Les Ottolenghi - 21 May 2025 Form 4/A - Amendment Insider Report for LEE ENTERPRISES, Inc (LEE)

Role: Chief Transformation Officer
Signature: /s/Timothy B. Gulbranson, Limited POA, Attorney-in-Fact
Issuer symbol: LEE
Transactions as of: 21 May 2025
Net transactions value: $0
Form type: 4/A - Amendment
Filing time: 23 May 2025, 16:56:47 UTC
Date Of Original Report: 11 Mar 2025
Previous filing: 13 Mar 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Ottolenghi Les	Chief Transformation Officer	C/O LEE ENTERPRISES, INCORPORATED, 4600 E. 53RD STREET, DAVENPORT	/s/Timothy B. Gulbranson, Limited POA, Attorney-in-Fact	23 May 2025	0001664754

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LEE	Common Stock	Award	$0	+15,000	+75%	$0.000000	35,000	11 Mar 2025	Direct	F1, F2

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

Les Ottolenghi is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The grant of restricted stock awards were approved by the executive compensation committee of LEE's board of directors on December 16, 2024, subject to shareholder approval of the First Amendment to the 2020 Long-Term Incentive Plan ("Amendment") under which the awards were granted and the subsequent filing of LEE's Registration Statement on Form S-8 registering the additional shares authorized under the Amendment. LEE's shareholders approved the Amendment on February 27, 2025, and the Form S-8 was filed with the Securities and Exchange Commission on March 11, 2025.
F2	The original Form 4 filed March 13, 2025, is amended by this Form 4 to remove the information contained in Table II and correctly reflect the Reporting Person's award of 15,000 shares of restricted stock pursuant to an employment offer from the Issuer to Reporting Person upon the inception of Reporting Person's employment with the Issuer.

Content

The grant of restricted stock awards were approved by the executive compensation committee of LEE's board of directors on December 16, 2024, subject to shareholder approval of the First Amendment to the 2020 Long-Term Incentive Plan ("Amendment") under which the awards were granted and the subsequent filing of LEE's Registration Statement on Form S-8 registering the additional shares authorized under the Amendment. LEE's shareholders approved the Amendment on February 27, 2025, and the Form S-8 was filed with the Securities and Exchange Commission on March 11, 2025.

The original Form 4 filed March 13, 2025, is amended by this Form 4 to remove the information contained in Table II and correctly reflect the Reporting Person's award of 15,000 shares of restricted stock pursuant to an employment offer from the Issuer to Reporting Person upon the inception of Reporting Person's employment with the Issuer.