[Form 4] New York Times Co. Insider Trading Activity

Rhea-AI Filing Summary

Director Arthur S. Golden filed a Form 4 for The New York Times Company (NYT) covering a routine dividend-equivalent adjustment dated 24 Jul 2025. He received 67 Class A RSUs at a deemed price of $0, reflecting cash dividends on previously awarded RSUs under the 2020 Incentive Compensation Plan. These dividend-equivalent RSUs are fully vested when linked to vested awards; otherwise, they vest on the next annual meeting date.

Following the transaction Golden directly owns 20,398 Class A shares. Indirectly, he continues to hold 1.4 million shares through a trust, 69,518 shares via his spouse (as trustee), and 42,073 shares via another trust. No shares were sold, and no derivatives were exercised or disposed of.

The filing represents a de minimis ownership increase (0.003% of his total reported holdings) and does not indicate any change in strategy or outlook for NYT. No financial performance data, guidance, or corporate events are disclosed.

Insights

Financial Analyst

TL;DR: Routine 67-share dividend RSU credit; negligible ownership change, neutral signal.

The Form 4 records an automatic dividend-equivalent RSU grant, standard for NYT’s equity plan. The 67 added shares are immaterial versus Golden’s 1.53 million total holdings and NYT’s 166 million shares outstanding. No buying with personal capital, no sale, and no option activity mean the filing carries no directional insight into insider sentiment. Investors typically ignore such nominal, non-cash adjustments. Therefore, the disclosure is non-impactful on valuation or liquidity considerations.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

GOLDEN ARTHUR S.

(Last) (First) (Middle)

THE NEW YORK TIMES COMPANY

620 EIGHTH AVENUE

(Street)

NEW YORK NY 10018

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NEW YORK TIMES CO [ NYT.A ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

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
Class A Common Stock(1)	07/24/2025		A		67	A	$0	20,398	D
Class A Common Stock								1,400,000	I	By trust.
Class A Common Stock								69,518	I	By spouse as trustee.
Class A Common Stock								42,073	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. Restricted stock units ("RSUs") acquired in respect of previously reported RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan in connection with, and with a value equal to, cash dividends paid on The New York Times Company's Class A Common Stock ("Dividend Equivalent RSUs"). Dividend Equivalent RSUs granted in respect of vested RSUs are fully vested at grant. Dividend Equivalent RSUs granted in respect of unvested RSUs will vest on the date that such unvested RSUs vest, which is the date of the Company's first annual meeting following the initial grant.

Remarks:

	/s/ Scott Warren Goodman, as Attorney-in-fact for Arthur S. Golden	07/28/2025
	** 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.
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FAQ

What did NYT director Arthur S. Golden report in the Form 4 filed on 28 Jul 2025?

He acquired 67 dividend-equivalent RSUs on 24 Jul 2025 with no cash paid.

How many NYT shares does Arthur S. Golden now own directly and indirectly?

Direct: 20,398 shares; Indirect via trusts/spouse: ~1.51 million shares.

Was any NYT stock sold or options exercised in this filing?

No. The filing only shows an automatic RSU accrual; no sales or option exercises occurred.

Does the transaction indicate a change in insider sentiment toward NYT?

Unlikely; the small, automatic RSU credit is routine and not a discretionary purchase.