Saga Communications owners report 13.8% trust stake

Saga Communications, Inc. ownership disclosure: a joint filing reports that the Edward K. Christian Trust beneficially holds 881,044 shares of Class A Common Stock (13.8%).

Rhea-AI Filing Summary

Saga Communications, Inc. ownership disclosure: a joint filing reports that the Edward K. Christian Trust beneficially holds 881,044 shares of Class A Common Stock (13.8%). The filing shows related parties — Michael L. Dallaire (shared control over 881,044 shares), Judith A. Christian (total 884,585 shares, 13.9%) and a Judith A. Christian IRA (3,541 shares, 0.1%). The percentages are calculated using 6,363,968 shares outstanding as of May 6, 2026 per the issuer's Form 10-Q referenced in the filing.

Insights

Corporate Governance Analyst

Joint beneficial-ownership filing documents concentrated holdings among related parties.

The schedule lists the Trust holding 881,044 shares with sole voting and dispositive power, while Michael L. Dallaire is reported with shared voting and dispositive power over the same 881,044 shares. Judith A. Christian is shown with combined direct and shared holdings totaling 884,585 shares.

Cash-flow treatment for any future sales is not stated; subsequent filings would disclose transactions. The filing includes a joint filing agreement signed by the reporting persons.

Key Figures

Shares outstanding: 6,363,968 shares Trust holdings: 881,044 shares Michael L. Dallaire holdings: 881,044 shares +3 more

6 metrics

Shares outstanding 6,363,968 shares as of May 6, 2026 (used to calculate percentages)

Trust holdings 881,044 shares Edward K. Christian Trust; sole voting & dispositive power

Michael L. Dallaire holdings 881,044 shares reported as shared voting & dispositive power

Judith A. Christian total holdings 884,585 shares combined direct and shared holdings

Judith A. Christian IRA 3,541 shares IRA holding counted separately

Reported percentage (Trust) 13.8% Trust percentage of Class A shares

Key Terms

Schedule 13G/A, beneficially owned, sole voting power, Joint Filing Agreement

4 terms

Schedule 13G/A regulatory

"Amendment No. 7 ) Saga Communications, Inc. ... SCHEDULE 13G/A"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 1. Trust - 881,044 shares"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power regulatory

"5 | Sole Voting Power 881,044.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Joint Filing Agreement regulatory

"Exhibit 1 - Joint Filing Agreement Pursuant to Rule 13d-1"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does the Edward K. Christian Trust hold in Saga Communications (SGA)?

The Trust beneficially holds 881,044 shares, representing 13.8% of the Class A common stock. The percentage is calculated using 6,363,968 shares outstanding as of May 6, 2026 per the filing's citation to the issuer's Form 10-Q.

How many shares does Judith A. Christian beneficially own according to the filing?

Judith A. Christian is reported with 884,585 shares equal to 13.9% of Class A shares. This total reflects both her direct IRA holding and shared interests disclosed in the joint filing agreement.

Does the filing state who has voting and dispositive power over the reported shares?

Yes. The Trust is shown with sole voting and dispositive power over 881,044 shares. Mr. Dallaire is reported with shared voting and dispositive power over the same 881,044 shares, per the filing's ownership table.

What outstanding share count does the filing use to compute percentages for SGA?

Percentages are calculated using 6,363,968 shares outstanding as of May 6, 2026, as cited in the filing and traced to the issuer's Form 10-Q filed on May 8, 2026.

Who signed the Schedule 13G/A for these holdings?

The filing is signed by Michael L. Dallaire and Judith A. Christian in their capacities as co-trustees and individuals; a Joint Filing Agreement is included as an exhibit.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/15/2026 - 08:00 AM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

Saga Communications, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

786598300

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 786598300

1

Names of Reporting Persons

Edward K. Christian Trust

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 881,044.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 881,044.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

881,044.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.8 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The percentage is calculated based upon total outstanding shares of 6,363,968 as of May 6, 2026 as set forth in the Issuer's Quarterly Report on Form 10-Q, filed with the SEC on May 8, 2026.

SCHEDULE 13G

CUSIP Number(s): 786598300

1

Names of Reporting Persons

Judith A. Christian IRA

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,541.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,541.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,541.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.1 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The percentage is calculated based upon total outstanding shares of 6,363,968 as of May 6, 2026 as set forth in the Issuer's Quarterly Report on Form 10-Q, filed with the SEC on May 8, 2026.

