J. DUNCAN SMITH - 03 Apr 2024 Form 4 Insider Report for Sinclair, Inc. (SBGI)

Signature
Clinton R. Black, V, Esq., on behalf of J. Duncan Smith, by Power of Attorney
Issuer symbol
SBGI
Transactions as of
03 Apr 2024
Net transactions value
+$14,332,241
Form type
4
Filing time
05 Apr 2024, 12:37:44 UTC
Previous filing
27 Feb 2023
Next filing
20 Jun 2025

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 $14,332,241 +1,094,900 +21% $13.09 6,401,586 03 Apr 2024 Class B Common Stock 1,094,900 $0.000000 Direct F1, F2, F3
transaction SBGI Class B Common Stock Gift $0 -1,094,900 -17% $0.000000 5,306,686 03 Apr 2024 Class B Common Stock 1,094,900 $0.000000 Direct F2, F3, F4
transaction SBGI Class B Common Stock Gift $0 +1,094,900 $0.000000 1,094,900 03 Apr 2024 Class B Common Stock 1,094,900 $0.000000 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.