Sinclair (SBGI) EVP David Gibber Sells Shares

What Happened

• David B. Gibber, EVP & Chief Legal Officer of Sinclair, disposed of a total of 35,045.023 shares on August 10, 2026. Transactions reported: 28,828 shares sold at $13.74 each ($396,137), 418 shares sold at $13.82 each ($5,777), and a discretionary disposition of 5,799.023 shares at $13.76 each ($79,795). Total proceeds across these dispositions ≈ $481,709. These were sales/dispositions (not purchases).

Key Details

• Transaction date: 2026-08-10 (all items); Form 4 filed 2026-08-12 (filed within the typical 2-business-day Form 4 window).
• Per-trade breakdown: 28,828 @ $13.74 ($396,137); 418 @ $13.82 ($5,777); 5,799.023 @ $13.76 ($79,795). Combined ≈ 35,045.023 shares for ≈ $481,709.
• Transaction codes: S = sale (open market/private sale); I = discretionary transaction (broker/agent discretion).
• Shares owned after transaction (per footnote F4): 0 shares held in a 401(k) unitized stock fund, 0 shares held in an Employee Stock Purchase Plan, and 307,707 shares listed as Stock Appreciation Rights.
• Notable footnotes: F1/F3 reference Class A common stock issued as restricted stock; F2 notes a weighted-average purchase price range ($13.67–$13.84) for purchases reported (reporting person can provide breakdown on request). F5/F6 denote plan-held stock categories.
• No late filing flag indicated.

Context

• These were sales/dispositions, which are routine insider transactions and do not by themselves indicate the insider’s view of the company’s prospects. One item is labeled a "discretionary" transaction (I), meaning the sale was made at the broker’s or plan administrator’s discretion rather than as a direct, explicit order by the insider. The filing also shows substantial derivative-style holdings (307,707 Stock Appreciation Rights) rather than direct plan-held common shares.