DAVID D. SMITH - 28 Feb 2025 Form 4 Insider Report for Sinclair, Inc. (SBGI)

Signature
Clinton R. Black, V, Esq., on behalf of David D. Smith, by Power of Attorney
Issuer symbol
SBGI
Transactions as of
28 Feb 2025
Net transactions value
-$1,932,008
Form type
4
Filing time
04 Mar 2025, 18:37:36 UTC
Previous filing
12 Mar 2024
Next filing
04 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBGI Class A Common Stock Award +288,392 +64% 737,992 28 Feb 2025 Direct F1, F2, F3
transaction SBGI Class A Common Stock Tax liability $1,932,008 -139,294 -19% $13.87 598,698 28 Feb 2025 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common Stock issued as Restricted Stock, which vests 50% on February 28, 2026 and 50% on February 28, 2027.
F2 N/A
F3 Common Stock issued as Restricted Stock. The Reporting Person also directly owns (i)607,154 shares of Class A Common Stock, (ii) 2,911,072 shares of Class B Common Stock, and (iii) 17,690.654958 shares of Class A Common Stock held in a 401(k) unitized stock fund. The Reporting Person indirectly owns (i) 28,160 shares of Class A Common Stock held in separate custodial accounts established by the Reporting Person for the benefit of family members of which the Reporting Person is the custodian, (ii) 338,400 shares of Class A Common Stock held by trusts f/b/o family members of which the Reporting Person is a trustee, (iii) 4,000,000 shares of Class B Common Stock held by trusts f/b/o family members, (iv) 162,553 shares of Class A Common Stock held by a limited liability company controlled by the Reporting Person, and (v) 803,178 shares of Class A Common Stock held f/b/o David D. Smith Family Foundation, Inc. which the Reporting Person controls, but does not derive any benefit.
F4 Designates withholding of shares to satisfy the Reporting Person's tax liability.