SMITH BRYAN SCOTT 5
5 · SONIC AUTOMOTIVE INC · Filed Jan 19, 2023
Insider Transaction Report
Form 5
SMITH BRYAN SCOTT
Director10% Owner
Transactions
- Will/Inheritance
Class B Common Stock
2022-06-22+2,171,250→ 12,029,375 total(indirect: See Footnote)Exercise: $0.00→ Class A Common Stock (2,171,250 underlying) - Will/Inheritance
Class A Common Stock
2022-06-22+836,534→ 836,534 total(indirect: By LLC)
Holdings
- 349,279
Class A Common Stock
Footnotes (4)
- [F1]The reported securities were acquired by OBS Family, LLC from Mr. O. Bruton Smith under the laws of descent and distribution automatically upon the death of Mr. O. Bruton Smith on June 22, 2022. The reporting person is a member and manager of OBS Family, LLC.
- [F2]The reporting person disclaims beneficial ownership of such shares of Sonic Automotive, Inc.'s Class A Common Stock, except to the extent of his pecuniary interest therein.
- [F3]Shares of Sonic Automotive, Inc.'s Class B Common Stock are convertible into shares of Sonic Automotive, Inc.'s Class A Common Stock on a 1-for-1 basis at the option of the reporting person and there is no expiration date.
- [F4]Includes 2,171,250 shares of Sonic Automotive, Inc.'s Class B Common Stock held by OBS Family, LLC, and 9,858,125 shares of Sonic Automotive, Inc.'s Class B Common Stock held by Sonic Financial Corporation ("SFC"), a North Carolina corporation of which the reporting person is a shareholder, director and officer. The reporting person disclaims beneficial ownership of such shares of Sonic Automotive, Inc.'s Class B Common Stock, except to the extent of his pecuniary interest therein.