Christopher Forgy - 06 Nov 2025 Form 4 Insider Report for SAGA COMMUNICATIONS INC (SGA)

Role: PRESIDENT & CEO, Director
Signature: /s/ Christopher Forgy
Issuer symbol: SGA
Transactions as of: 06 Nov 2025
Net transactions value: -$9,204
Form type: 4
Filing time: 10 Nov 2025, 16:41:38 UTC
Previous filing: 17 Dec 2024
Next filing: 12 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
FORGY CHRISTOPHER	PRESIDENT & CEO, Director	C/O SAGA COMMUNICATIONS, INC., 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS	/s/ Christopher Forgy	10 Nov 2025	0001742451

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SGA	Class A Common Stock	Tax liability	$9,204	-760	-0.86%	$12.11	88,062	06 Nov 2025	Direct	F1
holding	SGA	Class A Common Stock						769	06 Nov 2025	In 401(k) plan	F2

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

Explanation of Responses:

Id	Content
F1	The shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the vesting of restricted stock.
F2	Includes shares acquired pursuant to the issuer's 401(k) Plan since last report of common stock ownership.