SONIC AUTOMOTIVE INC
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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Mar 31, 2024 · Filed Apr 25, 2024
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Item 5. Other Information
Insider Trading Arrangements
On February 26, 2024, Jeff Dyke, Sonic’s President and a director, adopted a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. Mr. Dyke’s trading plan, which has a duration of one year commencing upon the expiration of the applicable mandatory cooling-off period under Rule 10b5-1, provides for the sale of up to 31,734 shares of Sonic’s Class A Common Stock, subject to volume and pricing limits.
On February 26, 2024, Heath R. Byrd, Sonic’s Executive Vice President and Chief Financial Officer adopted a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. Mr. Byrd’s trading plan, which will commence on May 28, 2024 and expire on February 28, 2025, provides for the sale of up to 22,307 shares of Sonic’s Class A Common Stock, subject to volume and pricing limits.
None of our other directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified orterminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” (as each term is defined in Item 408 of Regulation S-K) during the quarter ended March 31, 2024.
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