Form 4: Sonic Automotive CEO David Bruton Smith Reports Changes in Beneficial Ownership

David Bruton Smith, Chairman and CEO of Sonic Automotive, reports the disposal of shares to cover withholding tax obligations and updates on beneficial ownership.

Summary

• On February 8, 2025, David Bruton Smith disposed of 8,323 shares of Class A Common Stock at a price of $72.97 to satisfy withholding tax obligations.
• Following this transaction, Smith directly owns 574,731 shares of Class A Common Stock.
• On February 9, 2025, Smith disposed of 14,635 shares of Class A Common Stock at a price of $72.97 to satisfy withholding tax obligations.
• Following this transaction, Smith directly owns 560,096 shares of Class A Common Stock.
• Smith also indirectly owns 836,534 shares through OBS Family, LLC, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to tax obligations, which are neither particularly positive nor negative. The sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates stock disposals to cover tax obligations, which is a common practice.

Stakeholder Impact

• The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is likely insignificant given the reason for the disposal (tax obligations).

Key Dates

Keywords

Sonic Automotive, David Bruton Smith, beneficial ownership, Form 4, SAH, stock disposal, withholding tax, Class A Common Stock