Sinclair director sells 17,000 shares via trust
Sinclair, Inc. director Daniel C. Keith reported an open-market sale of 17,000 shares of Class A Common Stock on July 2, 2026.
Rhea-AI Filing Summary
Sinclair, Inc. director Daniel C. Keith reported an open-market sale of 17,000 shares of Class A Common Stock on July 2, 2026. The transaction was executed at a weighted average price of $15.02 per share.
The shares are held indirectly through The Daniel C. Keith and Jessica P. Keith Trust, where Keith serves as a trustee with voting and investment power. Following this sale, the trust continues to hold 25,122 shares of Sinclair Class A Common Stock indirectly for the benefit of Keith and his family.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,000 shares
Net Sell
1 txn
Insider
KEITH DANIEL C
Role
Director
Sold
17,000 shs ($255K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 17,000 | $15.02 | $255K |
Holdings After Transaction:
Class A Common Stock — 25,122 shares (Indirect, By The Daniel C. Keith and Jessica P. Keith Trust)
Footnotes (3)
- F1. The purchase price is a weighted average for the purchase reported. The range of prices for this purchase was $15.08 - $15.515. The Reporting Person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
- F2. Class A Common Stock, of which the reporting person and the reporting person's spouse are the beneficiaries. The reporting person serves as a co-trustee of the trust and exercisesshared voting and investment power over the securities held therein.
- F3. The Reporting Person and the Reporting Person's family are the beneficiaries of the trust, and the Reporting Person serves as a trustee of the trust and exercises voting and investment power over the securities held therein.
Key Figures
Shares sold: 17,000 shares
Sale price: $15.02 per share
Remaining indirect holdings: 25,122 shares
+1 more
4 metrics
Shares sold
17,000 shares
Class A Common Stock sold on July 2, 2026
Sale price
$15.02 per share
Weighted average sale price for reported trades
Remaining indirect holdings
25,122 shares
Class A Common Stock held after transaction
Price range
$15.08–$15.515
Range of individual execution prices in the sale
Key Terms
open-market sale, Class A Common Stock, indirect ownership, weighted average price, +1 more
5 terms
open-market sale financial
"reported an open-market sale of 17,000 shares of Class A Common Stock"
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
"open-market sale of 17,000 shares of Class A Common Stock on July 2, 2026"
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.
indirect ownership financial
"The shares are held indirectly through The Daniel C. Keith and Jessica P. Keith Trust"
weighted average price financial
"transaction was executed at a weighted average price of $15.02 per share"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
trustee financial
"Keith serves as a trustee with voting and investment power"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sinclair (SBGI) disclose for Daniel C. Keith?
Sinclair reported that director Daniel C. Keith oversaw an open-market sale of 17,000 shares of Class A Common Stock on July 2, 2026. The shares were held indirectly through a family trust where he serves as trustee.
Is the Sinclair (SBGI) transaction by Daniel C. Keith a direct or indirect holding?
The transaction involves indirect ownership. The 17,000 shares sold and the remaining 25,122 shares are held by The Daniel C. Keith and Jessica P. Keith Trust, where Daniel C. Keith serves as trustee and exercises voting and investment power.
What role does Daniel C. Keith hold at Sinclair (SBGI) in this Form 4 filing?
In this Form 4, Daniel C. Keith is identified as a director of Sinclair, Inc. He reports indirect transactions in Sinclair Class A Common Stock through a family trust where he has trustee authority over the securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
