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Saga Communications, Inc. (SGA) insider sale disclosed on Form 4. The Edward K. Christian Trust, identified as a director-related reporting person, sold 1,054 shares of Class A common stock on 08/25/2025 at a weighted-average price of $13.3382 per share. After the sale the reporting person beneficially owned 894,378 shares, reported as disposed of (direct ownership). The Form 4 was signed by Judith Christian, Trustee, on 08/27/2025 and includes a footnote that the reported price is a weighted average from multiple sale prices ranging $13.25 to $13.50.
Saga Communications insider sale reported on Form 4. The Edward K. Christian Trust reported the sale of 1,727 shares of Saga Communications, Inc. (SGA) on 08/22/2025 at a weighted average price of $13.29. After the reported transactions the trust beneficially owns 895,432 shares, held directly. The filing indicates the reporting person is affiliated with the issuer as a Director and a 10% owner. The trustee, Judith Christian, signed the Form 4 on 08/26/2025. A footnote states sale prices ranged from $13.20 to $13.41 and that breakdowns by price are available on request.
Saga Communications, Inc. (SGA) Form 144 reports a proposed sale of 1,054 Class A common shares through Morgan Stanley Smith Barney LLC on 08/25/2025, with an aggregate market value of $14,058.46. The shares were acquired on 08/19/2022 as a distribution from a trust originating from Edward K. Christian. The issuer shows 6,439,921 shares outstanding for this class.
The filing also discloses multiple sales by the same trust during the prior three months, with transactions dated between 06/05/2025 and 08/22/2025. Notable single past sales include 9,583 shares on 06/05/2025 (gross proceeds $121,852.64) and 6,269 shares on 07/01/2025 (gross proceeds $81,791.64). The filer attests there is no undisclosed material adverse information.
Saga Communications, Inc. (SGA) Form 144 filing reports a proposed sale of 1,727 Class A Common shares through Morgan Stanley Smith Barney on NASDAQ with an aggregate market value of $22,954.42. The shares were acquired by the filing party as a distribution from a trust/estate on 08/19/2022 from Edward K. Christian. The filing lists the seller as EDWARD K CHRISTIAN AGREEMENT OF TRUST and discloses numerous sales by that trust in the prior three months. The filing shows total shares outstanding of 6,439,921 and includes specific prior sale dates and gross proceeds for each trade.
Schedule 13G/A filed for Saga Communications, Inc. (Class A common stock) discloses that the Edward K. Christian Trust beneficially owns 897,159 shares, representing 13.99% of the Class A outstanding based on 6,439,921 shares as of August 4, 2025. The filing also lists Judith A. Christian IRA with 3,541 shares and reports Michael L. Dallaire as having shared voting and dispositive power over 897,159 shares; Judith A. Christian is reported to beneficially own 900,700 shares in total.
The statement includes a joint filing agreement and signed certifications and explicitly states the securities were not acquired and are not held for the purpose of changing or influencing the issuer's control.
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 is payable on September 19, 2025 to shareholders of record on August 26, 2025, and the declaration is described in a press release filed as Exhibit 99.1.
The Form 8-K also identifies the security as Class A Common Stock trading under the symbol SGA on the NASDAQ Global Market and includes a Cover Page Interactive Data File as Exhibit 104. No earnings figures, financial statements, or other material transactions are included in this filing.
Saga Communications insider reporting shows the Edward K. Christian Trust sold 1,027 Class A common shares on 08/07/2025 at a weighted average price of $12.5856. After the sale the trust beneficially owned 897,159 shares.
The Form 4 is signed by Judith Christian, Trustee, was filed by one reporting person, and indicates the reporting person is a Director. A footnote states the shares were sold in multiple transactions at prices ranging from $12.50 to $12.70, and the reporting person offers to provide the breakdown on request.
Saga Communications (SGA) reported mixed results for the quarter and first half of 2025. Net operating revenue for the three months ended June 30, 2025 was $28.23 million, down from $29.72 million the prior year, while station operating expense fell to $22.23 million from $23.31 million. The company recorded quarterly net income of $1.13 million (basic EPS $0.18), but a six-month net loss of $447,000 (basic EPS $(0.07)), versus a six-month profit of $924,000 a year earlier. Cash and cash equivalents were $15.79 million and short-term held-to-maturity Treasury bills were $9.12 million. Operating cash flow for the six months was $2.12 million. The balance sheet shows total assets of $218.87 million, total liabilities of $55.19 million, and total shareholders' equity of $163.68 million. Management remains in compliance with credit covenants and had approximately $45 million of unused borrowing capacity under its credit facility.