Major SSP (NASDAQ: SSP) shareholder Margaret Klenzing buys 260K E.W. Scripps shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
E.W. Scripps Co 10% owner Margaret Scripps Klenzing reported open-market purchases of Class A common shares of SSP. She bought 139,951 shares on March 4 at an average price of $4.1719 per share and 120,534 shares on March 5 at $4.4258 per share.
After these transactions, her direct holdings in Class A common shares increased to 582,463 shares, and she also directly held 322,977 Common Voting shares as of March 4.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 260,485 shares ($1,117,321)
Net Buy
3 txns
Insider
Klenzing Margaret Scripps
Role
10% Owner
Bought
260,485 shs ($1.12M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Shares, $.01 par value per share | 120,534 | $4.4258 | $533K |
| Purchase | Class A Common Shares, $.01 par value per share | 139,951 | $4.1719 | $584K |
| holding | Common Voting Shares, $.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Class A Common Shares, $.01 par value per share — 582,463 shares (Direct);
Common Voting Shares, $.01 par value per share — 322,977 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.845 to $4.315, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.15 to $4.49, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes to this Form 4.
FAQ
What insider transactions did SSP 10% owner Margaret Scripps Klenzing report?
Margaret Scripps Klenzing reported open-market purchases of SSP Class A common shares. She bought 139,951 shares on March 4 and 120,534 shares on March 5, for a total of 260,485 shares acquired in two days.
What are Margaret Scripps Klenzing’s SSP Class A holdings after these trades?
Following the reported purchases, Margaret Scripps Klenzing directly holds 582,463 SSP Class A common shares. This figure reflects her ownership after completing both open-market buy transactions disclosed in the Form 4 filing data.
What type of Form 4 filing was made for SSP by Margaret Scripps Klenzing?
The Form 4 filing reports non-derivative, open-market purchases of SSP Class A common shares by a greater-than-10% beneficial owner. Both transactions are coded “P,” indicating purchase in open market or private transactions under SEC rules.
Is the SSP insider transaction by Margaret Scripps Klenzing classified as a net buy or net sell?
The reported activity is a net buy. The transaction summary shows two purchase transactions totaling 260,485 shares, no sales, and a net buy-sell direction identified as “net-buy” based on the Form 4 transaction data.