Lee Enterprises (LEE) director buys 43K shares in open market

Filing Impact

(Moderate)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

LEE ENTERPRISES, Inc director and ten percent owner David Henry Hoffmann reported open-market purchases of a total of 43,325 shares of Common Stock. The buys occurred on June 4, 5, and 8, 2026 at prices between $10.85 and $11.08 per share.

Following these transactions, Hoffmann directly holds 11,517,242 shares of Lee Enterprises common stock. He also has indirect ownership of 618,900 shares held by a trust. One of the reported trades was executed in multiple lots at a weighted average purchase price.

Insider Trade Summary

Net Buyer: 43,325 shares ($474,332)

Net Buy 4 txns

Insider Hoffmann David Henry

Role null

Bought 43,325 shs ($474K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	6,925	$10.86	$75K
Purchase	Common Stock	18,200	$10.85	$197K
Purchase	Common Stock	18,200	$11.08	$202K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 11,517,242 shares (Direct, null); Common Stock — 618,900 shares (Indirect, By Trust)

Footnotes (1)

[object Object]

Key Figures

Total shares purchased: 43,325 shares Purchase price June 8, 2026: $10.86 per share Purchase price June 5, 2026: $10.85 per share +3 more

6 metrics

Total shares purchased 43,325 shares Open-market buys on June 4–8, 2026

Purchase price June 8, 2026 $10.86 per share Open-market purchase of 6,925 shares

Purchase price June 5, 2026 $10.85 per share Open-market purchase of 18,200 shares

Purchase price June 4, 2026 $11.08 per share Open-market purchase of 18,200 shares

Direct holdings after trades 11,517,242 shares Lee Enterprises common stock held directly

Indirect holdings by trust 618,900 shares Lee Enterprises common stock held indirectly by trust

Key Terms

open-market purchase, ten percent owner, weighted average purchase price, indirect ownership

4 terms

open-market purchase financial

"transaction_action: "open-market purchase" for multiple Common Stock entries"

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.

ten percent owner financial

"reporting person is marked as "is_ten_percent_owner": 1"

weighted average purchase price financial

"footnote states the price 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.

indirect ownership financial

"entry lists ownership_type "indirect" with nature_of_ownership "By Trust""

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Form 4 Insider Transactions: What Each Field Means →

06/08/2026 - 04:50 PM

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)
06/04/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/04/2026		P		18,200	A	$11.08	11,492,117⁽¹⁾	D
Common Stock	06/05/2026		P		18,200	A	$10.85	11,510,317⁽¹⁾	D
Common Stock	06/08/2026		P		6,925	A	$10.86	11,517,242⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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	06/08/2026
	/s/ Patricia Garinger-Strickland, Limited POA, Attorney-in-Fact for The Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001	06/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider trading activity was reported at Lee Enterprises (LEE)?

Director and ten percent owner David Henry Hoffmann reported buying 43,325 Lee Enterprises common shares in open-market transactions on June 4, 5, and 8, 2026, at prices around $10.85–$11.08 per share, increasing his total reported holdings.

How many Lee Enterprises (LEE) shares does David Henry Hoffmann now own?

After the reported June 2026 purchases, David Henry Hoffmann directly holds 11,517,242 Lee Enterprises common shares. He also has indirect ownership of 618,900 additional shares held by a trust, according to the Form 4 filing details.

At what prices did David Henry Hoffmann buy Lee Enterprises (LEE) stock?

Hoffmann’s open-market purchases of Lee Enterprises common stock occurred at weighted average prices of $10.85, $10.86, and $11.08 per share across three trading days in June 2026, reflecting incremental accumulation near those price levels.

Over which dates did the Lee Enterprises (LEE) insider purchases occur?

The Form 4 shows Hoffmann’s open-market purchases on June 4, June 5, and June 8, 2026. These consecutive trading days indicate a short buying window during which he accumulated a combined 43,325 additional Lee Enterprises common shares.

What portion of Hoffmann’s Lee Enterprises (LEE) holdings are indirect?

In addition to his direct holdings, the filing reports 618,900 Lee Enterprises common shares held indirectly “By Trust.” This indicates a separate ownership structure, while his directly held position stands at 11,517,242 shares after the latest purchases.