Sinclair, Inc.·4/A

Jun 2, 1:58 PM ET

Legg Benson E 4/A

Research Summary

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Updated

Sinclair (SBGI) Director Legg Benson Sells 31,500 Shares

What Happened
Legg Benson E, a director of Sinclair, Inc. (ticker: SBGI), sold 31,500 shares on May 4, 2026. The reported weighted-average sale price was $14.60 per share, for a total transaction value of approximately $459,900. This was a disposal (sale), which is a liquidity event rather than a purchase signal.

Key Details

  • Transaction date: May 4, 2026. Form filed (amended) on June 2, 2026.
  • Reported price: weighted average $14.60; price range for the reported sale was $14.40–$15.13 (footnote states issuer can provide per-price breakdown on request).
  • Shares sold: 31,500; proceeds ~ $459,900.
  • Shares owned after transaction: not disclosed in this amendment.
  • Filing note: This filing is an amendment correcting the issuer name to Sinclair, Inc.; no other substantive changes were made. Because the Form 4/A was filed nearly a month after the transaction date, it appears the reporting was not within the usual 2-business-day Section 16 reporting window.

Context

  • Sales by directors can be routine (diversification, tax/liquidity needs) and do not by themselves indicate company performance or insider sentiment.
  • The amendment only corrects the issuer name (previously misidentified as a subsidiary); it does not change the transaction details.