Form 4: E.W. Scripps Director Boosts Stake with Share Purchases

Corina S. Granado, a director and 10% owner of E.W. Scripps Co., increased her beneficial ownership of Class A Common Shares through open market purchases in early March 2026.

Summary

• Corina S. Granado, a Director and 10% Owner of E.W. Scripps Co. (SSP), reported open market purchases of Class A Common Shares.
• On March 3, 2026, Granado acquired 260,000 Class A Common Shares at a weighted average price of $3.9081 per share, with prices ranging from $3.635 to $3.965.
• On March 4, 2026, an additional 69,976 Class A Common Shares were purchased at a weighted average price of $4.1719 per share, with prices ranging from $3.845 to $4.315.
• Following these transactions, Granado's direct beneficial ownership of Class A Common Shares increased to 660,251.
• Granado also beneficially owns 366,926 Common Voting Shares directly.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.
• Granado may be deemed to beneficially own more than 10% of the Class A Common Shares due 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: 8

Explanation: StockSavvy.ai views this as a strong positive signal. Significant open market purchases by a director and 10% owner typically indicate high confidence in the company's current valuation and future prospects.

Positives

• A director and 10% owner increasing their stake signals strong confidence in the company's future prospects and valuation.
• The purchases were made through open market transactions, indicating a direct investment decision by the insider.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider buying, especially from a director and significant owner, can often be interpreted as a positive signal in the media industry, suggesting that those closest to the company believe its shares are undervalued or that future performance will be strong. This contrasts with broader industry trends where traditional media companies face challenges from digital disruption, making insider confidence particularly noteworthy.

Corporate Governance

Related Party Transactions

• The reporting person is a party to the Second Amended and Restated Scripps Family Agreement, dated March 26, 2021. This agreement involves collective voting of Common Voting Shares among family members, which are convertible into Class A Common Shares and in aggregate represent over 10% of the Class A Common Shares on an as-converted basis.

Stakeholder Impact

• Shareholders may view the insider purchases as a positive indicator of management's belief in the company's value, potentially boosting investor confidence.
• The continued influence of the Scripps Family Agreement on voting shares reinforces the existing governance structure for all stakeholders.

Key Dates

Recommendation

The significant open market purchases by a director and 10% owner, Corina S. Granado, signal strong insider confidence in E.W. Scripps Co.'s valuation and future performance. Such substantial insider buying, especially under a Rule 10b5-1 plan, often precedes positive company developments or reflects a belief that the stock is currently undervalued. This action suggests a seasoned investor would consider initiating or increasing a position.

Keywords

E.W. Scripps, SSP, Insider Buying, Form 4, Director Purchase, Share Acquisition, 10b5-1 Plan, Media Company, Corporate Governance