David B. Smith - May 15, 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 15, 2024
Transactions value $: -$709,118
Form type: 4
Date filed: 5/15/2024, 04:44 PM
Previous filing: May 14, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAH	Class A Common Stock	Options Exercise	$279K	+16.6K	+2.85%	$16.76	600K	May 15, 2024	Direct
transaction	SAH	Class A Common Stock	Sale	-$988K	-16.6K	-2.78%	$59.36	583K	May 15, 2024	Direct	F1
holding	SAH	Class A Common Stock						837K	May 15, 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	-16.6K	-100%	$0.00^*	0	May 15, 2024	Class A Common Stock	16.6K	$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 $58.31 per share to $59.86 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.