Weisbord Robert 4/A
Research Summary
AI-generated summary
Sinclair (SBGI) COO Robert Weisbord Sells Shares
What Happened
- Robert Weisbord, COO and President of Local Media at Sinclair, Inc. (SBGI), sold a total of 13,672 shares of Class A common stock in two open-market transactions. He sold 10,000 shares on 2026-03-02 at $15.70 each for $157,000, and 3,672 shares on 2026-03-11 at $13.97 each for $51,298, for combined proceeds of approximately $208,298. These were outright sales (code S).
Key Details
- Transaction dates & prices: 2026-03-02 — 10,000 shares @ $15.70 ($157,000); 2026-03-11 — 3,672 shares @ $13.97 ($51,298).
- Total shares sold: 13,672; total proceeds: ~$208,298.
- Reported holdings after the transactions (per filing footnote F2): 284,525 shares issued as restricted stock, plus 7,942.1457 shares held in a 401(k) unitized stock account and 14,803.1 shares in an Employee Stock Purchase Plan — roughly 307,270 shares total across those categories.
- Footnotes: F1/F3 reference weighted-average purchase-price ranges and state the reporting person can provide a price-by-price breakdown on request (ranges listed as $15.31–$16.09 and $13.85–$14.35). F2 details the holdings breakdown above.
- Filing status: This is an amended Form 4 filed 2026-03-19 covering transactions on 2026-03-02 and 2026-03-11. No 10b5-1 plan or special instruction is noted in the summary.
Context
- These were sales (not purchases or option exercises). Insider sales are common for liquidity, tax or diversification reasons and do not, by themselves, prove a change in the insider’s view of the company. Retail investors should consider these trades alongside other filings and company fundamentals.