Heath Byrd - Apr 14, 2023 Form 4 Insider Report for SONIC AUTOMOTIVE INC (SAH)

Role: EVP and CFO
Signature: /s/ Heath R. Byrd
Stock symbol: SAH
Transactions as of: Apr 14, 2023
Transactions value $: -$835,589
Form type: 4
Date filed: 4/18/2023, 05:45 PM
Previous filing: Apr 4, 2023
Next filing: Jul 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAH	Class A Common Stock	Options Exercise	$190K	+11.3K	+6.72%	$16.76	180K	Apr 14, 2023	Direct	F1
transaction	SAH	Class A Common Stock	Sale	-$612K	-11.3K	-6.3%	$54.02	169K	Apr 14, 2023	Direct	F1, F2
transaction	SAH	Class A Common Stock	Options Exercise	$127K	+7.59K	+4.5%	$16.76	176K	Apr 17, 2023	Direct	F1
transaction	SAH	Class A Common Stock	Sale	-$410K	-7.59K	-4.31%	$54.00	169K	Apr 17, 2023	Direct	F1, F3
transaction	SAH	Class A Common Stock	Options Exercise	$58.7K	+3.5K	+2.08%	$16.76	172K	Apr 18, 2023	Direct	F1
transaction	SAH	Class A Common Stock	Sale	-$189K	-3.5K	-2.03%	$54.07	169K	Apr 18, 2023	Direct	F1, F4
holding	SAH	Class A Common Stock						23.7K	Apr 14, 2023	by Bucknell Avenue, LLC	F5

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	-11.3K	-16.8%	$0.00	56.2K	Apr 14, 2023	Class A Common Stock	11.3K	$16.76	Direct	F6
transaction	SAH	Options to purchase	Options Exercise	$0	-7.59K	-13.51%	$0.00	48.6K	Apr 17, 2023	Class A Common Stock	7.59K	$16.76	Direct	F6
transaction	SAH	Options to purchase	Options Exercise	$0	-3.5K	-7.21%	$0.00	45.1K	Apr 18, 2023	Class A Common Stock	3.5K	$16.76	Direct	F6

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

Explanation of Responses:

Id	Content
F1	Stock options exercised and corresponding shares sold pursuant to pre-established 10b5-1 Trading Plan.
F2	This transaction was executed in multiple trades at prices ranging from $54.00 per share to $54.32 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	This transaction was executed in multiple trades at prices ranging from $54.00 per share to $54.01 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.
F4	This transaction was executed in multiple trades at prices ranging from $54.00 per share to $54.32 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.
F5	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.
F6	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.