Sonic Automotive president sells 50,000 shares
Sonic Automotive President Jeff Dyke reported open‑market sales of 50,000 shares of Class A common stock under a pre‑established Rule 10b5‑1 trading plan.
Rhea-AI Filing Summary
Sonic Automotive President Jeff Dyke reported open‑market sales of 50,000 shares of Class A common stock under a pre‑established Rule 10b5‑1 trading plan. On June 9, 2026, he sold 14,886 shares at a weighted average price of $85.1339 per share. On June 10, 2026, he sold 35,114 shares at a weighted average price of $85.2207 per share. Following these transactions, he holds 543,668 shares directly and 111,622 shares indirectly through Ash & Erin, LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 50,000 shares
Net Sell
3 txns
Insider
DYKE JEFF
Role
President
Sold
50,000 shs ($4.26M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 35,114 | $85.2207 | $2.99M |
| Sale | Class A Common Stock | 14,886 | $85.1339 | $1.27M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 543,668 shares (Direct);
Class A Common Stock — 111,622 shares (Indirect, by Ash & Erin, LLC)
Footnotes (4)
- F1. Shares sold pursuant to pre-established 10b5-1 Trading Plan.
- F2. This transaction was executed in multiple trades at prices ranging from $85.00 per share to $85.55 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.
- F3. This transaction was executed in multiple trades at prices ranging from $85.00 per share to $85.82 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.
- F4. 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
Total shares sold: 50,000 shares
June 9, 2026 sale: 14,886 shares at $85.1339/share
June 10, 2026 sale: 35,114 shares at $85.2207/share
+2 more
5 metrics
Total shares sold
50,000 shares
Net open-market sales reported in Form 4
June 9, 2026 sale
14,886 shares at $85.1339/share
Open-market sale of Class A common stock
June 10, 2026 sale
35,114 shares at $85.2207/share
Open-market sale of Class A common stock
Direct holdings after sales
543,668 shares
Class A common stock held directly by Jeff Dyke
Indirect LLC holdings
111,622 shares
Held indirectly through Ash & Erin, LLC
Key Terms
Rule 10b5-1 Trading Plan, weighted average sales price, open-market sale, beneficial ownership, +1 more
5 terms
Rule 10b5-1 Trading Plan regulatory
"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."
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
beneficial ownership regulatory
"The reporting person disclaims beneficial ownership of such shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sonic Automotive (SAH) President Jeff Dyke report in this Form 4?
Jeff Dyke reported open-market sales of Sonic Automotive Class A common stock totaling 50,000 shares. These transactions were executed under a pre-established Rule 10b5-1 trading plan and reflect routine portfolio activity rather than newly granted or exercised derivative awards.
Were Jeff Dyke’s Sonic Automotive (SAH) stock sales made under a Rule 10b5-1 plan?
Yes, the Form 4 footnotes state that the shares were sold pursuant to a pre-established Rule 10b5-1 trading plan. Such plans prearrange trade timing and size, which can reduce the significance of transaction timing as a signal of management’s current outlook.
What is the significance of the Ash & Erin, LLC holding in the Sonic Automotive (SAH) Form 4?
The Form 4 reports 111,622 Sonic Automotive Class A shares held indirectly through Ash & Erin, LLC. A footnote explains that Jeff Dyke disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest in the entity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
