Sinclair director proposes sale of 298,808 shares
Sinclair, Inc. director Frederick Smith reported a proposed sale of 298,808 Class A shares, with an aggregate market value of $3,845,658.96, through Merrill Lynch; the approximate sale date is September 24, 2026.
Rhea-AI Filing Summary
Sinclair, Inc. director Frederick Smith reported a proposed sale of 298,808 Class A shares, with an aggregate market value of $3,845,658.96, through Merrill Lynch; the approximate sale date is September 24, 2026. The notice also lists 1,192 Sinclair shares sold during the preceding three months on September 21, 2026, for $15,839.87.
Positive
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Negative
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Key Figures
Proposed Class A shares: 298,808 shares
Aggregate market value of proposed sale: $3,845,658.96
Shares sold in preceding three months: 1,192 shares
+2 more
5 metrics
Proposed Class A shares
298,808 shares
Approximate sale date September 24, 2026
Aggregate market value of proposed sale
$3,845,658.96
Proposed Class A share sale
Shares sold in preceding three months
1,192 shares
September 21, 2026
Value of shares sold in preceding three months
$15,839.87
September 21, 2026
Founders' shares
7,250,000 shares
Originally Class B, converted into Class A; June 6, 1995
Key Terms
Rule 144, Founders Shares, Class B
3 terms
Rule 144 regulatory
"definition of "person" in paragraph (a) of Rule 144"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Class B financial
"Originally Class B, converted into Class A"
A Class B designation usually identifies a specific type of share or ownership stake that differs from other classes (like Class A) in voting power, dividend rights, or transfer rules. For investors it matters because those differences affect control and how profits are shared—like two types of ticket holders at an event where one gets louder voting power or priority access, which can change a stock’s value and influence.
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