Key facts
- SGA - SAGA COMMUNICATIONS INC has 18 insiders with reported activity on this page.
- Net insider value flow over the last year: -$719,115.
- Recent transaction rows are available for direct filing-level review.
Insider Transactions Reported by 18 Insiders of SAGA COMMUNICATIONS INC
- Symbol
- SGA on Nasdaq
- Location
- Grosse Pointe Farms, MI
Change
- Buy value: ; sell value: $719,114.
- Net share flow: -55,664.
Research use
- This page gives a plain-language issuer insider context before you inspect transaction-level evidence.
- Use the filing links below to verify timestamps, codes, and ownership impacts directly from SEC forms.
Evidence
Filed on Form 4
See Original Filing
Issuer insider activity is sourced from SEC Forms 3, 4, and 5.
Insider trading overview
Last 12 monthsNet insider flow leans to selling over the last 12 months. Net value: -$719,115.
Buys
$0
Shares: 0
Insiders: 0
Sells
$719,115
Shares: 55,664
Insiders: 1
Net
-$719,115
Shares: -55,664
Insiders: -1
| Window (months) | Buy shares | Sell shares | Buy $ | Sell $ | Net $ |
|---|---|---|---|---|---|
| 0-3 | 0 | 5,665 | $0 | $68,350 | -$68,350 |
| 3-6 | 0 | 0 | $0 | $0 | $0 |
| 6-9 | 0 | 8,723 | $0 | $110,458 | -$110,458 |
| 9-12 | 0 | 41,276 | $0 | $540,307 | -$540,307 |
SAGA COMMUNICATIONS INC executives and other stock owners filed with the SEC include:
| Name | Relationship | Holdings Value | Past Year Net Change | Change % | Valuation | Report Date |
|---|---|---|---|---|---|---|
| TOWERVIEW LLC | 10%+ Owner | $23,698,949 | Mixed | 11 May 2021 | ||
| Edward K. Christian | PRESIDENT AND CEO, Director | $23,395,212 | Mixed | 10 Dec 2021 | ||
| Edward K. Christian Trust | 10%+ Owner | $21,714,187 | -$719,115 | -3.2% | Filing P/S | 25 Feb 2026 |
| GATE CITY CAPITAL MANAGEMENT, LLC | 10%+ Owner | $10,996,747 | Mixed | 08 Jan 2025 | ||
| Christopher Forgy | PRESIDENT & CEO, Director | $1,258,018 | Mixed | 15 Dec 2025 | ||
| Samuel D. Bush | Evp, Treasurer & Cfo | $796,698 | Mixed | 15 Dec 2025 | ||
| Catherine A. Bobinski | Svp, Chief Accounting Officer | $441,533 | Mixed | 15 Dec 2025 | ||
| Warren S. Lada | Director | $417,804 | Mixed | 10 Dec 2025 | ||
| Wayne Leland | Chief Operating Officer | $362,152 | Mixed | 15 Dec 2025 | ||
| Marcia Lobaito | Director | $350,561 | Mixed | 05 Dec 2024 | ||
| Gary G. Stevens | Director | $345,725 | Mixed | 07 Dec 2023 | ||
| Clarke Roger Brown Jr. | Director | $231,264 | Mixed | 10 Dec 2025 | ||
| Timothy J. Clarke | Director | $210,036 | Mixed | 10 Dec 2025 | ||
| Roy F. Coppedge III | Director | $207,192 | Mixed | 10 Dec 2025 | ||
| Michael W. Schechter | Director | $125,160 | Mixed | 10 Dec 2025 | ||
| Michael Scafidi | Director | $35,520 | Mixed | 10 Dec 2025 | ||
| Michael J. Bergner | Director | $23,206 | Mixed | 15 Dec 2022 | ||
| Gregory David Sutherland | Director | $13,344 | Mixed | 10 Dec 2025 |
Top shareholders of SAGA COMMUNICATIONS INC (13F + 13D/G + 3/4/5)
Grouped by holder across the latest SEC ownership disclosures. Ownership % is shown only when it is directly reported or safely comparable across share classes.