SCHEDULE 13G

CUSIP Number(s): 786598300

1

Names of Reporting Persons

Michael L. Dallaire

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 881,044.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 881,044.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

881,044.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.8 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The percentage is calculated based upon total outstanding shares of 6,363,968 as of May 6, 2026 as set forth in the Issuer's Quarterly Report on Form 10-Q, filed with the SEC on May 8, 2026.

SCHEDULE 13G

CUSIP Number(s): 786598300

1

Names of Reporting Persons

Judith A. Christian

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,541.00
6	Shared Voting Power 881,044.00
7	Sole Dispositive Power 3,541.00
8	Shared Dispositive Power 881,044.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

884,585.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.9 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The percentage is calculated based upon total outstanding shares of 6,363,968 as of May 6, 2026 as set forth in the Issuer's Quarterly Report on Form 10-Q, filed with the SEC on May 8, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Saga Communications, Inc.
(b)	Address of issuer's principal executive offices: 73 Kercheval Avenue, Grosse Pointe Farms, MI 48236
Item 2.
(a)	Name of person filing: 1. Edward K. Christian Trust ("Trust"); 2. Judith A. Christian IRA; 3. Michael L. Dallaire; and 4. Judith A. Christian. Michael L. Dallaire and Judith A. Christian are both co-trustees of the Trust.
(b)	Address or principal business office or, if none, residence: The principal business office for each Reporting Person is 500 Woodward Avenue, Suite 4000, Detroit MI 48226.
(c)	Citizenship: The Trust is formed under the laws of the state of Florida. Michael L. Dallaire and Judith A. Christian are each citizens of the United States of America.
(d)	Title of class of securities: Class A Common Stock, par value $0.01 per share
(e)	CUSIP No.: 786598300
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1. Trust - 881,044 shares of Class A Common Stock 2. Judith A. Christian IRA - 3,541 shares of Class A Common Stock 3. Michael L. Dallaire - 881,044 shares of Class A Common Stock 4. Judith A. Christian - 884,585 shares of Class A Common Stock
(b)	Percent of class: 1. Trust - 13.8% 2. Judith A. Christian IRA - 0.1% 3. Michael L. Dallaire - 13.8% 4. Judith A. Christian - 13.9%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1. Trust - 881,044 shares of Class A Common Stock 2. Judith A. Christian IRA - 3,541 shares of Class A Common Stock 3. Michael L. Dallaire - 0 shares of Class A Common Stock 4. Judith A. Christian - 3,541 shares of Class A Common Stock
	(ii) Shared power to vote or to direct the vote: 1. Trust - 0 shares of Class A Common Stock 2. Judith A. Christian IRA - 0 shares of Class A Common Stock 3. Michael L. Dallaire - 881,044 of Class A Common Stock 4. Judith A. Christian - 881,044 shares of Class A Common Stock
	(iii) Sole power to dispose or to direct the disposition of: 1. Trust - 881,044 shares of Class A Common Stock 2. Judith A. Christian IRA - 3,541 shares of Class A Common Stock 3. Michael L. Dallaire - 0 shares of Class A Common Stock 4. Judith A. Christian - 3,541 shares of Class A Common Stock
	(iv) Shared power to dispose or to direct the disposition of: 1. Trust - 0 shares of Class A Common Stock 2. Judith A. Christian IRA - 0 shares of Class A Common Stock 3. Michael L. Dallaire - 881,044 shares of Class A Common Stock 4. Judith A. Christian - 881,044 shares of Class A Common Stock
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Edward K. Christian Trust

Signature:	/s/ Michael L. Dallaire
Name/Title:	Michael L. Dallaire/Co-Trustee
Date:	05/15/2026

Signature:	/s/ Judith A. Christian
Name/Title:	Judith A. Christian/Co-Trustee
Date:	05/15/2026

Judith A. Christian IRA

Signature:	/s/ Judith A. Christian
Name/Title:	Judith A. Christian/Account Beneficiary
Date:	05/15/2026

Michael L. Dallaire

Signature:	/s/ Michael L. Dallaire
Name/Title:	Michael L. Dallaire/Individual
Date:	05/15/2026

Judith A. Christian

Signature:	/s/ Judith A. Christian
Name/Title:	Judith A. Christian/Individual
Date:	05/15/2026

Exhibit Information

Exhibit 1 - Joint Filing Agreement Pursuant to Rule 13d-1