Hoffmann boosts LEE (NASDAQ: LEE) stake with open-market buys and share grant

Rhea-AI Filing Summary

LEE ENTERPRISES, Inc director and 10% owner David Henry Hoffmann increased his stake through recent common stock transactions. He made two open-market purchases of 18,200 shares each, buying shares at an average price of $10.58 on one day and $10.90 on another day, for a total of 36,400 purchased shares.

Hoffmann also received a grant or award of 13,368 common shares at a price of $0.00 per share. After these transactions, he directly holds 11,473,917 common shares and indirectly holds 618,900 shares through a trust. A footnote explains that one purchase was executed in multiple trades, and the reported price is a weighted average, with detailed trade information available upon request.

Insider Trade Summary

Net Buyer: 36,400 shares ($390,936)

Net Buy 4 txns

Insider Hoffmann David Henry

Role null

Bought 36,400 shs ($391K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	18,200	$10.58	$193K
Purchase	Common Stock	18,200	$10.90	$198K
Grant/Award	Common Stock	13,368	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 11,473,917 shares (Direct, null); Common Stock — 618,900 shares (Indirect, By Trust)

Footnotes (1)

1. [object Object]

Key Figures

Open-market purchase 1: 18,200 shares at $10.58 Open-market purchase 2: 18,200 shares at $10.90 Total open-market purchases: 36,400 shares +3 more

6 metrics

Open-market purchase 1 18,200 shares at $10.58 Common Stock buy transaction

Open-market purchase 2 18,200 shares at $10.90 Common Stock buy transaction

Total open-market purchases 36,400 shares Net-buy shares in transaction summary

Share grant 13,368 shares at $0.00 Grant/award acquisition of Common Stock

Direct holdings after trades 11,473,917 shares Total shares following transaction (direct)

Indirect holdings by trust 618,900 shares Indirect ownership by trust as of reported date

Key Terms

open-market purchase, grant/award acquisition, By Trust, weighted average purchase price

4 terms

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

By Trust financial

"nature_of_ownership": "By Trust""

weighted average purchase price financial

"the price reported reflects the weighted average purchase price"

The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.

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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 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	X	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		13,368	A	$0	11,437,517	D
Common Stock	06/02/2026		P		18,200	A	$10.9	11,455,717(1)	D
Common Stock	06/03/2026		P		18,200	A	$10.58	11,473,917(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	06/03/2026
	/s/ Patricia Garinger-Strickland, Limited POA, Attorney-in-Fact for The Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001	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 transactions did David Henry Hoffmann report for LEE?

David Henry Hoffmann reported two open-market purchases totaling 36,400 LEE common shares and a grant of 13,368 shares. These transactions increased his direct holdings to 11,473,917 shares, alongside 618,900 shares held indirectly through a trust.

How many LEE shares did David Henry Hoffmann buy in the open market?

He bought 36,400 LEE common shares in the open market, split into two purchases of 18,200 shares each. The reported weighted average prices were $10.58 per share on one date and $10.90 per share on another.

What was the price paid for the newly granted LEE shares?

The 13,368 LEE common shares received by David Henry Hoffmann were granted at $0.00 per share. This indicates a compensation-related award rather than a market purchase, consistent with a Form 4 grant or award acquisition entry.

How many LEE shares does David Henry Hoffmann own after these transactions?

After the reported transactions, David Henry Hoffmann directly owns 11,473,917 LEE common shares. In addition, 618,900 shares are held indirectly through a trust, giving him substantial overall exposure as both a director and 10% owner.

What does the Form 4 footnote say about the LEE share purchase prices?

The footnote explains one transaction was executed in multiple trades and the reported price is a weighted average purchase price. Hoffmann undertakes to provide full trade details, including share amounts and individual prices, to regulators or shareholders upon request.

How many net LEE shares did David Henry Hoffmann acquire in this Form 4?

The Form 4 shows a net acquisition of 36,400 LEE shares through open-market purchases, plus 13,368 shares from a grant. There were no reported sales, gifts, or tax-withholding dispositions in this particular filing.