DAVID D. SMITH - 08 Mar 2024 Form 4 Insider Report for Sinclair, Inc. (SBGI)

Role
Executive Chairman, Director, 10%+ Owner
Signature
Clinton R. Black, V, Esq., on behalf of David D. Smith, by Power of Attorney
Issuer symbol
SBGI
Transactions as of
08 Mar 2024
Transactions value $
-$839,435
Form type
4
Filing time
12 Mar 2024, 16:45:41 UTC
Previous filing
09 Jan 2024
Next filing
04 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBGI Class A Common Stock Award +131,480 +34.49% 512,668 08 Mar 2024 Direct F1, F2, F3
transaction SBGI Class A Common Stock Tax liability -$839,435 -63,068 -12.3% $13.31 449,600 08 Mar 2024 Direct F3, F4

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 Stock Appreciation Rights Award $0 +654,275 +87.97% $0 1,398,008 08 Mar 2024 Class A Common Stock 654,275 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common Stock issued as Restricted Stock which vests 50% on March 8, 2025 and 50% on March 8, 2026.
F2 N/A
F3 Common Stock issued as Restricted Stock. The Reporting Person also directly owns (i) 607,154 shares of Class A Common Stock, (ii) 2,911,072 shares of Class B Common Stock, and (iii) 17,447.876297 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) 4,000,000 shares of Class B Common Stock held by trusts f/b/o family members, (iv) 162,553 shares of Class A Common Stock held by a limited liability company controlled by the Reporting Person, and (v) 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 Designates withholding of shares to satisfy the Reporting Person's tax liability
F5 The Stock Appreciation Right is exercisable at the price equal in value to the difference between the stock appreciation right's base value of $13.31 per stock appreciation right which is the fair market value of one share as of the grant date and the per share closing price of Sinclair, Inc. common stock on the date of exercise.