Methodology: rows are grouped by holder and ranked first by SEC-reported ownership % when it is safely comparable, then by disclosed holdings value. — indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.
| Holder | Source | Role / Reporting | Ownership % | Shares | Holdings Value | 12M Net Δ | As of | Details |
|---|---|---|---|---|---|---|---|---|
| Edward K. Christian Trust |
3/4/5
13D/G
|
10%+ Owner · Judith A. Christian |
14%
from 13D/G
|
1,767,753
mixed-class rows
|
$21,714,187 | -$719,115 | 25 Feb 2026 | |
| GATE CITY CAPITAL MANAGEMENT, LLC |
3/4/5
13D/G
13F
|
10%+ Owner · Company |
14%
from 13D/G
|
863,845
|
$10,996,747 | — | 08 Jan 2025 | |
| Stanley Kesselman |
13D/G
|
— |
6.2%
|
391,355
|
$4,617,989 | $0 | 31 Dec 2025 | |
| Hoak Public Equities, LP |
13D/G
|
— |
3.8%
|
240,109
|
— | $0 | 20 Dec 2024 | |
| Christopher Forgy |
3/4/5
|
PRESIDENT & CEO, Director |
1.7%
|
109,927
|
$1,258,018 | — | 15 Dec 2025 | |
| Samuel D. Bush |
3/4/5
|
EVP, TREASURER & CFO |
1.1%
|
69,508
|
$796,698 | — | 15 Dec 2025 | |
| Catherine A. Bobinski |
3/4/5
|
SVP, CHIEF ACCOUNTING OFFICER |
0.6%
|
38,524
|
$441,533 | — | 15 Dec 2025 | |
| Warren S. Lada |
3/4/5
|
Director |
0.54%
|
34,817
|
$417,804 | — | 10 Dec 2025 | |
| Wayne Leland |
3/4/5
|
CHIEF OPERATING OFFICER |
0.49%
|
31,576
|
$362,152 | — | 15 Dec 2025 | |
| Clarke Roger Brown Jr. |
3/4/5
|
Director |
0.3%
|
19,272
|
$231,264 | — | 10 Dec 2025 | |
| Timothy J. Clarke |
3/4/5
|
Director |
0.27%
|
17,503
|
$210,036 | — | 10 Dec 2025 | |
| Roy F. Coppedge III |
3/4/5
|
Director |
0.27%
|
17,266
|
$207,192 | — | 10 Dec 2025 | |
| Michael W. Schechter |
3/4/5
|
Director |
0.16%
|
10,430
|
$125,160 | — | 10 Dec 2025 | |
| Michael Scafidi |
3/4/5
|
Director |
0.05%
|
2,960
|
$35,520 | — | 10 Dec 2025 | |
| Gregory David Sutherland |
3/4/5
|
Director |
0.02%
|
1,112
|
$13,344 | — | 10 Dec 2025 | |
| TOWERVIEW LLC |
3/4/5
13F
|
10%+ Owner · Company |
18%
from 13F
|
1,161,144
|
$23,698,949 | — | 11 May 2021 | |
| DIMENSIONAL FUND ADVISORS LP |
13F
|
Company |
5.4%
|
350,655
|
$4,102,722 | — | 31 Mar 2026 | |
| Peapod Lane Capital LLC |
13F
|
Company |
3.2%
|
206,552
|
$2,428,617 | — | 31 Mar 2026 | |
| VANGUARD CAPITAL MANAGEMENT LLC |
13F
|
Company |
2.9%
|
186,207
|
$2,178,622 | — | 31 Mar 2026 | |
| BlackRock, Inc. |
13F
|
Company |
2%
|
129,338
|
$1,513,255 | — | 31 Mar 2026 | |
| RENAISSANCE TECHNOLOGIES LLC |
13F
|
Company |
1.7%
|
106,444
|
$1,245,395 | — | 31 Mar 2026 | |
| GEODE CAPITAL MANAGEMENT, LLC |
13F
|
Company |
1.1%
|
72,102
|
$844,233 | — | 31 Mar 2026 | |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC |
13F
|
Company |
1.1%
|
71,561
|
$837,264 | — | 31 Mar 2026 | |
| Mork Capital Management, LLC |
13F
|
Company |
0.78%
|
50,000
|
$585,000 | — | 31 Mar 2026 | |
| Nuveen, LLC |
13F
|
Company |
0.66%
|
42,393
|
$495,998 | — | 31 Mar 2026 | |
| Empowered Funds, LLC |
13F
|
Company |
0.56%
|
35,972
|
$420,872 | — | 31 Mar 2026 | |
| VANGUARD FIDUCIARY TRUST CO |
13F
|
Company |
0.54%
|
34,557
|
$404,317 | — | 31 Mar 2026 | |
| LPL Financial LLC |
13F
|
Company |
0.36%
|
23,125
|
$270,563 | — | 31 Mar 2026 | |
| STATE STREET CORP |
13F
|
Company |
0.34%
|
22,098
|
$258,547 | — | 31 Mar 2026 | |
| NORTHERN TRUST CORP |
13F
|
Company |
0.21%
|
13,471
|
$157,611 | — | 31 Mar 2026 | |
| GOLDMAN SACHS GROUP INC |
13F
|
Company |
0.19%
|
12,238
|
$143,185 | — | 31 Mar 2026 | |
| MORGAN STANLEY |
13F
|
Company |
0.15%
|
9,641
|
$112,803 | — | 31 Mar 2026 | |
