David B. Smith - Apr 29, 2024 Form 4 Insider Report for SONIC AUTOMOTIVE INC (SAH)

Signature
/s/ David B. Smith
Stock symbol
SAH
Transactions as of
Apr 29, 2024
Transactions value $
-$172,486
Form type
4
Date filed
5/1/2024, 05:03 PM
Previous filing
Apr 2, 2024
Next filing
May 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAH Class A Common Stock Options Exercise $64.7K +3.86K +0.66% $16.76 587K Apr 29, 2024 Direct
transaction SAH Class A Common Stock Sale -$237K -3.86K -0.66% $61.43 583K Apr 29, 2024 Direct F1
holding SAH Class A Common Stock 837K Apr 29, 2024 by OBS Family, LLC F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SAH Options to purchase Options Exercise $0 -3.86K -2.53% $0.00 149K Apr 29, 2024 Class A Common Stock 3.86K $16.76 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $61.25 per share to $62.61 per share. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F2 The reporting person disclaims beneficial ownership of such shares of Sonic Automotive, Inc.'s Class A Common Stock, except to the extent of his pecuniary interest therein.
F3 The date indicated is the grant date, and the options vest in three equal annual installments on the anniversary of the grant date, subject to continued employment requirements and compliance with certain restrictive covenants.