Lee Enterprises amends standstill to allow certain investors to buy up to 600K shares, plus more via Rule 10b5-1 plan

LEE ENTERPRISES, Inc

Amendment to Dec 2025 Stock Purchase Agreement modifies standstill provisions for investors owning >10% of LEE common stock.
Permitted open market purchases up to 600,000 shares during standstill period; additional purchases allowed via company-approved Rule 10b5-1 plan.
Investors may elect to use Rule 10b5-1 plan for all permitted purchases, including up to and exceeding 600,000 shares.
Other terms of Stock Purchase Agreement remain unchanged.

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