Form 4: E.W. Scripps Director Boosts Class A Share Holdings

Anthony S. Granado, a Director and 10% owner of E.W. Scripps Co, increased his direct beneficial ownership of Class A Common Shares through open market purchases on March 4 and 5, 2026.

Summary

• Anthony S. Granado, a Director and 10% owner of E.W. Scripps Co (SSP), acquired additional Class A Common Shares.
• On March 4, 2026, Granado purchased 3,919 Class A Common Shares at a weighted average price of $4.1719 per share, with transactions ranging from $3.845 to $4.315.
• On March 5, 2026, he purchased an additional 4,339 Class A Common Shares at a weighted average price of $4.4258 per share, with transactions ranging from $4.15 to $4.49.
• Following these transactions, Granado directly beneficially owns 28,918 Class A Common Shares and 115 Common Voting Shares.
• The purchases were made pursuant to a Rule 10b5-1(c) plan.
• Granado's 10% ownership is attributed to the Second Amended and Restated Scripps Family Agreement, dated March 26, 2021, which governs collective voting of Common Voting Shares convertible into Class A Common Shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as insider buying by a director and significant shareholder typically indicates confidence in the company's valuation and future outlook, which can be reassuring for investors.

Positives

• A Director and 10% owner, Anthony S. Granado, increased his direct stake in the company, signaling confidence in E.W. Scripps Co's future prospects.
• The purchases were made under a Rule 10b5-1 plan, indicating a pre-planned investment strategy rather than a reaction to immediate market events.
• The reporting person's direct beneficial ownership of Class A Common Shares increased from 24,579 to 28,918 after the reported transactions.

Risks

• The filing does not explicitly detail risks, as it is a transaction report. However, the underlying value of the shares purchased is subject to general market risks and company-specific performance fluctuations.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

StockSavvy.ai notes that insider buying, particularly by a director and significant shareholder, often signals management's confidence in the company's future prospects and valuation. This can be a positive indicator for investors, suggesting that the insider believes the stock is undervalued or poised for growth, aligning with broader market sentiment that insider activity can be a leading indicator.

Corporate Governance

Related Party Transactions

• The Second Amended and Restated Scripps Family Agreement, dated March 26, 2021, involves the reporting person and other parties, governing the collective voting of Common Voting Shares. This constitutes a related party arrangement impacting corporate control and voting rights.

Stakeholder Impact

• Shareholders: May view the insider purchases as a positive signal of confidence from a key insider, potentially influencing investment decisions and market perception.
• Management: The purchases by a director reinforce alignment of interests with shareholders and demonstrate belief in the company's strategic direction.

Next Steps

• 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 reported ranges.

Key Dates

Recommendation

The insider buying by a director and 10% owner, particularly under a 10b5-1 plan, suggests strong internal confidence in E.W. Scripps Co's future prospects and current valuation. This action often precedes positive developments or reflects a belief that the stock is undervalued, making it a compelling signal for investors to consider a 'buy' position.

Keywords

E.W. Scripps, SSP, insider buying, Form 4, Anthony S. Granado, director, share purchase, Class A Common Shares, 10b5-1 plan, corporate governance