Alexander Marcellus Winston Jr 4

What Happened
Alexander Marcellus Winston Jr, a director of E.W. Scripps Co (SSP), converted restricted stock units into 90,673 Class A common shares on 2026-05-05 (reported as an exercise/conversion). The Form 4 also shows a simultaneous reported disposition of those 90,673 shares (both reported at $0). Additionally, on 2026-05-04 he was granted 49,575 restricted stock units (RSUs) that will convert 1-for-1 into Class A shares upon vesting in 2027.

Key Details

• Transactions reported: 2026-05-04 (grant) and 2026-05-05 (conversion/disposition).
• Share counts and prices: 90,673 shares (conversion) at $0.00; 90,673 shares (disposition) at $0.00; 49,575 RSU award at $0.00.
• Footnotes: F1 — conversion of RSUs into Class A Common Shares. F2 — the 49,575 RSU award vests in 2027 and will convert 1 RSU = 1 Class A share on vesting.
• Filing: Form 4 filed 2026-05-06; timing appears timely (within the 2-business-day Form 4 reporting window).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.

Context
The "M" code here reflects exercise/conversion of a derivative (RSUs converting into shares). A reported simultaneous disposition at $0 can reflect administrative actions (e.g., tax withholding or other transfer) or an immediate sale, but the Form 4 excerpt does not specify the reason or sale proceeds. The 49,575-RSU award granted will not affect shares outstanding until it vests in 2027. These types of derivative conversions and restricted awards are common insider compensation events and are not direct open-market purchases.