Trust linked to Sinclair (SBGI) director sells 42,000 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sinclair, Inc. director Daniel C. Keith, through The Daniel C. Keith and Jessica P. Keith Trust, reported three open-market sales of Class A Common Stock in late March and early April 2026. The trust sold 42,000 shares across these transactions at weighted average prices around $13 per share.
After these sales, the trust indirectly holds 25,027 shares of Class A Common Stock for the benefit of Keith, his spouse, and family, with Keith serving as trustee and exercising voting and investment power over the securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 42,000 shares ($550,323)
Net Sell
3 txns
Insider
KEITH DANIEL C
Role
Director
Sold
42,000 shs ($550K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 22,613 | $13.1025 | $296K |
| Sale | Class A Common Stock | 1,398 | $13.10 | $18K |
| Sale | Class A Common Stock | 17,989 | $13.1037 | $236K |
Holdings After Transaction:
Class A Common Stock — 25,027 shares (Indirect, By The Daniel C. Keith and Jessica P. Keith Trust)
Footnotes (1)
- The sale price is a weighted average for the sale reported. 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 at each price. The range of prices for the sale was $13.035-$12.46. After giving effect to the transactions reported on this Form 4, the Reporting Person indirectly owns 25,027 shares of Class A Common Stock. 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 exercises shared voting and investment power over the securities held therein. 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. The sale price is a weighted average for the sale reported. 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 at each price. The range of prices for the sale was $12.90-$13.06. The sale price is a weighted average for the sale reported. 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 at each price. The range of prices for the sale was $12.83-$13.01.
Key Figures
Total shares sold: 42,000 shares
Sale on 2026-04-02: 22,613 shares at $13.1025/share
Sale on 2026-04-01: 1,398 shares at $13.10/share
+5 more
8 metrics
Total shares sold
42,000 shares
Open-market sales of Class A Common Stock across three transactions
Sale on 2026-04-02
22,613 shares at $13.1025/share
Non-derivative open-market sale, indirect trust ownership
Sale on 2026-04-01
1,398 shares at $13.10/share
Non-derivative open-market sale, indirect trust ownership
Sale on 2026-03-31
17,989 shares at $13.1037/share
Non-derivative open-market sale, indirect trust ownership
Indirect holdings after trades
25,027 shares
Class A Common Stock indirectly owned via trust after reported transactions
Reported price range (transaction set 1)
$13.035–$13.46/share
Weighted average sale price range disclosed in footnote F1
Reported price range (transaction set 2)
$12.90–$13.06/share
Weighted average sale price range disclosed in footnote F5
Reported price range (transaction set 3)
$12.83–$13.01/share
Weighted average sale price range disclosed in footnote F6
Key Terms
Class A Common Stock, open-market sale, weighted average, voting and investment power, +1 more
5 terms
Class A Common Stock financial
"The trust sold 42,000 shares of Class A Common Stock across the transactions."
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.
open-market sale financial
"Each transaction is classified as an open-market sale of non-derivative equity."
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.
weighted average financial
"The sale price is a weighted average for the sale reported, with ranges disclosed."
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.
voting and investment power financial
"The reporting person serves as trustee and exercises voting and investment power over the securities."
indirectly owns financial
"After these transactions, the reporting person indirectly owns 25,027 shares of Class A Common Stock."
FAQ
What insider transactions did Sinclair (SBGI) report for Daniel C. Keith?
Sinclair reported that a trust associated with director Daniel C. Keith executed three open-market sales totaling 42,000 shares of Class A Common Stock between 2026-03-31 and 2026-04-02 at weighted average prices near $13 per share.
At what prices were the recent Sinclair (SBGI) insider sales executed?
The reported insider sales occurred at weighted average prices per share of about $13.10, with disclosed price ranges between $12.83 and $13.06, and additional ranges of $12.90–$13.06 and $13.035–$13.46, according to the transaction footnotes.
What type of transaction did the Sinclair (SBGI) Form 4 describe?
The Form 4 describes open-market sale transactions, coded as “S”, in Sinclair’s Class A Common Stock. These are non-derivative equity sales executed in the market, rather than option exercises, gifts, or tax-withholding events, according to the transaction code descriptions.