Lee Enterprises (NASDAQ: LEE) director reports 6,112-share stock grant via trust

Rhea-AI Filing Summary

LEE ENTERPRISES, Inc director Ronald J. Kruszewski reported an indirect acquisition of common stock through a trust. A Kruszewski Revocable Trust received 6,112 shares of Lee common stock as a grant or award at a stated price of $0.00 per share. A separate entry reports that a Stifel Corporation Trust indirectly holds 615,385 shares of Lee common stock, reflecting an existing position rather than a new trade.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider KRUSZEWSKI RONALD J

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	6,112	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 6,112 shares (Indirect, By Kruszewski Revocable Trust)

Footnotes (1)

Key Figures

Grant/Award Shares: 6,112 shares Grant Price: $0.00 per share Trust Holding: 615,385 shares

3 metrics

Grant/Award Shares 6,112 shares Indirect grant or award to Kruszewski Revocable Trust

Grant Price $0.00 per share Reported price for 6,112-share grant

Trust Holding 615,385 shares Common stock held by Stifel Corporation Trust

Key Terms

grant, award, or other acquisition, Common Stock, indirect ownership, Revocable Trust

4 terms

grant, award, or other acquisition financial

"The transaction is described as a grant, award, or other acquisition."

Common Stock financial

"Both reported positions involve Lee Enterprises Common Stock."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

indirect ownership financial

"The filing classifies both positions as indirect ownership through trusts."

Revocable Trust financial

"Shares are held indirectly by the Kruszewski Revocable Trust."

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

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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^*

KRUSZEWSKI RONALD J

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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)

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	06/01/2026		A		6,112	A	$0	6,112	I	By Kruszewski Revocable Trust
Common Stock								615,385	I	By Stifel Corporation 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:

	/s/ Timothy B. Gulbranson, Limited POA, Attorney-in-Fact	06/03/2026
	** 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)

FAQ

What insider transaction did Ronald J. Kruszewski report for LEE?

Ronald J. Kruszewski reported an indirect acquisition of 6,112 shares of LEE common stock. The shares were received by the Kruszewski Revocable Trust as a grant or award, rather than through an open-market purchase or sale transaction.

How many LEE shares did the Kruszewski Revocable Trust receive?

The Kruszewski Revocable Trust received 6,112 shares of Lee Enterprises common stock. The filing characterizes this as a grant, award, or other acquisition, with a reported price per share of $0.00, indicating a compensation-related award.

Are Ronald J. Kruszewski’s LEE holdings direct or through entities?

The reported holdings are indirect through trusts. One transaction shows 6,112 shares held by the Kruszewski Revocable Trust, and another entry reports 615,385 shares of Lee common stock held by a Stifel Corporation Trust.

Did the Form 4 show any open-market buys or sells of LEE stock?

The Form 4 does not show any open-market buys or sells of Lee Enterprises stock. It reports an indirect grant or award of 6,112 shares to a trust and a separate holding entry for 615,385 shares held by another trust.

How many LEE shares does the Stifel Corporation Trust hold?

The Stifel Corporation Trust is reported as indirectly holding 615,385 shares of Lee Enterprises common stock. This entry is classified as a holding, indicating an existing position following the reported date, not a newly executed transaction.