Insider David Hoffmann adds to Lee Enterprises (LEE) share stake

Rhea-AI Filing Summary

LEE ENTERPRISES, Inc director and more than 10% owner David Henry Hoffmann reported open-market purchases of the company’s common stock. On February 13, 17, and 18, 2026, he bought a total of 27,299 shares at prices around $7.10–$7.17 per share.

Following these transactions, Hoffmann directly owned 10,936,739 shares of common stock. A separate line also shows 618,900 shares held indirectly by a trust as of February 13.

Insider Trade Summary

Net Buyer: 27,299 shares ($194,992)

Net Buy 4 txns

Insider Hoffmann David Henry

Role Director, 10% Owner

Bought 27,299 shs ($195K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	10,600	$7.17	$76K
Purchase	Common Stock	10,600	$7.10	$75K
Purchase	Common Stock	6,099	$7.17	$44K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 10,936,739 shares (Direct); Common Stock — 618,900 shares (Indirect, By Trust)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Hoffmann David Henry

(Last) (First) (Middle)

C/O LEE ENTERPRISES, INCORPORATED

4600 E. 53RD STREET

(Street)

DAVENPORT IA 52807

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

4. 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 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/13/2026		P		6,099	A	$7.17	10,915,539(1)	D
Common Stock	02/17/2026		P		10,600	A	$7.1	10,926,139(1)	D
Common Stock	02/18/2026		P		10,600	A	$7.17	10,936,739(1)	D
Common Stock								618,900	I	By Trust

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was executed in multiple trades and the price reported reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the issuer, or security holder of the issuer, full information regarding the number of shares and prices at which the transaction as effected.

	/s/Timothy B. Gulbranson, Limited POA, Attorney-in-Fact for David H. Hoffmann	02/18/2026
	/s/ Patricia Garinger-Strickland, Limited POA, Attorney-in-Fact for The Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001	02/18/2026
	** 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.

FAQ

What insider transaction did David Henry Hoffmann report for LEE?

Hoffmann reported buying 27,299 shares of LEE common stock in open-market purchases. These trades occurred on February 13, 17, and 18, 2026 at prices between about $7.10 and $7.17 per share, increasing his already significant ownership stake.

On what dates did the LEE insider purchases by Hoffmann take place?

The reported insider purchases took place on February 13, 17, and 18, 2026. Each date involved an open-market transaction in LEE common stock, with share counts ranging from 6,099 to 10,600 and prices just above $7 per share.

How many LEE shares did Hoffmann own after these Form 4 transactions?

After the February 18, 2026 transaction, Hoffmann directly held 10,936,739 shares of LEE common stock. The filing also lists 618,900 additional shares held indirectly by a trust as of February 13, reflecting both direct and trust-related interests.

What prices did Hoffmann pay for his recent LEE share purchases?

Hoffmann’s reported open-market LEE purchases were executed at prices of $7.10 and $7.17 per share. Each transaction involved 6,099 or 10,600 shares, and one trade’s price is disclosed as a weighted average, reflecting multiple executions on that date.

Is there any indication of indirect ownership in Hoffmann’s LEE filing?

Yes. In addition to his direct holdings, the Form 4 shows 618,900 LEE shares held indirectly "By Trust" as of February 13, 2026. This indicates part of his reported beneficial ownership is through a trust structure rather than held personally.

What does the Form 4 say about how one LEE trade price was calculated?

A footnote explains that one reported purchase price is a weighted average for multiple trades. Hoffmann undertakes to provide full details of individual trade prices and share amounts upon request to the SEC staff, the issuer, or any security holder.