Sinclair corrects Smith's share receipt to Sept. 30
A director's beneficial ownership changed from indirect to direct without changing his pecuniary interest.
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Rhea-AI Filing Summary
Sinclair, Inc. (SBGI) Vice President, director and ten-percent owner Frederick G. Smith received 48,000 Class A shares from each of three irrevocable trusts on September 30, 2026, as in-kind distributions satisfying annuity payments. The distributions changed his beneficial ownership from indirect to direct without changing his pecuniary interest.
The amendment corrects the prior footnote’s receipt date from September 23 to September 30, 2026, and clarifies that it applies to all three trust distributions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock F1, F2, F3, F4, F5 | 48,000 | $12.76 | $612K |
| Other | Class A Common Stock F1, F2, F3, F4 | 48,000 | $12.76 | $612K |
| Other | Class A Common Stock F1, F2, F3, F4, F5 | 48,000 | $12.76 | $612K |
| Other | Class A Common Stock F1, F2, F3, F4 | 48,000 | $12.76 | $612K |
| Other | Class A Common Stock F1, F2, F3, F4, F5 | 48,000 | $12.76 | $612K |
| Other | Class A Common Stock F1, F2, F3, F4 | 48,000 | $12.76 | $612K |
Footnotes (5)
- F1. Represents shares of Class A Common Stock received by the Reporting Person on September 30, 2026 as in-kind distributions from the Frederick G. Smith AFS 2025, Series I Irrevocable Trust, the Frederick G. Smith JRS 2025, Series I Irrevocable Trust, and the Frederick G. Smith EGS 2025, Series I Irrevocable Trust in satisfaction of annuity payments. The Reporting Person is the settlor and sole annuitant of each trust. The transactions effected only a change in the form of the Reporting Person's beneficial ownership, from indirect to direct, without changing the Reporting Person's pecuniary interest.
- F2. Reflects the closing price on September 29, 2026, the trading day immediately preceding the date of distribution, which was used to value the shares distributed and determine the number of shares required to satisfy the annuity payment.
- F3. Upon the consummation of all of the transactions contemplated by this filing, the Reporting Person shall own 333,000 shares of Class A Common Stock.
- F4. The Reporting person also directly owns 3,000,000 shares of Class B Common Stock, and he owns 17,819.116512 shares of Class A Common Stock held in a 401(k) unitized stock fund.
- F5. The Reporting Person has the right to substitute the corpus of the trust.
Key Figures
Key Terms
in-kind distributions financial
annuity payments financial
pecuniary interest financial
beneficial ownership regulatory
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