| Vanguard Global Advisers, LLC |
13F
|
Company |
0.03%
|
1,764
|
$20,639 | — | 31 Mar 2026 | |
| BARCLAYS PLC |
13F
|
Company |
0.02%
|
1,129
|
$13,209 | — | 31 Mar 2026 | |
| OSAIC HOLDINGS, INC. |
13F
|
Company |
0%
|
210
|
$2,468 | — | 31 Mar 2026 | |
| IFS Advisors, LLC |
13F
|
Company |
0%
|
100
|
$1,170 | — | 31 Mar 2026 | |
| Tower Research Capital LLC (TRC) |
13F
|
Company |
0%
|
15
|
$176 | — | 31 Mar 2026 | |
| UBS Group AG |
13F
|
Company |
0%
|
12
|
$140 | — | 31 Mar 2026 | |
| JPMORGAN CHASE & CO |
13F
|
Company |
0%
|
5
|
$59 | — | 31 Mar 2026 | |
| SBI Securities Co., Ltd. |
13F
|
Company |
0%
|
5
|
$59 | — | 31 Mar 2026 | |
| CITIGROUP INC |
13F
|
Company |
0%
|
1
|
$12 | — | 31 Mar 2026 | |
| Edward K. Christian |
3/4/5
|
PRESIDENT AND CEO, Director |
—
class O/S missing
|
965,149
|
$23,395,212 | — | 10 Dec 2021 | |
| Marcia Lobaito |
3/4/5
|
Director |
—
class O/S missing
|
25,058
|
$350,561 | — | 05 Dec 2024 | |
| Gary G. Stevens |
3/4/5
|
Director |
—
class O/S missing
|
16,939
|
$345,725 | — | 07 Dec 2023 | |
| Michael J. Bergner |
3/4/5
|
Director |
—
class O/S missing
|
1,137
|
$23,206 | — | 15 Dec 2022 |
Recent Insider Transactions by Companies or Individuals for SAGA COMMUNICATIONS INC
Showing up to 300 most recent insider transactions from the last 12 months.
| Insider | Symbol | Class | Transaction | % | Value $ | * Price $ | Shares | Shares Owned | Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|---|
| Edward K. Christian Trust | SGA | Clas A Common Stock | Sale | -0.64% | $68,350 | $12.07 | -5,665 | 881,044 | 25 Feb 2026 | Direct |
| Catherine A. Bobinski | SGA | Class A Common Stock | Tax liability | -5.32% | -2,088 | 37,135 | 15 Dec 2025 | Direct | ||
| Samuel D. Bush | SGA | Class A Common Stock | Tax liability | -4.59% | -3,216 | 66,919 | 15 Dec 2025 | Direct | ||
| Wayne Leland | SGA | Class A Common Stock | Tax liability | -5.99% | -1,912 | 30,010 | 15 Dec 2025 | Direct | ||
| Christopher Forgy | SGA | Class A Common Stock | Tax liability | -7.86% | -9,316 | 109,158 | 15 Dec 2025 | Direct | ||
| Catherine A. Bobinski | SGA | Class A Common Stock | Award | 19.1% | 6,292 | 39,223 | 10 Dec 2025 | Direct | ||
| Christopher Forgy | SGA | Class A Common Stock | Award | 34.5% | 30,412 | 118,474 | 10 Dec 2025 | Direct | ||
| Wayne Leland | SGA | Class A Common Stock | Award | 33.7% | 8,054 | 31,922 | 10 Dec 2025 | Direct | ||
| Samuel D. Bush | SGA | Class A Common Stock | Award | 17.2% | 10,319 | 70,135 | 10 Dec 2025 | Direct | ||
| Michael W. Schechter | SGA | Class A Common Stock | Award | 74.3% | 4,446 | 10,430 | 10 Dec 2025 | Direct | ||
| Michael Scafidi | SGA | Class A Common Stock | Award | 2,960 | 2,960 | 10 Dec 2025 | Direct | |||
| Gregory David Sutherland | SGA | Class A Common Stock | Award | 1,112 | 1,112 | 10 Dec 2025 | Direct | |||
| Roy F. Coppedge III | SGA | Class A Common Stock | Award | 34.7% | 4,446 | 17,266 | 10 Dec 2025 | Direct | ||
| Timothy J. Clarke | SGA | Class A Common Stock | Award | 34% | 4,446 | 17,503 | 10 Dec 2025 | Direct | ||
| Clarke Roger Brown Jr. | SGA | Class A Common Stock | Award | 30% | 4,446 | 19,272 | 10 Dec 2025 | Direct | ||
| Warren S. Lada | SGA | Class A Common Stock | Award | 14.6% | 4,446 | 34,817 | 10 Dec 2025 | Direct | ||
| Wayne Leland | SGA | Class A Common Stock | Tax liability | -1.14% | -276 | 23,868 | 06 Nov 2025 | Direct | ||
| Christopher Forgy | SGA | Class A Common Stock | Tax liability | -0.86% | -760 | 88,062 | 06 Nov 2025 | Direct | ||
