Smith Jason Ryan 4

What Happened

• Jason R. Smith, Executive Vice Chairman of Sinclair, Inc. (SBGI), had restricted stock vest. Of the 18,783 Class A shares that vested, 9,214 shares were withheld by the issuer to satisfy the reporting person’s tax liability (transaction code F). The withheld shares were valued at approximately $143,738 (9,214 shares × $15.60 per share). The remaining 9,569 shares were delivered to Mr. Smith.

Key Details

• Transaction date: March 8, 2026 (vesting date); Form 4 filed March 11, 2026 due to the vesting date falling on a Sunday and subsequent administrative processing.
• Price used for withholding: $15.60 per share; withheld shares: 9,214; value ≈ $143,738.
• Shares released on vesting: 18,783 total; net delivered to insider: 9,569 shares; 9,214 withheld for taxes.
• Other holdings: Reporting person also owns 3,334.644928 shares of Class A Common Stock held in a 401(k) unitized stock fund (footnote F4).
• Footnotes: F1 notes these restricted shares were granted March 8, 2024; F2/F3 explain the withholding to satisfy tax liability and total shares released; F4 notes additional 401(k) holdings.
• Transaction type: F = tax withholding on vested restricted stock (not an open-market sale or purchase). Filing was submitted on March 11 due to weekend timing; filing does not indicate a late-reporting violation.

Context

• This is a routine tax-withholding event tied to restricted stock vesting (an award vesting), not a market sale or new purchase. Such withholdings are common and do not, by themselves, signal a buy/sell decision by the insider.