Saga Communications (SGA) SVP reports 2,088-share tax withholding on vesting

Rhea-AI Filing Summary

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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider BOBINSKI CATHERINE A

Role SVP, CHIEF ACCOUNTING OFFICER

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	2,088	$11.44	$24K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 37,135 shares (Direct); Class A Common Stock — 1,389 shares (Indirect, In 401(k) plan)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

BOBINSKI CATHERINE A

(Last) (First) (Middle)

C/O SAGA COMMUNICATIONS, INC.

73 KERCHEVAL AVENUE

(Street)

GROSSE POINTE FARMS MI 48236

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SAGA COMMUNICATIONS INC [ SGA ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, CHIEF ACCOUNTING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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	12/15/2025		F		2,088(1)	D	$11.44	37,135	D
Class A Common Stock								1,389	I	In 401(k) plan

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. The shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the vesting of restricted stock.

	/s/ Catherine A. Bobinski	12/17/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Saga Communications (SGA) report in this Form 4?

The Form 4 reports that officer Catherine A. Bobinski, SVP and Chief Accounting Officer, had 2,088 shares of Saga Communications Class A Common Stock disposed of on 12/15/2025 in a transaction coded "F".

What does the transaction code "F" mean for Saga Communications (SGA) shares?

The code "F" indicates that the 2,088 shares were withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock, rather than being sold in the open market.

How many Saga Communications (SGA) shares does the insider own after this transaction?

After the reported transaction, Catherine A. Bobinski beneficially owns 37,135 Class A Common shares directly and 1,389 Class A Common shares indirectly through a 401(k) plan.

Is the Saga Communications (SGA) Form 4 transaction part of an equity compensation event?

Yes. The explanation states that the shares were withheld at the election of the Reporting Person to satisfy tax obligations related to the vesting of restricted stock, which is a typical equity compensation event.

Which officer at Saga Communications (SGA) filed this Form 4?

The Form 4 was filed by Catherine A. Bobinski, who serves as SVP, Chief Accounting Officer of Saga Communications, Inc.

Were any derivative securities reported in this Saga Communications (SGA) Form 4?

No derivative securities are listed with amounts in Table II; the reported activity relates to non-derivative Class A Common Stock and tax withholding on restricted stock vesting.