Director at Sinclair (NASDAQ: SBGI) sells 31,500 Class A shares
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Sinclair, Inc. director Benson E. Legg reported an open-market sale of 31,500 shares of Class A Common Stock on May 4, 2026. The shares were sold at a weighted average price of $14.60 per share. After this transaction, he directly holds 39,665 shares, so he retains a meaningful equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 31,500 shares ($459,900)
Net Sell
1 txn
Insider
Legg Benson E
Role
null
Sold
31,500 shs ($460K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 31,500 | $14.60 | $460K |
Holdings After Transaction:
Class A Common Stock — 39,665 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 31,500 shares
Sale price: $14.60 per share
Shares remaining: 39,665 shares
+1 more
4 metrics
Shares sold
31,500 shares
Class A Common Stock sold on May 4, 2026
Sale price
$14.60 per share
Weighted average sale price for the transaction
Shares remaining
39,665 shares
Directly owned after the reported sale
Net shares sold
31,500 shares
Net sell volume in transaction summary
Key Terms
open-market sale, Class A Common Stock, weighted average, transaction code "S"
4 terms
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.
Class A Common Stock financial
"security_title": "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.
weighted average financial
"The purchase price is a weighted average for the purchase reported."
A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.
transaction code "S" regulatory
"transaction_code": "S""
FAQ
What insider transaction did Sinclair (SBGI) report for Benson E. Legg?
Sinclair, Inc. reported that director Benson E. Legg sold 31,500 shares of Class A Common Stock in an open-market transaction. The filing shows this sale occurred on May 4, 2026 at a weighted average price of $14.60 per share.
Was the Sinclair (SBGI) insider trade a buy or a sell?
The Form 4/A identifies the transaction as an open-market sale. It uses transaction code “S” and a transaction_direction of “sell,” indicating Benson E. Legg reduced his directly held Sinclair Class A share position by 31,500 shares.
Did the Sinclair (SBGI) Form 4/A involve derivative securities?
No, the reported transaction involves only non-derivative Class A Common Stock. The derivative summary section in the data is empty, indicating no options, warrants, or other derivative securities are reported in this particular Form 4/A filing.