SMITH DAVID D 4

4 · Sinclair, Inc. · Filed Mar 30, 2026

AI-generated summary of this filing

Updated Mar 30, 2026

Sinclair (SBGI) 10% Owner David D. Smith Acquires 4.0M Shares

What Happened

David D. Smith, a reported 10% owner of Sinclair, Inc. (SBGI), acquired a total of 4,000,000 shares of Class B Common Stock on 2026-03-27 via a series of derivative "other acquisition" transactions. The trades consisted of eight entries (four for 373,700 shares and four for 626,300 shares) at $13.14 per share, totaling $52,560,000.
Footnotes indicate Smith "exercised his right to substitute the corpus of the trust and withdrew the shares from the trust" (F1). The Class B shares are convertible at his election and have no expiration date (F2). This is an acquisition (a purchase/receipt of shares), which retail investors often view as more informative than routine sales.

Key Details

Transaction date: 2026-03-27; reported on Form 4 filed 2026-03-30 (filed timely).
Price: $13.14 per share; total value: $52,560,000.
Quantity: 4,000,000 Class B shares (8 transactions: 4×373,700 and 4×626,300).
Shares owned after transaction: 6,911,072.227 shares of Class B Common Stock (direct) (F3).
Additional holdings (direct and indirect) in Class A Common Stock summarized in filing (see F4 for breakdown).
Notable footnotes: trust corpus substitution and withdrawal (F1); Class B convertibility (F2). Transaction coded as derivative "other acquisition" (J).

Context

These were derivative-related acquisitions involving a trust substitution/withdrawal, not open-market purchases. For retail investors, that means shares moved into Smith’s direct ownership via an internal trust action rather than through a brokered market buy.
As a 10% owner (not necessarily an executive trading on day-to-day company operations), this filing reports a significant increase in his direct Class B stake but does not by itself explain intent or future plans.

Form 4

Period: 2026-03-27

DirectorExecutive Chairman10% Owner

Transactions

Other
Class B Common Stock
[F1][F2][F3][F4]
2026-03-27$13.14/sh+373,700$4,910,418→ 3,284,772.227 total
Exercise: $0.00→ Class B Common Stock (373,700 underlying)
Other
Class B Common Stock
[F1][F2][F3][F4]
2026-03-27$13.14/sh+373,700$4,910,418→ 3,658,472.227 total
Exercise: $0.00→ Class B Common Stock (373,700 underlying)
Other
Class B Common Stock
[F1][F2][F3][F4]
2026-03-27$13.14/sh+373,700$4,910,418→ 4,032,172.227 total
Exercise: $0.00→ Class B Common Stock (373,700 underlying)
Other
Class B Common Stock
[F1][F2][F3][F4]
2026-03-27$13.14/sh+373,700$4,910,418→ 4,405,872.227 total
Exercise: $0.00→ Class B Common Stock (373,700 underlying)
Other
Class B Common Stock
[F1][F2][F3][F4]
2026-03-27$13.14/sh+626,300$8,229,582→ 5,032,172.227 total
Exercise: $0.00→ Class B Common Stock (626,300 underlying)
Other
Class B Common Stock
[F1][F2][F3][F4]
2026-03-27$13.14/sh+626,300$8,229,582→ 5,658,472.227 total
Exercise: $0.00→ Class B Common Stock (626,300 underlying)
Other
Class B Common Stock
[F1][F2][F3][F4]
2026-03-27$13.14/sh+626,300$8,229,582→ 6,284,772.227 total
Exercise: $0.00→ Class B Common Stock (626,300 underlying)
Other
Class B Common Stock
[F1][F2][F3][F4]
2026-03-27$13.14/sh+626,300$8,229,582→ 6,911,072.227 total
Exercise: $0.00→ Class B Common Stock (626,300 underlying)

Footnotes (4)

[F1]Reporting Person exercised his right to substitute the corpus of the trust and withdrew the shares from the trust.
[F2]The Class B Common Stock is convertible at the Reporting Person's election and has no expiration date.
[F3]After giving effect to the transactions reported on this Form 4, the Reporting Person directly owns 6,911,072.227 shares of Class B Common Stock.
[F4]The Reporting Person also directly owns (i) 1,823,783 shares of Class A Common Stock (ii) 526,574 shares of Class A Common Stock issued as Restricted Stock, and (iii) 20,060.183108 shares of Class A Common Stock held in a 40l(k) unitized stock fund. The Reporting Person indirectly owns (i) 28,160 shares of Class A Common Stock held in separate custodial accounts established by the Reporting Person f/b/o family members of which the Reporting Person is the custodian, (ii) 338,400 shares of Class A Common Stock held by trusts f/b/o family members of which the Reporting Person is a trustee, (iii) 162,553 shares of Class A Common Stock held by a limited liability company controlled by the Reporting Person, and (iv) 803,178 shares of Class A Common Stock held f/b/o of David D. Smith Family Foundation, Inc., which the Reporting Person controls, but does not derive any benefit.

Signature

Anastasia Thomas Nardangeli, Esq., on behalf of David D. Smith Smith, by Power of Attorney|2026-03-30

1 file