Cannell Capital Llc - May 11, 2021 Form 3 Insider Report for LEE ENTERPRISES, Inc (LEE)

Role
10%+ Owner
Signature
/s/ J. Carlo Cannell, on behalf of Cannell Capital LLC
Stock symbol
LEE
Transactions as of
May 11, 2021
Transactions value $
$0
Form type
3
Date filed
5/14/2021, 05:50 PM
Next filing
May 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LEE Common Stock 588K May 11, 2021 By partnerships and corporations F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As of May 11, 2021, Tonga Partners, LP, Tristan Partners, LP, and Tristan Offshore Fund, Ltd (collectively the "Cannell Investment Vehicles") owned in the aggregate 587,985 shares of the common stock of Lee Enterprises, Inc..
F2 Cannell Capital LLC acts as the general partner of and investment adviser to Tonga Partners, LP, Tristan Partners, L.P. and Tristan Offshore Fund, Ltd. J. Carlo Cannell is the sole managing member of Cannell Capital LLC. As such, Mr. Cannell possesses sole power to vote and direct the disposition of all securities of Lee Enterprises, Inc. held by the Cannell Investment Vehicles. Thus, for the purposes of Reg. Section 240.13d-3, as of May 11, 2021, Mr. Cannell beneficially owns 587,985 shares. Mr. Cannell's interest in the securities reported herein is limited to the extent of his pecuniary interest in each of the Cannell Investment Vehicles, if any.
F3 From the sale transactions dated May 14, 2021, Cannell Capital LLC realized short-swing profits of $6,125.11 on 304 shares of the Company purchased November 19, 2020 at a split-adjusted price of $9.52 per share. Cannell Capital LLC has voluntarily disgorged these profits to the Company.