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

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ David B. Smith
Stock symbol
SAH
Transactions as of
May 10, 2024
Transactions value $
-$2,726,308
Form type
4
Date filed
5/14/2024, 04:50 PM
Previous filing
May 9, 2024
Next filing
May 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAH Class A Common Stock Options Exercise $29.3K +1.75K +0.3% $16.76 585K May 10, 2024 Direct
transaction SAH Class A Common Stock Sale -$102K -1.75K -0.3% $58.50 583K May 10, 2024 Direct F1
transaction SAH Class A Common Stock Options Exercise $346K +20.7K +3.54% $16.76 604K May 13, 2024 Direct
transaction SAH Class A Common Stock Sale -$1.22M -20.7K -3.42% $59.26 583K May 13, 2024 Direct F2
transaction SAH Class A Common Stock Options Exercise $700K +41.8K +7.16% $16.76 625K May 14, 2024 Direct
transaction SAH Class A Common Stock Sale -$2.48M -41.8K -6.69% $59.27 583K May 14, 2024 Direct F3
holding SAH Class A Common Stock 837K May 10, 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 -1.75K -2.16% $0.00 79.1K May 10, 2024 Class A Common Stock 1.75K $16.76 Direct F5
transaction SAH Options to purchase Options Exercise $0 -20.7K -26.12% $0.00 58.4K May 13, 2024 Class A Common Stock 20.7K $16.76 Direct F5
transaction SAH Options to purchase Options Exercise $0 -41.8K -71.5% $0.00 16.6K May 14, 2024 Class A Common Stock 41.8K $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.