Sinclair director Robert E. Smith sells 200K shares
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Rhea-AI Filing Summary
Sinclair, Inc. (SBGI) director and ten percent owner Robert E. Smith converted 85,192 Class B shares into 85,192 Class A shares on November 6, 2026, one-for-one and for no additional consideration. He reported five direct Class A sales totaling 200,000 shares that day: 50,000 at $13.6575, 50,000 at $13.6517, 14,808 at $13.5919, 35,192 at $13.6240, and 50,000 at $13.6343 per share. His reported direct Class B position after conversion was 5,973,162 shares; after all transactions, his direct Class A position was 0. No Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1, F2, F3, F5 | 85,192 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F3, F4, F5 | 85,192 | $0.00 | $0.00 |
| Sale | Class A Common Stock F3, F5 | 50,000 | $13.6575 | $683K |
| Sale | Class A Common Stock F3, F5 | 50,000 | $13.6517 | $683K |
| Sale | Class A Common Stock F3, F5 | 14,808 | $13.5919 | $201K |
| Sale | Class A Common Stock F3, F5 | 35,192 | $13.624 | $479K |
| Sale | Class A Common Stock F3, F5 | 50,000 | $13.6343 | $682K |
Footnotes (5)
- F1. Represents the voluntary conversion of 85,192 shares of Class B Common Stock into 85,192 shares of Class A Common Stock on a one-for-one basis pursuant to the Issuer's governing documents. No additional consideration was paid in connection with the conversion.
- F2. The Class B Common Stock is convertible at the Reporting Person's election and has no expiration date.
- F3. The Reporting Person also owns 1,070.602952 shares of Class A Common Stock held in a 401(k) unitized stock fund. The Reporting Person also indirectly owns (i) 121,750 shares of Class B Common Stock held in an irrevocable trust f/b/o family members; and (ii) 4,000 shares of Class A Common Stock in accounts held by or with members of the Reporting Person's immediate family.
- F4. Prior to giving effect to all of the transactions reported on this Form 4, the Reporting Person also directly owned 114,808 shares of Class A Common Stock.
- F5. After giving effect to all of the transactions reported on this Form 4, the Reporting Person shall own 0 shares of Class A Common Stock.
Key Figures
Key Terms
one-for-one basis technical
Rule 10b5-1 plan regulatory
unitized stock fund financial
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