X0306 4 2020-12-23 0 0000912752 SINCLAIR BROADCAST GROUP INC SBGI 0001016817 SMITH DAVID D C/O SINCLAIR BROADCAST GROUP 10706 BEAVER DAM ROAD HUNT VALLEY MD 21030 1 1 1 0 Executive Chairman Stock Appreciation Rights 2020-12-23 4 J 0 638298 0 D 2020-02-24 2030-02-24 Class A Common Stock 638298 1605032 D As noted on the Form 4 filed on February 26, 2020 reporting the grant of the Stock Appreciation Rights, the Stock Appreciation Right is exercisable at the price equal in value to the difference between the stock appreciation rights base value of $28.20 per stock appreciation right which is the fair market value of one share as of the grant date and the per share closing price of Sinclair Broadcast Group, Inc. common stock on the date of exercise. On February 24, 2020, the Reporting Person received a grant of a Stock Appreciation Right (SAR) award of 638,298 shares of Sinclair Class A common stock. In connection with the settlement of certain derivative litigation relating to the Issuer's terminated merger with Tribune Media Company, the Reporting Person cancelled and returned this grant of a SAR award of 638,298 shares. Clinton R. Black, V, Esq., on behalf of David D. Smith, by Power of Attorney 2020-12-23