SMITH DAVID BRUTON 4
4 · SONIC AUTOMOTIVE INC · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Sonic Automotive (SAH) 10% Owner David Bruton Smith Surrenders 21,593 Shares
What Happened David Bruton Smith (reported as a 10% owner) delivered a total of 21,593 shares of Sonic Automotive (SAH) back to the company to satisfy tax withholding on vested restricted stock units. The transfers occurred in two parts: 9,245 shares on 2026-02-07 at $62.46 each (≈ $577,443) and 12,348 shares on 2026-02-08 at $62.46 each (≈ $771,256). This was a tax-withholding/net-share settlement transaction (routine), not an open-market sale.
Key Details
- Transaction dates and prices: 2026-02-07 — 9,245 shares @ $62.46; 2026-02-08 — 12,348 shares @ $62.46.
- Total shares surrendered: 21,593; total value ≈ $1,348,699.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 — shares were delivered to Sonic to satisfy withholding tax on RSU vesting; F2 — reporting person disclaims beneficial ownership except for pecuniary interest.
- Filing: Form 4 filed 2026-02-10 reporting the 02-07 and 02-08 transactions (no late-filing flag noted in the supplied data).
Context This was a cashless/net-settlement type transaction to cover tax obligations upon RSU vesting (internal surrender of shares), which is routine and does not necessarily signal a change in the insider’s outlook. As a 10% owner, Smith is a significant shareholder; the filing clarifies the action was for tax withholding rather than an open-market disposition.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-02-07$62.46/sh−9,245$577,443→ 544,348 total - Tax Payment
Class A Common Stock
[F1]2026-02-08$62.46/sh−12,348$771,256→ 532,000 total
- 836,534(indirect: By LLC)
Class A Common Stock
[F2]
Footnotes (2)
- [F1]Represents shares delivered by the reporting person to Sonic Automotive, Inc. to satisfy withholding tax obligations due upon vesting of restricted stock units.
- [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.