Large Lee Enterprises (LEE) stake reported by director and 10% owner

Rhea-AI Filing Summary

Lee Enterprises director David Hoffmann filed an initial Form 3 reporting his beneficial ownership in the company’s common stock. He reports direct ownership of 10,909,440 shares of Lee Enterprises common stock.

He also reports indirect beneficial ownership of 618,900 common shares held by the Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001, for which his spouse, Jerrilyn Hoffmann, is the sole trustee. The Form 3 is filed jointly by a “group” of reporting persons identified in an exhibit.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hoffmann David Henry

Role Director, 10% Owner

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 10,909,440 shares (Direct); Common Stock — 618,900 shares (Indirect, By Trust)

Footnotes (1)

1. These shares are owned directly by David Hoffmann. These shares are owned directly by the Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001, of which Jerrilyn Hoffmann, David Hoffmann's spouse, is the sole trustee. This Initial Statement of Beneficial Ownership of Securities on Form 3 is being filed jointly as Reporting Persons by a "group" (as defined in Section 13(d) of the Exchange Act), the other members of which are set forth on Exhibit 99.1 to this Form 3.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Hoffmann David Henry

(Last) (First) (Middle)

C/O LEE ENTERPRISES, INCORPORATED

4600 E. 53RD STREET

(Street)

DAVENPORT IA 52807

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/05/2026

3. Issuer Name and Ticker or Trading Symbol
LEE ENTERPRISES, Inc [ LEE ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	10,909,440	D(1)
Common Stock	618,900	I(2)	By Trust(3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares are owned directly by David Hoffmann.

2. These shares are owned directly by the Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001, of which Jerrilyn Hoffmann, David Hoffmann's spouse, is the sole trustee.

3. This Initial Statement of Beneficial Ownership of Securities on Form 3 is being filed jointly as Reporting Persons by a "group" (as defined in Section 13(d) of the Exchange Act), the other members of which are set forth on Exhibit 99.1 to this Form 3.

	/s/ David H. Hoffmann	02/17/2026
	/s/ Jerrilyn Hoffmann	02/17/2026
	/s/ Jerrilyn Hoffmann, Trustee of the Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the Form 3 filing for LEE by David Hoffmann show?

The Form 3 shows that director and 10% owner David Hoffmann has reported his initial beneficial ownership in Lee Enterprises common stock, including both directly held shares and shares held indirectly through a revocable trust associated with his spouse.

How many Lee Enterprises (LEE) shares does David Hoffmann own directly?

David Hoffmann reports direct ownership of 10,909,440 shares of Lee Enterprises common stock. This figure represents his personal holdings reported as beneficially owned directly, separate from any shares held through trusts or other indirect ownership structures.

What indirect Lee Enterprises (LEE) holdings are reported through the Hoffmann trust?

The filing reports 618,900 Lee Enterprises common shares held indirectly through the Jerrilyn M. Hoffmann Revocable Trust. Jerrilyn Hoffmann, David Hoffmann’s spouse, is identified as the sole trustee of this trust in the disclosure footnotes.

What is David Hoffmann’s role and status at Lee Enterprises (LEE)?

David Hoffmann is disclosed as both a director and a 10% owner of Lee Enterprises. This dual status is indicated in the relationship section of the Form 3, which identifies his board role and his significant ownership position in the company.

Is the Lee Enterprises (LEE) Form 3 filed by more than one reporting person?

Yes. The Form 3 is described as an initial statement filed jointly by a “group” of reporting persons. The other members of this group are listed in Exhibit 99.1 referenced in the footnotes to the filing.

Does the Lee Enterprises (LEE) Form 3 reflect any recent share purchases or sales?

The Form 3 functions as an initial beneficial ownership report and lists the shares held directly and indirectly. It does not specify any particular buy or sell transaction code, focusing instead on the total holdings following the reported date.