Form 4: Director Sells SLE Shares Under 10b5-1 Plan

Super League Enterprise Director Mark Jung sold 137 shares of common stock at a weighted average price of $0.8511 per share under a pre-arranged trading plan.

Summary

• Mark Jung, a Director of Super League Enterprise, Inc. (SLE), reported a sale of common stock.
• The transaction involved the disposition of 137 shares of SLE common stock.
• The shares were sold at a weighted average price of $0.8511 per share, with individual transaction prices ranging from $0.85 to $0.86.
• The sale was executed on November 28, 2025, and reported on December 2, 2025.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
• Following the transaction, Mark Jung directly owns 12,214 shares and indirectly owns 149 shares through the Mark Jung SEP IRA.

Sentiment

Score: 5

Explanation: The sale of a very small number of shares by a director, especially under a pre-arranged 10b5-1 plan, is generally neutral. While a sale reduces insider ownership, the minimal quantity suggests no significant change in sentiment or outlook.

Positives

• The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-scheduled sale rather than a reaction to recent events.

Negatives

• A director selling shares, even a small amount, can sometimes be perceived negatively by the market as it reduces insider ownership.

Future Outlook

No future outlook or guidance provided in this Form 4 filing.

Industry Context

This is a routine insider transaction and does not provide significant industry context. The sale of a small number of shares by a director under a pre-arranged plan is a common occurrence in publicly traded companies.

Related Party Transactions

• The sale of shares by Mark Jung, a Director, to the open market constitutes a related party transaction as he is an insider of Super League Enterprise, Inc.

Stakeholder Impact

• Shareholders: A very minor reduction in insider ownership, unlikely to have a material impact on shareholder confidence given the small transaction size and 10b5-1 plan.

Key Dates

Recommendation

The transaction involves a very small number of shares sold by a director under a pre-arranged plan, which is a routine event and does not provide sufficient new information to warrant a change in investment recommendation. The minimal impact suggests maintaining current positions.

Keywords

Super League Enterprise, SLE, Mark Jung, Form 4, Insider Trading, Stock Sale, Director, 10b5-1 Plan, Beneficial Ownership