LOUIS E. CALDERA - 24 Sep 2025 Form 4 Insider Report for DallasNews Corp (DALN)

Role: Director
Signature: /s/ Louis E. Caldera
Issuer symbol: DALN
Transactions as of: 24 Sep 2025
Net transactions value: -$125,235
Form type: 4
Filing time: 25 Sep 2025, 06:08:35 UTC
Previous filing: 28 Aug 2025
Next filing: 23 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
CALDERA LOUIS E	Director	1954 COMMERCE STREET, DALLAS	/s/ Louis E. Caldera	24 Sep 2025	0001195724

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DALN	Series A Common Stock	Disposed to Issuer	$125,235	-7,590	-100%	$16.50	0	24 Sep 2025	Direct	F1

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

LOUIS E. CALDERA is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	This Form 4 reports securities disposed of under the Agreement and Plan of Merger, dated July 9, 2025, as amended by and among DallasNews Corporation (the "Company"), Hearst Media West, LLC ("Parent"), Destiny Merger Sub, Inc. ("Merger Sub"), and, solely for the purposes specified therein, Hearst Communications, Inc., under which Merger Sub was merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger, each issued and outstanding share of Series A common stock, par value $0.01 per share, and Series B common stock, par value $0.01 per share, of the Company (other than dissenting shares and excluded shares) was cancelled and converted into the right to receive $16.50 in cash without interest thereon and less any applicable withholding taxes.

Content

This Form 4 reports securities disposed of under the Agreement and Plan of Merger, dated July 9, 2025, as amended by and among DallasNews Corporation (the "Company"), Hearst Media West, LLC ("Parent"), Destiny Merger Sub, Inc. ("Merger Sub"), and, solely for the purposes specified therein, Hearst Communications, Inc., under which Merger Sub was merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger, each issued and outstanding share of Series A common stock, par value $0.01 per share, and Series B common stock, par value $0.01 per share, of the Company (other than dissenting shares and excluded shares) was cancelled and converted into the right to receive $16.50 in cash without interest thereon and less any applicable withholding taxes.