Form 4: NYT Director Sells Shares, Donates Stock

David S. Perpich, a Director at The New York Times Company, reported transactions involving the sale and donation of Class A Common Stock.

Summary

• Director David S. Perpich reported a sale of 9,000 shares of Class A Common Stock at $77.06 per share on May 11, 2026.
• Additionally, 500 shares of Class A Common Stock were donated to a donor-advised fund for charitable purposes on the same date.
• Following these transactions, Perpich directly owns 27,969 shares of Class A Common Stock.
• He also holds indirect beneficial ownership of 1,400,000 shares through a trust, and an additional 11,000 shares by another trust.
• Further indirect holdings include 491 shares as UTMA custodian for a minor child and 492 shares as UTMA custodian for another minor child.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as slightly negative due to the director's sale of a significant number of shares, despite the accompanying charitable donation.

Positives

• Director David S. Perpich made a charitable donation of 500 shares to a donor-advised fund, supporting philanthropic efforts.
• The company's Class A Common Stock is actively traded, as indicated by the reported transactions.

Negatives

• Director David S. Perpich sold 9,000 shares of Class A Common Stock, reducing his direct holdings.

Risks

• Potential for insider selling to be perceived negatively by the market, although the sale was at a specific price and a donation was also made.
• The significant indirect beneficial ownership held by trusts could indicate future potential sales or distributions.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which primarily reports past transactions.

Management Comments

• The reporting person disclaims beneficial ownership of shares held in trusts.
• Shares were sold at the same price.
• 500 shares were donated to a donor-advised fund for charitable purposes.

Industry Context

StockSavvy.ai notes that insider transactions, such as this Form 4 filing by a director of The New York Times Company, are closely watched by investors as they can provide insights into management's confidence in the company's prospects. The sale of shares by a director, even if for personal reasons or diversification, can sometimes be interpreted as a negative signal, while charitable donations are generally viewed neutrally or positively.

Stakeholder Impact

• Shareholders may interpret the director's sale of shares as a signal of reduced confidence, potentially impacting share price sentiment.
• The charitable donation benefits the recipient donor-advised fund and its associated charitable causes.

Next Steps

• The donor-advised fund will utilize the gifted shares for charitable purposes.

Key Dates

Keywords

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