Welcome to our dedicated page for Saga Coms SEC filings (Ticker: SGA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to Saga Communications, Inc. (Nasdaq: SGA) filings with the U.S. Securities and Exchange Commission, along with AI-powered tools to help interpret the disclosures. Saga is a Florida corporation devoted to acquiring, developing, and operating broadcast properties, with a business that includes radio, digital, e‑commerce, local on-line news, and non-traditional revenue initiatives across 28 markets.
In its current reports on Form 8‑K, Saga discloses material events such as quarterly and year-to-date financial results, declarations of quarterly cash dividends on its Class A Common Stock, stock repurchase transactions, amendments to its bylaws, and asset transactions like the sale of telecommunications tower sites combined with long-term antenna site leases. These filings also identify Saga’s jurisdiction of incorporation, Commission File Number, and IRS Employer Identification Number.
Saga’s earnings-related 8‑K filings are accompanied by press releases that present net operating revenue, station operating expense, operating income or loss, net income or loss, capital expenditures, and selected balance sheet data. The company also reports non-GAAP financial measures, including station operating income, same station financial information, pro forma financial information, trailing twelve-month consolidated EBITDA, and leverage ratio, and provides reconciliations to the most directly comparable GAAP measures in attached supplemental financial data tables.
On this SEC filings page, you can review Saga’s 8‑K disclosures and other available filings as they are updated from EDGAR. AI-generated summaries highlight key points in each document, explain the significance of items such as dividend declarations, stock buybacks, asset sales, and bylaw amendments, and clarify how Saga’s non-GAAP metrics relate to its GAAP results. This helps investors and researchers quickly understand the main implications of each filing without reading every line of the underlying documents.
Saga Communications reported weaker results for the quarter and year ended December 31, 2025, driven by an impairment charge and softer advertising. Q4 net revenue fell 9.3% to
For 2025, net revenue declined 5.1% to
Saga Communications Inc. insider Edward K. Christian Trust, identified as a more than 10% owner, reported an open-market sale of 5,665 shares of Class A Common Stock on February 25, 2026. The shares were sold at a weighted average price of $12.0654 per share, with individual trades executed between $12.00 and $12.27. After this transaction, the trust still directly holds 881,044 shares of Saga Communications Inc. common stock.
SGA reported a Form 144 notice for the sale of 5665 shares of Class A Common by Edward K Christian.
The filing, dated 02/25/2026, notes the shares were a Distribution from a Trust or an Estate on 08/19/2022. The notice lists the holder and proposed amount to be sold; timing and sale method details are per the Form 144 filing.
Saga Communications, Inc. received an amended Schedule 13G showing that several related holders report significant passive stakes in its Class A Common Stock. The Edward K. Christian Trust beneficially owns 886,709 shares, representing 13.8% of the class based on 6,439,921 shares outstanding as of November 3, 2025.
Michael L. Dallaire, as co-trustee, is reported to share voting and dispositive power over the same 886,709 shares and is also listed with a 13.8% beneficial stake. Judith A. Christian is reported with 890,250 shares in total, or 13.8%, including 3,541 shares held in an IRA. The filers certify the shares are not held to change or influence control of Saga Communications.
Saga Communications, Inc. reported that Chief Executive Officer Christopher S. Forgy has begun a temporary medical leave of absence starting on February 13, 2026, with an indefinite recovery period. The company expects Mr. Forgy to remain available for consultation on significant matters while he recovers. The Board has designated Chief Operating Officer Wayne Leland and Chief Financial Officer Samuel D. Bush to assist with the CEO’s responsibilities until he returns from medical leave, providing interim leadership coverage across operations and finance.
Saga Communications, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on its Class A common stock. The dividend, totaling approximately $1.6 million, will be paid on March 20, 2026 to shareholders of record on February 26, 2026 and will be funded from existing cash on the balance sheet.
The company notes that, including this payment, it will have distributed over $143 million in dividends since 2012. Saga currently intends to continue declaring regular quarterly cash dividends and, as part of its 2026 capital allocation plan, may also consider stock buybacks and special dividends, though any such actions remain at the Board’s discretion based on financial performance and cash needs.
Saga Communications, Inc. shareholder Stanley Kesselman filed an updated beneficial ownership report stating he owns 391,355 shares of the company’s Class A Common Stock, representing 6.2% of the class as of the reporting date. He reports sole power to vote and dispose of all these shares, with no shared voting or dispositive power. The filing is made on a passive basis, with Kesselman certifying that the securities were not acquired and are not held for the purpose of changing or influencing control of Saga Communications.
Saga Communications insider reports tax-related share withholding. Senior Vice President and Chief Accounting Officer Catherine A. Bobinski filed a Form 4 reporting a transaction in Saga Communications Class A Common Stock on 12/15/2025. The filing shows that 2,088 shares were disposed of at a price of $11.44 per share, coded as an "F" transaction, which indicates shares withheld to cover tax obligations tied to vesting of restricted stock. After this event, she beneficially owns 37,135 Class A shares directly and 1,389 Class A shares indirectly through a 401(k) plan. This reflects a routine administrative adjustment related to equity compensation rather than an open-market sale.
Saga Communications executive Samuel D. Bush, the company’s EVP, Treasurer and CFO, reported a routine share withholding transaction. On 12/15/2025, 3,216 shares of Class A Common Stock were disposed of at $11.44 per share under transaction code F, which indicates shares were withheld to cover taxes on vested restricted stock. After this transaction, he directly owned 66,919 Class A shares and held an additional 2,589 shares indirectly through a 401(k) plan.
Saga Communications reported an insider stock transaction by its Chief Operating Officer. On 12/15/2025, the officer had 1,912 shares of Class A common stock withheld to cover tax obligations related to the vesting of restricted stock, at a price of $11.44 per share. After this tax withholding, the officer beneficially owned 30,010 Class A shares directly, plus 1,566 Class A shares held indirectly in a 401(k) plan. The filing notes this is a single-person Form 4 filing and reflects routine equity compensation and related tax settlement.