PAG insider sale: 1,604 shares sold; 1,529 shares remain indirectly held

Rhea-AI Filing Summary

Penske Automotive Group director Lisa Ann Davis reported a sale of 1,604 shares of the company’s common stock at a weighted average price of $180.74 per share, executed in multiple trades. After the disposition, the reporting person is shown as beneficially owning 1,529 shares indirectly through a trust; the filing notes that 1,529 of those shares were previously held directly. The report includes an explanation that the reported sale price is a weighted average of trades ranging from $180.735 to $180.77 and offers to provide full trade-level details upon request.

Insights

Corporate Governance Expert

TL;DR: A corporate director executed a small, rule-compliant sale and retains indirect beneficial ownership through a trust.

The transaction is a routine Section 16 disclosure of insider trading activity. The sale was reported with a weighted average price and the filer affirms readiness to provide trade-level details, which is standard practice to satisfy disclosure transparency. The conversion of directly held shares to indirect trust holdings is noted, and the filing identifies no unusual amendments or corrective disclosures. From a governance standpoint, this is a normal monetization of shares rather than a corporate governance event.

Securities Analyst

TL;DR: Insider sold a modest number of shares at about $180.74 each; ownership post-sale remains small and indirect.

The sale of 1,604 shares at a weighted average of $180.74 represents a limited volume relative to company float and does not materially change insider ownership. The filing clarifies that the price range spanned $180.735–$180.77 and that 1,529 shares now held indirectly were previously held directly, indicating an internal ownership structure change to a trust. There are no derivative transactions reported and no corrective language indicating prior misreporting.

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^*

Davis Lisa Ann

(Last) (First) (Middle)

2555 TELEGRAPH RD.

(Street)

BLOOMFIELD HILLS MI 48302

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PENSKE AUTOMOTIVE GROUP, INC. [ PAG ]

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)
08/18/2025

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
Common Stock	08/18/2025		S		1,604	D	$180.74(1)	1,529(2)	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. The transaction was executed in multiple trade prices ranging from $180.735 to $180.77. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

2. 1,529 of the shares indirectly held were previously held directly.

Remarks:

	/s/ Shane M. Spradlin, by power of attorney	08/20/2025
	** 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.
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 transaction did Lisa Ann Davis report on the Form 4 for PAG?

The filing reports a sale of 1,604 shares of Penske Automotive Group common stock with a weighted average sale price of $180.74 per share.

How many PAG shares does the reporting person beneficially own after the reported transaction?

After the reported sale, the filing shows 1,529 shares beneficially owned indirectly through a trust.

What price range did the reported PAG trades occur at?

The filing discloses the trades ranged from $180.735 to $180.77 and the reported price is the weighted average.

Did the Form 4 report any derivative transactions for PAG?

No. The filing contains no entries in Table II; only a non-derivative common stock sale is reported in Table I.

Does the filing indicate any corrective or amended information?

No amendment or corrective disclosure is indicated; the form is presented as the reporting document for the transaction.