David Bruton Smith - 10 May 2024 Form 4 Insider Report for SONIC AUTOMOTIVE INC (SAH)

Role: Chairman and CEO, Director, 10%+ Owner
Signature: /s/ David B. Smith
Issuer symbol: SAH
Transactions as of: 10 May 2024
Net transactions value: -$2,726,308
Form type: 4
Filing time: 14 May 2024, 16:50:13 UTC
Previous filing: 09 May 2024
Next filing: 15 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAH	Class A Common Stock	Options Exercise	$29,280	+1,747	+0.3%	$16.76	584,801	10 May 2024	Direct
transaction	SAH	Class A Common Stock	Sale	$102,208	-1,747	-0.3%	$58.50	583,054	10 May 2024	Direct	F1
transaction	SAH	Class A Common Stock	Options Exercise	$346,144	+20,653	+3.5%	$16.76	603,707	13 May 2024	Direct
transaction	SAH	Class A Common Stock	Sale	$1,223,961	-20,653	-3.4%	$59.26	583,054	13 May 2024	Direct	F2
transaction	SAH	Class A Common Stock	Options Exercise	$700,065	+41,770	+7.2%	$16.76	624,824	14 May 2024	Direct
transaction	SAH	Class A Common Stock	Sale	$2,475,629	-41,770	-6.7%	$59.27	583,054	14 May 2024	Direct	F3
holding	SAH	Class A Common Stock						836,534	10 May 2024	by OBS Family, LLC	F4

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	-1,747	-2.2%	$0.000000	79,069	10 May 2024	Class A Common Stock	1,747	$16.76	Direct	F5
transaction	SAH	Options to purchase	Options Exercise	$0	-20,653	-26%	$0.000000	58,416	13 May 2024	Class A Common Stock	20,653	$16.76	Direct	F5
transaction	SAH	Options to purchase	Options Exercise	$0	-41,770	-72%	$0.000000	16,646	14 May 2024	Class A Common Stock	41,770	$16.76	Direct	F5

* 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 $58.29 per share to $58.91 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	This transaction was executed in multiple trades at prices ranging from $58.29 per share to $60.63 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.
F3	This transaction was executed in multiple trades at prices ranging from $58.81 per share to $60.00 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.
F4	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.
F5	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.