| Catherine A. Bobinski | SGA | Class A Common Stock | Tax liability | -1.68% | -564 | 32,931 | 06 Nov 2025 | Direct | ||
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.19% | $20,863 | $12.50 | -1,669 | 886,709 | 21 Oct 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.09% | $9,518 | $12.51 | -761 | 888,378 | 16 Oct 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.08% | $8,566 | $12.56 | -682 | 889,139 | 15 Oct 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.08% | $9,355 | $12.51 | -748 | 889,821 | 14 Oct 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | $13.03 | $13.03 | -1 | 890,569 | 08 Oct 2025 | Direct | |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | $130 | $13.00 | -10 | 890,570 | 07 Oct 2025 | Direct | |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.07% | $8,202 | $13.04 | -629 | 890,580 | 06 Oct 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.19% | $20,975 | $12.50 | -1,678 | 891,209 | 02 Oct 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.06% | $6,884 | $12.61 | -546 | 892,887 | 01 Oct 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.01% | $603 | $12.57 | -48 | 893,433 | 30 Sep 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.04% | $3,952 | $12.51 | -316 | 893,481 | 26 Sep 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.06% | $7,338 | $12.63 | -581 | 893,797 | 19 Sep 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.12% | $14,058 | $13.34 | -1,054 | 894,378 | 25 Aug 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.19% | $22,952 | $13.29 | -1,727 | 895,432 | 22 Aug 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.11% | $12,925 | $12.59 | -1,027 | 897,159 | 07 Aug 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.04% | $5,223 | $13.06 | -400 | 898,186 | 31 Jul 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.08% | $9,027 | $13.10 | -689 | 898,586 | 30 Jul 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.2% | $24,107 | $13.40 | -1,799 | 899,275 | 25 Jul 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.07% | $7,919 | $13.02 | -608 | 901,074 | 23 Jul 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.08% | $9,537 | $13.55 | -704 | 901,682 | 15 Jul 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.33% | $40,733 | $13.50 | -3,017 | 902,386 | 14 Jul 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.36% | $44,967 | $13.63 | -3,300 | 905,403 | 11 Jul 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | $67.5 | $13.50 | -5 | 908,703 | 09 Jul 2025 | Direct | |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.58% | $70,038 | $13.21 | -5,300 | 908,708 | 03 Jul 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.68% | $81,792 | $13.05 | -6,269 | 914,008 | 01 Jul 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.22% | $25,657 | $12.89 | -1,990 | 920,277 | 27 Jun 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.47% | $57,713 | $13.12 | -4,400 | 922,267 | 25 Jun 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | $413 | $12.51 | -33 | 926,667 | 17 Jun 2025 | Direct | |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.01% | $625 | $12.50 | -50 | 926,700 | 16 Jun 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.03% | $3,873 | $12.70 | -305 | 926,750 | 12 Jun 2025 | Direct |
| Edward K. Christian Trust | SGA | Class A Common Stock | Sale | -0.01% | $886 | $12.66 | -70 | 927,055 | 11 Jun 2025 | Direct |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.