form 4 filed 2026-06-03).
Insider Transaction Report
- Sale
Class A Common Stock
[F1]2026-06-02$85.00/sh−5,061$430,185→ 133,952 total
- 12,129(indirect: By LLC)
Class A Common Stock
[F2]
Footnotes (2)
- [F1]Shares sold pursuant to pre-established 10b5-1 Trading Plan.
- [F2]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.