Form 4: Sinclair Inc. Executive Chairman David D. Smith Reports Transactions in Class B Common Stock

David D. Smith, Executive Chairman of Sinclair Inc., reports gifting and acquisition of Class B Common Stock through trusts.

Summary

• On March 28, 2025, David D. Smith, the Executive Chairman of Sinclair, Inc., engaged in transactions involving Class B Common Stock.
• Smith gifted 373,700 shares of Class B Common Stock to each of four irrevocable trusts: BECS 2025, SERIES I Irrevocable Trust, DBS 2025, SERIES I Irrevocable Trust, JBSS 2025, SERIES I Irrevocable Trust and MJSS 2025, SERIES I Irrevocable Trust.
• Concurrently, each of these trusts acquired 373,700 shares of Class B Common Stock as gifts from Smith.
• Following these transactions, Smith directly owns 1,416,272 shares of Class B Common Stock.
• Smith also directly owns 1,082,771 shares of Class A Common Stock, 598,698 shares of Class A Common Stock issued as Restricted Stock, and 18,823.964222 shares of Class A Common Stock held in a 40l(k) unitized stock fund.
• Indirectly, Smith owns shares through custodial accounts, trusts, a limited liability company, and the David D. Smith Family Foundation, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating neutral sentiment as it simply reports transactions.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.

Key Dates

Keywords

Sinclair Inc., David D. Smith, Class B Common Stock, Form 4, Beneficial Ownership, Trusts, SBGI