Jeff Dyke - Jun 12, 2024 Form 4 Insider Report for SONIC AUTOMOTIVE INC (SAH)

Role: President, Director
Signature: /s/ Jeff Dyke
Stock symbol: SAH
Transactions as of: Jun 12, 2024
Transactions value $: -$1,004,040
Form type: 4
Date filed: 6/14/2024, 04:04 PM
Previous filing: May 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAH	Class A Common Stock	Sale	-$1M	-16.7K	-2.01%	$60.00	818K	Jun 12, 2024	Direct	F1
holding	SAH	Class A Common Stock						162K	Jun 12, 2024	by Ash & Erin, LLC	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Shares sold pursuant to pre-established 10b5-1 Trading Plan.
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.