J. Duncan Smith - Apr 3, 2024 Form 4 Insider Report for Sinclair, Inc. (SBGI)

Role
Secretary, Director, 10%+ Owner
Signature
Clinton R. Black, V, Esq., on behalf of J. Duncan Smith, by Power of Attorney
Stock symbol
SBGI
Transactions as of
Apr 3, 2024
Transactions value $
$14,332,241
Form type
4
Date filed
4/5/2024, 12:37 PM
Previous filing
Feb 27, 2023

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 SBGI Class B Common Stock Other $14.3M +1.09M +20.63% $13.09 6.4M Apr 3, 2024 Class B Common Stock 1.09M $0.00 Direct F1, F2, F3
transaction SBGI Class B Common Stock Gift $0 -1.09M -17.1% $0.00 5.31M Apr 3, 2024 Class B Common Stock 1.09M $0.00 Direct F2, F3, F4
transaction SBGI Class B Common Stock Gift $0 +1.09M $0.00 1.09M Apr 3, 2024 Class B Common Stock 1.09M $0.00 By 2024 Irrevocable Trust Series I F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting Person exercised his right to substitute the corpus of the trust and withdrew the shares from the trust f/b/o Reporting Person's children.
F2 The Class B Common Stock is convertible at the Reporting Person's election and has no expiration date.
F3 The Reporting Person also owns (i) 185 shares of Class A Common Stock and (ii) 17,443.588235 shares of Class A Common Stock held in a 401(k) unitized stock fund. The Reporting Person indirectly owns 137,154 shares of Class B Common Stock divided equally among three irrevocable trusts each for the benefit of a child of the Reporting Person of which the Reporting Person is a co-trustee.
F4 Gifted to Trust f/b/o Reporting Person's family members.
F5 The Reporting Person has the right to substitute the corpus of trust.