<div id="readability-page-1"><div><p><span>Millage Timothy R Chief Financial Officer of Lee Enterprises Inc [LEE] filed a Form 4 on December 18, 2025 with the Securities and Exchange Commission disclosing the following changes in ownership:</span></p><div><table><tbody><tr><td><span>Date</span></td><td><span>12/9/22-12/16/25</span></td></tr><tr><td><span>Transaction</span></td><td><span>Surrender(1)</span></td></tr><tr><td><span>Shares</span></td><td><span>3,986</span></td></tr><tr><td><span>Price</span></td><td><span>$9.27</span></td></tr><tr><td><span>Value</span></td><td><span>$36,968</span></td></tr></tbody></table></div><p><span>Ending Holdings: 34,241 - Direct</span></p><ul><li><span>(1)</span></li><li><span>Surrender of shares back to company to pay option exercise cost and/or resulting tax liability.</span></li></ul><p><span>For a free trial, or to learn more about our insider trading analysis and data services, please visit http://www.washingtonservice.com or contact us at (301) 913-5100 or send an email to info@washingtonservice.com.</span></p><p><span>Founded in 1970, The Washington Service provides securities professionals with financial, economic and public policy research and data.</span></p><span> </span></div></div>

<p>Timothy R. Millage, CFO of Lee Enterprises Inc, surrendered 3,986 shares back to the company to cover option exercise costs and/or tax liabilities. This transaction was disclosed in a Form 4 filed with the SEC on December 18, 2025. The shares were surrendered at a price of $9.27, totaling a value of $36,968, leaving Millage with 34,241 shares directly.</p>

CFO Millage Surrenders 3,986 Of Lee Enterprises Inc [LEE]