Lee Enterprises director granted 7,678 shares

Fletcher Steven C. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Fletcher Steven C. reported acquisition or exercise transactions in this Form 4 filing.

LEE ENTERPRISES, Inc director Steven C. Fletcher received a grant of 7,678 shares of Common Stock, increasing his direct holdings to 33,404 shares. The grant was recorded at a price of $0.00 per share, indicating a compensation-related award rather than a market purchase. In addition, 8,000 shares are reported as held indirectly through the Fletcher Family Trust.

Insights

Equity compensation analyst

Director received a routine stock grant, increasing his equity stake.

Director Steven C. Fletcher was granted 7,678 shares of LEE ENTERPRISES, Inc Common Stock at $0.00 per share. This is coded as a grant or award, indicating standard equity compensation rather than an open-market trade.

Following the grant, his direct holdings total 33,404 shares, with a further 8,000 shares reported as indirectly held by the Fletcher Family Trust. With no derivative positions disclosed, the filing mainly updates his equity stake and does not represent a market buy or sell decision.

Insider Trade Summary

Grant/Award: 7,678 shares

Grant/Award 2 txns

Insider Fletcher Steven C.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	7,678	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 33,404 shares (Direct); Common Stock — 8,000 shares (Indirect, By Fletcher Family Trust)

Key Figures

Stock grant: 7,678 shares Direct holdings after grant: 33,404 shares Indirect holdings: 8,000 shares +2 more

5 metrics

Stock grant 7,678 shares Common Stock grant at $0.00 per share on 2026-06-01

Direct holdings after grant 33,404 shares Common Stock directly owned by Steven C. Fletcher

Indirect holdings 8,000 shares Common Stock held indirectly by Fletcher Family Trust

Grant price $0.00 per share Price for 7,678-share Common Stock grant

Acquire transactions 1 transaction Grant, award, or other acquisition in transaction summary

Key Terms

Grant, award, or other acquisition, Common Stock, indirect, Fletcher Family Trust

4 terms

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Common Stock financial

""security_title": "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 financial

""ownership_type": "indirect""

Fletcher Family Trust financial

""nature_of_ownership": "By Fletcher Family Trust""

FAQ

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

What did Steven C. Fletcher report in this Form 4 for LEE?

Steven C. Fletcher reported receiving a grant of 7,678 shares of Lee Enterprises Common Stock at $0.00 per share. This award raised his direct holdings to 33,404 shares, reflecting equity compensation rather than an open-market purchase or sale.

How many Lee Enterprises shares does Steven C. Fletcher now hold directly?

After the reported grant, Steven C. Fletcher directly holds 33,404 shares of Lee Enterprises Common Stock. This total includes the 7,678 shares received as a grant at $0.00 per share, as disclosed in the Form 4 insider filing.

Does Steven C. Fletcher have any indirect ownership in Lee Enterprises shares?

Yes. The filing shows 8,000 Lee Enterprises Common Stock shares held indirectly by the Fletcher Family Trust. This indirect ownership is separate from Fletcher’s 33,404 directly held shares and is reported with an indirect ownership code in the filing.

Was the 7,678-share transaction in Lee Enterprises an open-market trade?

No. The 7,678-share transaction is coded as a grant, award, or other acquisition at $0.00 per share. This indicates equity compensation, not an open-market purchase or sale, and therefore carries different informational implications for trading sentiment.

Are there any derivative securities reported for Steven C. Fletcher in this filing?

No derivative securities are reported for Steven C. Fletcher in this Form 4. The derivative summary is empty, indicating the filing only covers non-derivative Common Stock holdings and the new 7,678-share grant, plus indirect trust-held shares.

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

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Accepted by SEC EDGAR 06/03/2026 - 01:54 PM Learn about SEC filing dates

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^*

Fletcher Steven C.

(Last) (First) (Middle)

C/O LEE ENTERPRISES, INCORPORATED

4600 EAST 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		7,678	A	$0	33,404	D
Common Stock								8,000	I	By Fletcher Family 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)