Lee Enterprises CEO reports new stock and rights grants

Q: What equity awards did LEE (LEE) grant to CEO Nathan E. Bekke on August 6, 2026?

On August 6, 2026, Nathan E. Bekke received 158,228 performance rights, each representing one share of LEE common stock. A related 158,228-share common stock entry corrects an earlier award that had been under-reported by 50,469 shares.

Q: What correction does this amended Form 4/A for LEE (LEE) disclose?

The amendment states that Bekke’s August 6, 2026 award was under-reported by 50,469 shares. The updated entry for 158,228 shares of common stock corrects that administrative error in the prior reporting of the award.

Q: How do the performance rights granted by LEE (LEE) to its CEO vest?

Each performance right represents a contingent right to one share of LEE common stock. The rights vest on their stated expiration dates, subject to satisfaction of specified performance criteria tied to LEE’s common stock.

LEE ENTERPRISES, Inc reported equity awards for President & CEO Nathan E. Bekke.

Filing Impact

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Form Type

4/A

Rhea-AI Filing Summary

LEE ENTERPRISES, Inc reported equity awards for President & CEO Nathan E. Bekke. On August 6, 2026, he received 158,228 performance rights, each tied to one share of common stock and vesting on September 30, 2029 subject to stock performance criteria, and a related 158,228-share common stock entry that corrects a prior award that had been under-reported by 50,469 shares. The filing also records March 11, 2025 grants of an employee stock option for 5,946 shares at a $16.36 exercise price, vesting in three equal annual installments beginning December 16, 2025, and 7,273 performance rights vesting on September 26, 2027 subject to performance conditions.

Insider Trade Summary

Grant/Award: 329,675 shares

Grant/Award 4 txns

Insider BEKKE NATHAN E.

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Performance Rights ^F3	158,228	$0.00	$0.00
Grant/Award	Common Stock ^F1	158,228	$0.00	$0.00
Grant/Award	Employee Stock Option (Right to Buy) ^F2	5,946	$0.00	$0.00
Grant/Award	Performance Rights ^F3	7,273	$0.00	$0.00

Holdings After Transaction: Employee Stock Option (Right to Buy) — 5,946 contracts (Direct); Performance Rights — 165,501 contracts (Direct); Common Stock — 194,165 shares (Direct)

Footnotes (3)

F1. Due to an inadvertent administrative error, the Reporting Person's August 6, 2026 award was under-reported by 50,469 shares. This Amendment corrects the error.
F2. The option vests in three equal annual installments beginning on December 16, 2025.
F3. Each performance right represents a contingent right to receive one share of LEE common stock. The performance rights vest on the expiration date and upon the satisfaction of certain performance criteria of LEE's common stock.

Key Figures

Performance rights grant 2026-08-06: 158,228 performance rights Common stock following 2026 award: 194,165 shares Under-reported prior award correction: 50,469 shares +3 more

6 metrics

Performance rights grant 2026-08-06 158,228 performance rights Each right represents a contingent right to receive one share of common stock; vests 2029-09-30

Common stock following 2026 award 194,165 shares Direct common stock holdings after August 6, 2026 acquisition entry

Under-reported prior award correction 50,469 shares Amount by which the August 6, 2026 award was previously under-reported

Employee stock option size 5,946 shares Option granted March 11, 2025 for common stock

Employee stock option exercise price $16.36 per share Exercise price for the 5,946-share option granted March 11, 2025

Performance rights grant 2025-03-11 7,273 performance rights Rights vest on 2027-09-26 subject to performance criteria

Key Terms

Performance rights, Employee Stock Option (Right to Buy), contingent right, exercise price

4 terms

Performance rights financial

"Each performance right represents a contingent right to receive one share"

Performance rights are conditional awards that give employees or executives the promise of receiving company shares or cash only if the business meets specific targets or survives for a set period. They work like a bonus you only get when certain goals are hit, so they matter to investors because they can increase the number of shares outstanding (dilution), signal management’s incentives and confidence in future results, and affect per-share earnings and valuation.

Employee Stock Option (Right to Buy) financial

"Employee Stock Option (Right to Buy) with a $16.36 exercise price"

contingent right financial

"Each performance right represents a contingent right to receive one share"

exercise price financial

"The option vests in three equal annual installments beginning on December 16, 2025."

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity awards did LEE (LEE) grant to CEO Nathan E. Bekke on August 6, 2026?

On August 6, 2026, Nathan E. Bekke received 158,228 performance rights, each representing one share of LEE common stock. A related 158,228-share common stock entry corrects an earlier award that had been under-reported by 50,469 shares.

What correction does this amended Form 4/A for LEE (LEE) disclose?

The amendment states that Bekke’s August 6, 2026 award was under-reported by 50,469 shares. The updated entry for 158,228 shares of common stock corrects that administrative error in the prior reporting of the award.

What stock options did LEE (LEE) grant to its CEO on March 11, 2025?

On March 11, 2025, Bekke was granted an employee stock option for 5,946 shares of LEE common stock with a $16.36 per-share exercise price. The option vests in three equal annual installments starting December 16, 2025.

How do the performance rights granted by LEE (LEE) to its CEO vest?

Each performance right represents a contingent right to one share of LEE common stock. The rights vest on their stated expiration dates, subject to satisfaction of specified performance criteria tied to LEE’s common stock.

What are Nathan E. Bekke’s direct LEE (LEE) common stock holdings after the 2026 award?

Following the August 6, 2026 acquisition entry, Bekke directly holds 194,165 shares of LEE common stock. This figure reflects his position after the corrected award reporting in the amended Form 4/A.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 08/11/2026 - 06:16 PM Accepted by SEC EDGAR 08/11/2026 - 06:15 PM

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BEKKE NATHAN E.

(Last)

(First)

(Middle)

C/O LEE ENTERPRISES, INCORPORATED

4600 E. 53RD STREET

(Street)

DAVENPORT

IOWA

52807

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/10/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/06/2026		A		158,228⁽¹⁾	A	$0	194,165	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$16.36	03/11/2025		A		5,946		⁽²⁾	12/15/2034	Common Stock	5,946	$0	5,946	D
Performance Rights	⁽³⁾	03/11/2025		A		7,273		⁽³⁾	09/26/2027	Common Stock	7,273	$0	7,273	D
Performance Rights	⁽³⁾	08/06/2026		A		158,228		⁽³⁾	09/30/2029	Common Stock	158,228	$0	158,228	D

Explanation of Responses:

1. Due to an inadvertent administrative error, the Reporting Person's August 6, 2026 award was under-reported by 50,469 shares. This Amendment corrects the error.

2. The option vests in three equal annual installments beginning on December 16, 2025.

3. Each performance right represents a contingent right to receive one share of LEE common stock. The performance rights vest on the expiration date and upon the satisfaction of certain performance criteria of LEE's common stock.

	/s/Timothy B. Gulbranson, Limited POA, Attorney-in-Fact	08/11/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR