Saga Communications (SGA) director reports 4,446 Class A shares

Rhea-AI Filing Summary

Saga Communications director Timothy Clarke reported acquiring 4,446 shares of Class A Common Stock on 12/10/2025. The shares were recorded at a price of $0 per share, indicating an award or similar no-cost acquisition rather than an open-market purchase. Following this transaction, Clarke directly beneficially owns 17,503 Class A shares of Saga Communications Inc. The filing was made for one reporting person in his capacity as a director.

Insider Trade Summary

Net Buyer: 4,446 shares

Net Buy 1 txn

Insider Clarke Timothy J.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	4,446	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 17,503 shares (Direct)

FAQ

What insider transaction did Saga Communications (SGA) report for Timothy Clarke?

Timothy Clarke, a director of Saga Communications, reported acquiring 4,446 shares of the company’s Class A Common Stock on 12/10/2025 at a reported price of $0 per share.

What type of Saga Communications (SGA) security was involved in the Form 4?

The transaction involved Class A Common Stock of Saga Communications Inc.

How many Saga Communications (SGA) shares does Timothy Clarke own after this transaction?

After the reported acquisition, Timothy Clarke directly beneficially owns 17,503 shares of Saga Communications Class A Common Stock.

What was the reported price for the Saga Communications (SGA) shares acquired by Timothy Clarke?

The 4,446 Class A shares reported by Timothy Clarke were shown with a price of $0 per share.

Is Timothy Clarke identified as a director or 10% owner of Saga Communications (SGA)?

The filing indicates that Timothy Clarke is a Director of Saga Communications Inc., and the box for 10% Owner is not marked.

Was the Saga Communications (SGA) Form 4 filed for more than one reporting person?

No. The filing indicates that it is a Form filed by One Reporting Person, not by more than one reporting person.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/12/2025 - 04:53 PM Learn about SEC filing dates

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^*

Clarke Timothy J.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

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	12/10/2025		A		4,446	A	$0	17,503	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:

	/s/ Timothy Clarke	12/12/2025
	** 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.