Christopher Forgy - 15 Dec 2025 Form 4 Insider Report for SAGA COMMUNICATIONS INC (SGA)

Role: PRESIDENT & CEO, Director
Signature: /s/ Christopher Forgy
Issuer symbol: SGA
Transactions as of: 15 Dec 2025
Net transactions value: -$106,575
Form type: 4
Filing time: 17 Dec 2025, 16:34:37 UTC
Previous 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	17 Dec 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	$106,575	-9,316	-7.9%	$11.44	109,158	15 Dec 2025	Direct	F1
holding	SGA	Class A Common Stock						769	15 Dec 2025	In 401(k) plan

* 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.