Major SSP holder Molly McCabe exits 326,675 Class A shares in open-market sales
Rhea-AI Filing Summary
E.W. SCRIPPS Co ten percent owner Molly E. McCabe reported a series of open-market sales of Class A Common Shares. Between May 15 and May 20, 2026, she sold a total of 326,675 Class A shares in multiple transactions.
The reported sales included 60,182 shares at a weighted average price of $3.3492 on May 15, 142,970 shares at $3.4764 on May 18, 112,284 shares at $3.4019 on May 19, and 11,239 shares at $3.2931 on May 20. Following these transactions, her direct holdings of Class A Common Shares were reported as 0 shares, while a holding entry shows 267,333 Common Voting Shares as of May 15, 2026.
Positive
- None.
Negative
- A ten percent owner executed open-market sales totaling 326,675 Class A Common Shares, fully reducing her reported direct Class A holdings to 0 shares.
Insights
Large net open-market sale by a ten percent owner, fully exiting Class A holdings.
Molly E. McCabe, identified as a ten percent owner of E.W. SCRIPPS Co, reported open-market sales totaling 326,675 Class A Common Shares over four trading days, at weighted average prices around $3.30–$3.48 per share.
These are pure sale transactions (Form 4 code S) with no offsetting option exercises or grants, and derivativeSummary shows no remaining derivative positions. After the final trade, McCabe’s direct Class A Common Share position is reported as 0 shares, while a separate entry shows 267,333 Common Voting Shares held directly as of May 15, 2026.
The pattern represents a complete exit from this share class by a significant holder, which many investors may view as a negative signal. However, the filing does not state reasons for the sales, and their economic impact ultimately depends on the company’s overall share structure and future disclosures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Shares, $.01 par value per share | 11,239 | $3.2931 | $37K |
| Sale | Class A Common Shares, $.01 par value per share | 112,284 | $3.4019 | $382K |
| Sale | Class A Common Shares, $.01 par value per share | 142,970 | $3.4764 | $497K |
| Sale | Class A Common Shares, $.01 par value per share | 60,182 | $3.3492 | $202K |
| holding | Common Voting Shares, $.01 par value per share | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.33 to $3.40, 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 $3.365 to $3.555, 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 $3.25 to $3.615, 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 $3.25 to $3.31, 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.