M&A - Jerrilyn M Hoffmann Revocable Trust dated May 30, 2001

Form Type: SCHEDULE 13D/A

Filing Date: 2025-03-31

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025047985

Filing Summary: This Amendment No. 5 pertains to the beneficial ownership of shares in Lee Enterprises, Incorporated by the Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001 and Jerrilyn M. Hoffmann. The trust reports an aggregate purchase of $1,080,333.46 for 66,200 shares and $200,403.57 for an additional 13,337 shares since the last amendment. The Reporting Persons have communicated their intentions to explore a potential negotiated acquisition of the Issuer, stating their concerns over the Issuer's shareholder rights plan in a letter to the Board dated March 27, 2024. The Reporting Persons currently hold 618,900 shares, representing approximately 9.997% of the Issuer's outstanding shares. No hostile acquisition attempts are intended. Future actions may depend on a variety of factors, including ongoing discussions with the Issuer’s management and Board. No other contracts or arrangements with respect to the securities of the Issuer are disclosed.