GATE CITY CAPITAL MANAGEMENT, LLC - 31 Dec 2024 Form 4 Insider Report for SAGA COMMUNICATIONS INC (SGA)

Role
10%+ Owner
Signature
/s/ Michael Melby as Managing Member of Gate City Capital Management, LLC
Issuer symbol
SGA
Transactions as of
31 Dec 2024
Net transactions value
+$2,706,755
Form type
4
Filing time
08 Jan 2025, 11:19:45 UTC
Previous filing
23 May 2024
Next filing
08 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGA Class A Common Stock, $0.01 par value Purchase $2,706,755 +240,609 +39% $11.25 863,845 31 Dec 2024 See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.24 to $11.25 per share.
F2 Reflects shares deemed to be under the investment control of Gate City Capital Management, LLC, which serves as an adviser to certain private investment funds and managed accounts. Michael Melby is the Managing Member of Gate City Capital Management, LLC.
F3 Mr. Melby may be deemed to beneficially own (solely for the purpose of Rule 16a-l(a)(2) under the Exchange Act) the securities set forth in footnote (I) above as Managing Member of Gate City Capital Management, LLC. Mr. Melby disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.