DAVID D. SMITH - 05 Jan 2024 Form 4 Insider Report for Sinclair, Inc. (SBGI)

Signature
Clinton R. Black, V, Esq., on behalf of David D. Smith, by Power of Attorney
Issuer symbol
SBGI
Transactions as of
05 Jan 2024
Transactions value $
$82,620,000
Form type
4
Filing time
09 Jan 2024, 13:40:23 UTC
Previous filing
06 Mar 2023
Next filing
12 Mar 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SBGI Class B Common Stock Other $20,655,000 +1,500,000 +1.65% $13.77 2,411,072 05 Jan 2024 Class B Common Stock 1,500,000 $0 Direct F1, F2, F3, F4
transaction SBGI Class B Common Stock Other $20,655,000 +1,500,000 +62.21% $13.77 3,911,072 05 Jan 2024 Class B Common Stock 1,500,000 $0 Direct F1, F2, F3, F4
transaction SBGI Class B Common Stock Other $20,655,000 +1,500,000 +38.35% $13.77 5,411,072 05 Jan 2024 Class B Common Stock 1,500,000 $0 Direct F1, F2, F3, F4
transaction SBGI Class B Common Stock Other $20,655,000 +1,500,000 +27.72% $13.77 6,911,072 05 Jan 2024 Class B Common Stock 1,500,000 $0 Direct F1, F2, F3, F4
transaction SBGI Class B Common Stock Gift $0 -1,000,000 -14.47% $0 5,911,072 05 Jan 2024 Class B Common Stock 1,000,000 $0 Direct F2, F3, F4, F5
transaction SBGI Class B Common Stock Gift $0 +1,000,000 $0 1,000,000 05 Jan 2024 Class B Common Stock 1,000,000 $0 By Irrevocable Trust/BECS 2024, Series I F2, F3, F4, F5, F6
transaction SBGI Class B Common Stock Gift $0 -1,000,000 -16.92% $0 4,911,072 05 Jan 2024 Class B Common Stock 1,000,000 $0 Direct F2, F3, F4, F5
transaction SBGI Class B Common Stock Gift $0 +1,000,000 $0 1,000,000 05 Jan 2024 Class B Common Stock 1,000,000 $0 By Irrevocable Trust/DBS 2024, Series I F2, F3, F5, F6
transaction SBGI Class B Common Stock Gift $0 -1,000,000 -20.36% $0 3,911,072 05 Jan 2024 Class B Common Stock 1,000,000 $0 Direct F2, F3, F4, F5
transaction SBGI Class B Common Stock Gift $0 +1,000,000 $0 1,000,000 05 Jan 2024 Class B Common Stock 1,000,000 $0 By Irrevocable Trust/JBSS 2024, Series I F2, F3, F4, F5, F6
transaction SBGI Class B Common Stock Gift $0 -1,000,000 -25.57% $0 2,911,072 05 Jan 2024 Class B Common Stock 1,000,000 $0 Direct F2, F3, F4, F5
transaction SBGI Class B Common Stock Gift $0 +1,000,000 $0 1,000,000 05 Jan 2024 Class B Common Stock 1,000,000 $0 By Irrevocable Trust/MJSS 2024, Series I F2, F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting Person exercised his right to substitute the corpus of the trust and withdrew the shares from the trust f/b/o Reporting Person's child.
F2 The Class B Common Stock is convertible at the Reporting Person's election and has no expiration date.
F3 The Reporting Person also directly owns (i) 607,154 shares of Class A Common Stock, (ii) 381,188 shares of Class A Common Stock issued as Restricted Stock, and (iii) 16,133.745098 shares of Class A Common Stock held in a 401(k) unitized stock fund. The Reporting Person indirectly owns (i) 28,160 shares of Class A Common Stock held in separate custodial accounts established by the Reporting Person for the benefit of family members of which the Reporting Person is the custodian, (ii) 338,400 shares of Class A Common Stock held by trusts f/b/o family members of which the Reporting Person is a trustee, (iii) 162,553 shares of Class A Common Stock held by a limited liability company controlled by the Reporting Person, and (iv) 803,178 shares of Class A Common Stock held f/b/o David D. Smith Family Foundation, Inc., which the Reporting Person controls, but does not derive any benefit.
F4 After giving effect to the transactions reported on this Form 4, the Reporting Person directly owns 2,911,072 shares of Class B Common Stock.
F5 Gifted to Trust f/b/o Reporting Person's child.
F6 The Reporting Person has the right to substitute the corpus of the trust.