Director and 10% owner Robert E. Smith of Sinclair, Inc. filed a Form 4 on November 10, 2026, reporting transactions dated November 6, 2026, that included the conversion of 85,192 Class B shares into Class A shares and the subsequent sale of 200,000 Class A shares, leaving him with zero direct Class A holdings.

Key Highlights

  • Conversion: Smith voluntarily converted 85,192 shares of Class B Common Stock into 85,192 shares of Class A Common Stock on a one-for-one basis at $0 consideration, pursuant to the company's governing documents.
  • Sales - four tranches: Smith sold 50,000 shares at $13.6575, 50,000 shares at $13.6517, 14,808 shares at $13.5919, 35,192 shares at $13.624, and 50,000 shares at $13.6343, all on November 6, 2026.
  • Resulting direct Class A position: According to the filing, after all reported transactions Smith holds 0 shares of Class A Common Stock directly.
  • Remaining Class B position: Smith's direct beneficial ownership of Class B Common Stock following the transactions is reported as 5,973,162 shares.
  • Additional indirect and other holdings: The filing discloses Smith also holds 1,070.602952 Class A shares in a 401(k) unitized stock fund, 79,803.5 Class A shares, 121,750 Class B shares in an irrevocable trust for family members, and 4,000 Class A shares in accounts held by or with immediate family members.
  • Issuer: Sinclair, Inc., listed as NASDAQ:SBGI.

Smith Converts and Sells Entire Direct Class A Stake in Sinclair on November 6, 2026

According to the Form 4 filed with the SEC, Robert E. Smith, identified in the filing as both a Director and a 10% Owner of Sinclair, Inc. (NASDAQ:SBGI), reported a series of transactions all dated November 6, 2026. The filing states that Smith first converted 85,192 shares of Class B Common Stock into an equal number of Class A Common Stock shares. The filing notes that "no additional consideration was paid in connection with the conversion" and that the Class B Common Stock "is convertible at the Reporting Person's election and has no expiration date."

Following the conversion, the filing records five sale transactions of Class A Common Stock on the same date. Smith disposed of 50,000 shares at $13.6575, 50,000 shares at $13.6517, 14,808 shares at $13.5919, 35,192 shares at $13.624, and 50,000 shares at $13.6343, for a combined total of 200,000 Class A shares sold. The filing states that prior to the reported transactions, Smith directly owned 114,808 shares of Class A Common Stock, and that "after giving effect to all of the transactions reported on this Form 4, the Reporting Person shall own 0 shares of Class A Common Stock."

The filing further discloses that Smith's direct beneficial ownership of Class B Common Stock stands at 5,973,162 shares after the reported transactions. Additional holdings described in the filing include 1,070.602952 Class A shares in a 401(k) unitized stock fund, 79,803.5 Class A shares, 121,750 Class B shares in an irrevocable trust for the benefit of family members, and 4,000 Class A shares in accounts held by or with members of Smith's immediate family. The Form 4 was signed by Anastasia Thomas Nardangeli, Esq., on behalf of Robert E. Smith, by Power of Attorney, on November 10, 2026.

What Was Disclosed

The filing reports Robert E. Smith's November 6, 2026 conversion of 85,192 Class B shares to Class A shares and sale of 200,000 Class A shares across five tranches at prices ranging from $13.5919 to $13.6575, resulting in zero direct Class A holdings and 5,973,162 direct Class B shares.