Planned sale: Sonic Automotive (NYSE: SAH) entity sells 50,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonic Automotive President Jeff Dyke reported an open-market sale of Class A Common Stock by an entity associated with him. Ash & Erin, LLC sold 50,000 shares at a weighted average price of $82.9667 per share, in trades ranging from $80.50 to $83.885. The sale was made under a pre-established Rule 10b5-1 trading plan, indicating it was pre-scheduled rather than discretionary.
After this transaction, Ash & Erin, LLC held 111,622 shares indirectly, while Dyke also held 593,668 shares directly. He disclaims beneficial ownership of the LLC-held shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 50,000 shares ($4,148,335)
Net Sell
2 txns
Insider
DYKE JEFF
Role
President
Sold
50,000 shs ($4.15M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 50,000 | $82.9667 | $4.15M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 111,622 shares (Indirect, by Ash & Erin, LLC);
Class A Common Stock — 593,668 shares (Direct, null)
Footnotes (1)
- Shares sold pursuant to pre-established 10b5-1 Trading Plan. This transaction was executed in multiple trades at prices ranging from $80.50 per share to $83.885 per share. The price reported reflects the weighted average sales 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 purchased at each separate price within the range set forth in this footnote. The reporting person disclaims beneficial ownership of such shares of Sonic Automotive, Inc.'s Class A Common Stock, except to the extent of his pecuniary interest therein.
Key Figures
Shares sold: 50,000 shares
Weighted average sale price: $82.9667 per share
Post-sale indirect holdings: 111,622 shares
+2 more
5 metrics
Shares sold
50,000 shares
Class A Common Stock sold by Ash & Erin, LLC
Weighted average sale price
$82.9667 per share
Open-market sale on 2026-06-08
Post-sale indirect holdings
111,622 shares
Class A Common Stock held by Ash & Erin, LLC
Direct holdings after filing
593,668 shares
Class A Common Stock held directly by Jeff Dyke
Trade price range
$80.50–$83.885 per share
Price range for multiple trades in the sale
Key Terms
Rule 10b5-1 Trading Plan, weighted average sales price, pecuniary interest, Class A Common Stock
4 terms
Rule 10b5-1 Trading Plan financial
"Shares sold pursuant to pre-established 10b5-1 Trading Plan."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sales price financial
"The price reported reflects the weighted average sales price."
pecuniary interest financial
"except to the extent of his pecuniary interest therein."
Class A Common Stock financial
"such shares of Sonic Automotive, Inc.'s Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Sonic Automotive (SAH) disclose?
Sonic Automotive reported an open-market sale of 50,000 shares of Class A Common Stock by Ash & Erin, LLC. This entity is associated with President Jeff Dyke and the sale was executed under a pre-established Rule 10b5-1 trading plan.
Was the Sonic Automotive (SAH) insider sale made under a 10b5-1 plan?
Yes. The filing states the 50,000-share sale was made pursuant to a pre-established Rule 10b5-1 trading plan. Such plans pre-schedule trades, which can make the timing less indicative of the insider’s current market view.