GATE CITY CAPITAL MANAGEMENT, LLC bought SGA
December 31, 2024 · Form 4 insider transaction
GATE CITY CAPITAL MANAGEMENT, LLC bought 240,609 shares of Saga Communications, Inc. at $11.25 per share, a transaction worth $2.71M. The trade was recorded as open-market purchase and disclosed on an SEC Form 4, filed 8 days after the transaction.
Footnotes
The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.24 to $11.25 per share.; Reflects shares deemed to be under the investment control of Gate City Capital Management, LLC, which serves as an adviser to certain private investment funds and managed accounts. Michael Melby is the Managing Member of Gate City Capital Management, LLC.; Mr. Melby may be deemed to beneficially own (solely for the purpose of Rule 16a-l(a)(2) under the Exchange Act) the securities set forth in footnote (I) above as Managing Member of Gate City Capital Management, LLC. Mr. Melby disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.