Legg Benson E 4/A
Research Summary
AI-generated summary
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.