Timothy R. Millage - 03 Feb 2026 Form 4/A - Amendment Insider Report for LEE ENTERPRISES, Inc (LEE)

Role: V.P., CFO and Treasurer
Signature: /s/Timothy B. Gulbranson, Limited POA, Attorney-in-Fact
Issuer symbol: LEE
Transactions as of: 03 Feb 2026
Net transactions value: -$22,140
Form type: 4/A - Amendment
Filing time: 06 Feb 2026, 18:31:21 UTC
Date Of Original Report: 05 Feb 2026
Previous filing: 13 Mar 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Millage Timothy R.	V.P., CFO and Treasurer	C/O LEE ENTERPRISES, INCORPORATED, 4600 E. 53RD STREET, DAVENPORT	/s/Timothy B. Gulbranson, Limited POA, Attorney-in-Fact	06 Feb 2026	0001749466

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LEE	Common Stock	Tax liability	$22,140	-4,055	-12%	$5.46	30,186	03 Feb 2026	Direct	F1, 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	LEE	Employee Stock Option (Right to Buy)	Award	$0	+5,203		$0.000000	5,203	11 Mar 2025	Common Stock	5,203	$16.36	Direct	F3, F4
transaction	LEE	Performance Rights	Award	$0	+6,364		$0.000000	6,364	11 Mar 2025	Common Stock	6,364		Direct	F3, F5

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

Timothy R. Millage is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Exercise of tax withholding right in connection with vesting of previously granted (and reported) restricted stock resulting in a deemed disposition of the withheld shares back to LEE.
F2	On February 5, 2026, the Reporting Person filed a Form 4 that contained a scrivener's error that resulted in the number of shares beneficially owned directly by the Reporting Person to be understated by 8,066 shares. This Amendment corrects the error.
F3	The grant of restricted stock awards, stock options, and performance shares 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.
F4	The option vests in three equal annual installments beginning on December 16, 2025.
F5	Each performance right represents a contingent right to receive one share of LEE common stock. The performance rights vest on the expiration date and upon the satisfaction of certain performance criteria of LEE's common stock.