SBGI Insider Award: Director Friedman Now Holds 92,398 Shares

Rhea-AI Filing Summary

Sinclair, Inc. (SBGI) – Form 4 insider transaction summary:

Director Howard E. Friedman reported the acquisition of 18,084 Class A common shares of Sinclair, Inc. on 06 June 2025. The transaction is coded “A”, indicating the shares were awarded, not purchased on the open market, and the filing notes that the grant was made “pursuant to Stock Incentive Plan.” No transaction price was disclosed, which is typical for equity awards made under a company plan.

Following the grant, Friedman’s beneficial ownership rose to 92,398 shares. Based on the figures provided, his position increased by roughly 24 % when compared to the 74,314 shares he held prior to the award (92,398 – 18,084).

There were no derivative securities reported and no dispositions. The filing was signed by Anastasia Thomas Nardangeli, Esq. under a power of attorney on 20 June 2025.

• Form type: Form 4 – Statement of Changes in Beneficial Ownership
• Reporting person relationship: Director
• Nature of transaction: Equity award under Stock Incentive Plan
• Securities owned after transaction: 92,398 Class A common shares

This routine equity award aligns the director’s incentives with shareholders but does not, by itself, signal a change in the company’s fundamentals or near-term outlook.

Positive

• Director’s shareholding increased by roughly 24 %, enhancing alignment with shareholders

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine stock award increases director’s stake by ~24 %; neutral fundamental impact.

The Form 4 shows a non-open-market grant of 18,084 shares to Director Howard E. Friedman under Sinclair’s Stock Incentive Plan. Post-grant ownership of 92,398 shares modestly strengthens insider alignment, but because the transaction is compensation-related, it offers limited insight into management’s view of valuation. No cash outlay or price data were involved, and there is no accompanying derivative activity. While higher insider ownership can be viewed positively for governance, the filing is not financially material and should be considered neutral for valuation models.

Corporate Governance Specialist

TL;DR: Equity award reinforces pay-for-performance structure; governance-positive but low market impact.

From a governance perspective, granting stock rather than cash maintains incentive alignment between the board and shareholders. The 24 % rise in Friedman’s holdings increases his economic exposure, reducing agency risk. However, because this is a scheduled plan-based award and not an opportunistic market purchase, it does not convey bullish insider sentiment. There are no red flags such as dispositions or 10b5-1 plan usage. Overall, the filing is standard and unlikely to sway institutional votes or trading decisions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Friedman Howard E

(Last) (First) (Middle)

6201 GREEN MEADOW WAY

(Street)

BALTIMORE MD 21209

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Sinclair, Inc. [ SBGI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/06/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/06/2025		A		18,084(1)	A	(2)	92,398	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Issued pursuant to Stock Incentive Plan.

2. N/A

	Anastasia Thomas Nardangeli, Esq., on behalf of Howard E. Friedman, by Power of Attorney	06/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

How many Sinclair (SBGI) shares did Director Howard E. Friedman acquire?

He received 18,084 Class A common shares on 06 June 2025.

What is Howard E. Friedman’s total ownership in Sinclair after the transaction?

Following the award, he beneficially owns 92,398 shares.

Was the Sinclair (SBGI) transaction an open-market purchase?

No. The Form 4 lists transaction code “A,” indicating a stock incentive grant, not an open-market buy.

Does the Form 4 disclose a transaction price for the shares?

No price is shown because the shares were awarded under the company’s Stock Incentive Plan.

Are any derivative securities or dispositions reported in this filing?

No. The filing lists no derivative activity and no share sales.