Jeff Dyke - Feb 17, 2023 Form 4 Insider Report for SONIC AUTOMOTIVE INC (SAH)

Role
President, Director
Signature
/s/ Jeff Dyke
Stock symbol
SAH
Transactions as of
Feb 17, 2023
Transactions value $
-$5,175,624
Form type
4
Date filed
2/17/2023, 04:10 PM
Previous filing
Feb 16, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAH Class A Common Stock Options Exercise $1.45M +86.6K +10.49% $16.76 912K Feb 17, 2023 Direct
transaction SAH Class A Common Stock Sale -$5.34M -93.1K -10.21% $57.31 819K Feb 17, 2023 Direct F1
transaction SAH Class A Common Stock Sale -$1.29M -22.7K -11.39% $56.83 177K Feb 17, 2023 by Ash & Erin, LLC F2, F3

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 SAH Options to purchase Options Exercise $0 -86.6K -50% $0.00 86.6K Feb 17, 2023 Class A Common Stock 86.6K $16.76 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $56.70 per share to $58.83 per share. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F2 This transaction was executed in multiple trades at prices ranging from $56.24 per share to $57.18 per share. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F3 The reporting person disclaims beneficial ownership of such shares of Sonic Automotive, Inc.'s Class A Common Stock, except to the extent of his pecuniary interest therein.
F4 The date indicated is the grant date, and the options vest in three equal annual installments on the anniversary of the grant date, subject to continued employment requirements and compliance with certain restrictive covenants.