---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-121212"
form_type: "8-K"
ticker: "SGA"
cik: "0000886136"
company_name: "SAGA COMMUNICATIONS INC"
filed_at: "2025-12-15T23:59:59+00:00"
generated_at: "2026-05-16T13:18:35.392013+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Saga Communications repurchases 2.8% of outstanding shares for $2.1M

## Summary
- Repurchased 184,215 shares at $11.50 per share in a privately negotiated transaction.
- Aggregate purchase price of ~$2.1 million; shares returned to treasury and cancelled.
- Repurchase represents 2.8% of 6,556,621 shares outstanding as of December 11, 2025.
- CFO Samuel Bush cited commitment to shareholder value and disciplined capital allocation.
- Transaction closed December 12, 2025; seller was an accredited investor.

## SEC filing metadata
- accession: 0001104659-25-121212
- form_type: 8-K
- ticker: SGA
- cik: 0000886136
- company_name: SAGA COMMUNICATIONS INC
- filed_at: 2025-12-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886136/000110465925121212/0001104659-25-121212-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886136/000110465925121212/sga-20251212x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-121212
- JSON: https://secwatch.observer/filing/0001104659-25-121212.json
- Plain text: https://secwatch.observer/filing/0001104659-25-121212.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.