Form 4: New York Times Director David Perpich Reports Stock Sale and Charitable Donation

The New York Times Company Director David S. Perpich reported the sale of 4,000 Class A Common Stock shares for $56.18 each and a donation of 1,000 shares for charitable purposes.

Summary

• David S. Perpich, a Director of The New York Times Company, filed a Form 4 disclosing changes in his beneficial ownership of the company's Class A Common Stock.
• On June 3, 2025, Mr. Perpich sold 4,000 shares of Class A Common Stock at a price of $56.18 per share.
• Following this sale, his direct beneficial ownership of Class A Common Stock was 27,569 shares.
• On June 4, 2025, Mr. Perpich donated 1,000 shares of directly owned Class A Common Stock to a donor-advised fund for charitable purposes, with a transaction price of $0.
• After the donation, his direct beneficial ownership of Class A Common Stock decreased to 26,569 shares.
• Mr. Perpich also holds indirect beneficial ownership of 1,400,000 shares and 11,000 shares through trusts, for which he disclaims beneficial ownership.
• Additionally, he indirectly holds 491 shares and 492 shares as UTMA custodian for minor children.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While there was an insider sale, it was a relatively small amount, and it was accompanied by a charitable donation, which balances the perception. Form 4s are routine disclosures and typically do not carry strong positive or negative sentiment unless the transactions are unusually large or indicative of a significant shift in insider confidence.

Positives

• The donation of 1,000 shares to a donor-advised fund for charitable purposes demonstrates philanthropic activity by a company director.

Negatives

• A director selling 4,000 shares of Class A Common Stock, even if a relatively small amount, can sometimes be perceived as a slight negative signal by investors, though the context of a charitable donation also reducing holdings should be considered.

Future Outlook

This Form 4 filing pertains to insider transactions and does not provide any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• "On June 4, 2025, the reporting person donated 1,000 shares of directly owned Class A Common Stock to a donor-advised fund, which will use the gifted shares for charitable purposes."
• "The reporting person disclaims beneficial ownership of these shares (referring to shares held by trusts)."

Industry Context

This document is a routine insider transaction report (Form 4) and does not contain information relevant to broader industry trends or competitive landscape analysis for the media or publishing industry.

Stakeholder Impact

• Shareholders: The sale of 4,000 shares by a director is a minor transaction relative to the company's total outstanding shares and is unlikely to have a significant direct impact on the broader shareholder base. The charitable donation reflects a positive social contribution by a company executive.

Key Dates

Recommendation

Keywords

SEC Form 4, Insider Transaction, Stock Sale, Charitable Donation, David S. Perpich, New York Times Company, NYT.A, Beneficial Ownership