Sinclair, Inc. Amended Insider Trading Activity
Sinclair, Inc. director and officer J. Duncan Smith reported estate and trust-related movements in Class B Common Stock.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Sinclair, Inc. director and officer J. Duncan Smith reported estate and trust-related movements in Class B Common Stock. He made a bona fide gift of 629,700 Class B shares on March 6, 2026, which were acquired by the 2026 Irrevocable Trust Series I. A related 629,700-share restructuring transaction occurred on March 5, 2026. Following these changes, he directly holds 5,293,086 Class B shares and also has additional direct and indirect Class A and Class B holdings through retirement accounts and family trusts.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 629,700 | $15.60 | $9.82M |
| Grant/Award | Class B Common Stock | 629,700 | $15.60 | $9.82M |
| Other | Class B Common Stock | 629,700 | $15.51 | $9.77M |
Footnotes (6)
- F1. Reporting Person exercised his right to substitute the corpus of the trust and withdrew the shares from the trust f/b/o Reporting Person's children.
- 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 185 shares of Class A Common Stock and 21,498.357834 shares of Class A Common Stock held in a 40l(k) unitized stock fund. The Reporting Person indirectly owns (i) 137,154 shares of Class B Common Stock divided equally among three irrevocable trusts, each for the benefit of a child of the Reporting Person, of which the Reporting Person is a co-trustee; and (ii) 506,250 shares of Class B Common Stock held in irrevocable trust f/b/o family members.
- F4. Gifted to Trust f/b/o Reporting Person's family members.
- F5. Acquired by gift from Reporting Person.
- F6. The Reporting Person has the right to substitute the corpus of trust.
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