Arthur G. Sulzberger - Jul 11, 2023 Form 4 Insider Report for NEW YORK TIMES CO (NYT)

Signature
/s/ Scott Warren Goodman as Attorney-in-fact for Arthur G. Sulzberger
Stock symbol
NYT
Transactions as of
Jul 11, 2023
Transactions value $
$0
Form type
4
Date filed
7/31/2023, 07:15 PM
Previous filing
Feb 24, 2023
Next filing
Aug 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYT Class A Common Stock Gift $0 -60.3K -100% $0.00* 0 Jul 11, 2023 By trust. F1, F2
holding NYT Class A Common Stock 60.3K Jul 11, 2023 By trust. F2
holding NYT Class A Common Stock 110K Jul 11, 2023 Direct
holding NYT Class A Common Stock 4.83K Jul 11, 2023 By trust.
holding NYT Class A Common Stock 1.55K Jul 11, 2023 As UTMA custodian for minor child.
holding NYT Class A Common Stock 1.4M Jul 11, 2023 By trust.
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 11, 2023, this family trust (the "Original Trust"), of which the reporting person was both trustee and beneficiary, distributed 120,645 shares of Class A Common Stock to two newly-created family trusts (the "Distribution"). These 60,322 shares were distributed to one of the newly-created trusts, over which the reporting person possesses no investment control.
F2 In connection with the Distribution, the balance of shares held in the Original Trust was distributed to the other newly-created trust, of which the reporting person is both trustee and beneficiary, in a transaction exempt from reporting under Exchange Act Rule 16a-13.