January 5, 2024 · Form 4 insider transaction
SMITH DAVID D bought 1,500,000 shares of Sinclair, Inc. at $13.77 per share, a transaction worth $20.66M. The trade was recorded as j and disclosed on an SEC Form 4, filed 4 days after the transaction.
Reporting Person exercised his right to substitute the corpus of the trust and withdrew the shares from the trust f/b/o Reporting Person's child.; The Class B Common Stock is convertible at the Reporting Person's election and has no expiration date.; The Reporting Person also directly owns (i) 607,154 shares of Class A Common Stock, (ii) 381,188 shares of Class A Common Stock issued as Restricted Stock, and (iii) 16,133.745098 shares of Class A Common Stock held in a 401(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 for the benefit of 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 David D. Smith Family Foundation, Inc., which the Reporting Person controls, but does not derive any benefit.; After giving effect to the transactions reported on this Form 4, the Reporting Person directly owns 2,911,072 shares of Class B Common Stock.