Form 4: Sonic Automotive Executive Jeff Dyke Sells Shares to Cover Tax Obligations

Jeff Dyke, President of Sonic Automotive, sold 5,339 shares of Class A Common Stock on March 31, 2025, to cover withholding tax obligations.

Summary

• On March 31, 2025, Jeff Dyke, President of Sonic Automotive, Inc., disposed of 5,339 shares of Class A Common Stock.
• The transaction was executed to satisfy withholding tax obligations related to the vesting of restricted stock units.
• The shares were sold at a price of $56.96 per share.
• Following the transaction, Dyke directly owns 800,727 shares of Class A Common Stock.
• Dyke also indirectly owns 161,622 shares through Ash & Erin, LLC, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, and does not indicate a positive or negative sentiment towards the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.

Key Dates

Keywords

Sonic Automotive, Jeff Dyke, Form 4, Insider Trading, Stock Sale, SAH, Class A Common Stock, Restricted Stock Units, Withholding Tax