Sinclair, Inc. (NASDAQ:SBGI) disclosed that Robert Weisbord, its Chief Operating Officer and President of Local Media, sold 10,000 shares of the company's Class A common stock on November 11, 2026. The transactions generated proceeds of $150,173, with share prices ranging from $14.93 to $15.12. The sale took place against a backdrop of recent strength in SBGI stock, which has climbed more than 10% over the past week and was last trading at $15.14. The company's market capitalization stands at $1.06 billion.
In addition to the open-market sale, Weisbord exercised options to acquire 75,132 shares of Class A common stock at a price of $13.31 per share, for a total of $1,000,006. He also disposed of 66,182 shares at $15.11 per share, representing a total value of $1,000,010. A further 3,522 shares were disposed of to satisfy tax liabilities, also at $15.11 per share, amounting to $53,217.
According to an analysis, SBGI remains undervalued at current levels and offers a dividend yield of 6.61%. The company has maintained dividend payments for 17 consecutive years.
Separately, Sinclair Broadcast Group reported third-quarter financial results that surpassed Wall Street's expectations for both profit and revenue. The company posted adjusted earnings of $0.60 per share, significantly higher than the $0.29 per share projected by analysts. Revenue reached $893 million, exceeding the forecast of $872.9 million. This performance was attributed to increased political advertising and stronger operating leverage. Despite the positive earnings report, the stock experienced a slight decline in after-hours trading.
These developments are part of Sinclair's recent activities, reflecting its financial health and operational strategies.