Lee Enterprises (LEE) insider adds 44,110 shares in open-market buys

Rhea-AI Filing Summary

LEE Enterprises director and 10% owner David Henry Hoffmann reported open-market purchases of a total of 44,110 shares of common stock over three days. He bought 15,200 shares on February 26, 2026 at $9.03 per share, 13,710 shares on February 25, 2026 at $8.64, and 15,200 shares on February 24, 2026 at $8.84, based on weighted average prices. After these transactions, his directly held stake increased to 11,017,249 shares, and a separate entry shows 618,900 shares held indirectly by a trust as of February 24, 2026.

Insider Trade Summary

Net Buyer: 44,110 shares ($390,078)

Net Buy 4 txns

Insider Hoffmann David Henry

Role Director, 10% Owner

Bought 44,110 shs ($390K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	15,200	$9.03	$137K
Purchase	Common Stock	13,710	$8.64	$118K
Purchase	Common Stock	15,200	$8.84	$134K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 11,017,249 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)
02/24/2026

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	02/24/2026		P		15,200	A	$8.84	10,988,339(1)	D
Common Stock	02/25/2026		P		13,710	A	$8.64	11,002,049(1)	D
Common Stock	02/26/2026		P		15,200	A	$9.03	11,017,249(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	02/26/2026
	/s/ Patricia Garinger-Strickland, Limited POA, Attorney-in-Fact for The Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001	02/26/2026
	** 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 transactions did LEE Enterprises director David Henry Hoffmann report?

David Henry Hoffmann reported buying 44,110 LEE Enterprises common shares in open-market transactions. The purchases occurred over three days in late February 2026 at prices between $8.64 and $9.03 per share, according to the Form 4 filing details.

On what dates did David Henry Hoffmann buy LEE (LEE) shares and at what prices?

He bought shares on February 24, 25, and 26, 2026. Reported weighted average purchase prices were $8.84 on February 24, $8.64 on February 25, and $9.03 on February 26, all for LEE Enterprises common stock in open-market transactions.

How many LEE Enterprises (LEE) shares did the insider purchase in total?

The insider purchased a total of 44,110 LEE Enterprises common shares. This comprised 15,200 shares on February 24, 13,710 shares on February 25, and another 15,200 shares on February 26, 2026, as disclosed in the Form 4 transaction summary.

What is David Henry Hoffmann’s direct ownership in LEE Enterprises after these trades?

Following the reported purchases, his direct ownership increased to 11,017,249 LEE Enterprises common shares. This figure is provided as the total number of shares beneficially owned directly after the latest open-market transaction on February 26, 2026.

Does David Henry Hoffmann hold any LEE (LEE) shares indirectly through a trust?

Yes, the filing shows 618,900 LEE Enterprises common shares held indirectly "By Trust." This indirect position is listed as of February 24, 2026, separate from his direct holdings, and is identified with an indirect ownership code in the Form 4.

What type of insider is David Henry Hoffmann at LEE Enterprises (LEE)?

He is identified as both a director and a ten percent owner of LEE Enterprises. Being a ten percent owner and board member classifies him as a significant insider, making his open-market transactions subject to Form 4 reporting requirements.