SAGA COMMUNICATIONS INC

Ticker: SGA CUSIP: 786598300 Class: COM

Minerva Advisors LLC's Holding History (CIK: 0001541536)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 31,831 Value ($000) $364 Avg Close $12.06 Range $11.27 - $13.19

Q3 2025

Shares 226,688 Value ($000) $2,820 Avg Close $12.76 Range $11.80 - $14.21

Q2 2025

Shares 226,688 Value ($000) $2,890 Avg Close $12.01 Range $11.05 - $14.27

Q1 2025

Shares 226,688 Value ($000) $2,827 Avg Close $12.06 Range $10.80 - $13.07

Q4 2024

Shares 226,688 Value ($000) $2,498 Avg Close $13.07 Range $10.75 - $15.10

Q3 2024

Shares 230,478 Value ($000) $3,284 Avg Close $15.00 Range $14.30 - $16.48

Q2 2024

Shares 232,630 Value ($000) $3,617 Avg Close $19.93 Range $14.06 - $23.56

Q1 2024

Shares 233,041 Value ($000) $5,199 Avg Close $23.15 Range $21.08 - $24.70

Q4 2023

Shares 233,041 Value ($000) $5,185 Avg Close $21.03 Range $18.89 - $27.00

Q3 2023

Shares 204,794 Value ($000) $4,301 Avg Close $21.19 Range $19.97 - $22.00

Q2 2023

Shares 204,794 Value ($000) $4,301 Avg Close $21.45 Range $19.07 - $25.00

Q1 2023

Shares 204,794 Value ($000) $4,534 Avg Close $23.92 Range $21.85 - $27.27

Q4 2022

Shares 204,794 Value ($000) $4,813 Avg Close $24.68 Range $22.28 - $29.18

Q3 2022

Shares 209,014 Value ($000) $5,434 Avg Close $25.41 Range $22.58 - $29.75

Q2 2022

Shares 206,671 Value ($000) $5,042 Avg Close $23.13 Range $21.70 - $25.98

Q1 2022

Shares 206,671 Value ($000) $4,708 Avg Close $22.89 Range $21.50 - $24.82

Q4 2021

Shares 195,348 Value ($000) $4,546 Avg Close $23.94 Range $21.92 - $27.49

Q3 2021

Shares 196,337 Value ($000) $4,415 Avg Close $22.65 Range $21.21 - $26.98

Q2 2021

Shares 187,909 Value ($000) $4,059 Avg Close $22.02 Range $20.05 - $28.58

Q1 2021

Shares 168,547 Value ($000) $3,683 Avg Close $22.20 Range $19.20 - $28.25

Q4 2020

Shares 150,229 Value ($000) $3,606 Avg Close $20.89 Range $16.25 - $24.91

Q3 2020

Shares 145,029 Value ($000) $2,866 Avg Close $23.37 Range $19.22 - $26.65

Q2 2020

Shares 145,644 Value ($000) $3,728 Avg Close $26.34 Range $23.12 - $29.80

Q1 2020

Shares 146,401 Value ($000) $3,845 Avg Close $29.42 Range $21.00 - $31.95

Q4 2019

Shares 131,867 Value ($000) $4,009 Avg Close $30.38 Range $29.13 - $31.69

Q3 2019

Shares 140,542 Value ($000) $4,181 Avg Close $29.87 Range $28.00 - $31.80

Q2 2019

Shares 135,914 Value ($000) $4,175 Avg Close $30.85 Range $28.00 - $34.88

Q1 2019

Shares 95,450 Value ($000) $3,104 Avg Close $33.42 Range $31.50 - $36.99

Q4 2018

Shares 91,807 Value ($000) $3,029 Avg Close $35.29 Range $30.05 - $37.89

Q3 2018

Shares 78,309 Value ($000) $2,830 Avg Close $37.13 Range $35.00 - $39.00

Q2 2018

Shares 71,509 Value ($000) $2,753 Avg Close $38.43 Range $36.50 - $40.10

Q1 2018

Shares 71,509 Value ($000) $2,664 Avg Close $39.59 Range $36.10 - $42.60

Q4 2017

Shares 71,509 Value ($000) $2,893 Avg Close $43.71 Range $40.00 - $46.60

Q3 2017

Shares 71,509 Value ($000) $3,261 Avg Close $42.16 Range $37.75 - $46.80

Q2 2017

Shares 62,997 Value ($000) $2,882 Avg Close $49.70 Range $45.23 - $52.05

Q1 2017

Shares 62,997 Value ($000) $3,216 Avg Close $50.15 Range $47.00 - $51.40

Q4 2016

Shares 62,997 Value ($000) $3,169 Avg Close $47.05 Range $40.00 - $51.25

Q3 2016

Shares 62,997 Value ($000) $2,856 Avg Close $41.29 Range $37.02 - $45.36

Q2 2016

Shares 62,997 Value ($000) $2,491 Avg Close $41.85 Range $36.70 - $46.10

Q1 2016

Shares 62,997 Value ($000) $2,524 Avg Close $39.18 Range $35.77 - $42.55

Q4 2015

Shares 62,997 Value ($000) $2,400 Avg Close $41.15 Range $33.57 - $48.09

Q3 2015

Shares 62,997 Value ($000) $2,118 Avg Close $36.78 Range $33.53 - $40.80

Q2 2015

Shares 30,425 Value ($000) $1,152 Avg Close $39.85 Range $37.51 - $43.15

Q1 2015

Shares 17,992 Value ($000) $801 Avg Close $41.65 Range $38.75 - $45.61

Q4 2014

Shares 16,845 Value ($000) $732 Avg Close $39.69 Range $34.57 - $45.49

Q3 2014

Shares 15,015 Value ($000) $504 Avg Close $37.94 Range $33.58 - $43.92

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	31,831	$364	$12.06	$11.27 - $13.19
Q3 2025	226,688	$2,820	$12.76	$11.80 - $14.21
Q2 2025	226,688	$2,890	$12.01	$11.05 - $14.27
Q1 2025	226,688	$2,827	$12.06	$10.80 - $13.07
Q4 2024	226,688	$2,498	$13.07	$10.75 - $15.10
Q3 2024	230,478	$3,284	$15.00	$14.30 - $16.48
Q2 2024	232,630	$3,617	$19.93	$14.06 - $23.56
Q1 2024	233,041	$5,199	$23.15	$21.08 - $24.70
Q4 2023	233,041	$5,185	$21.03	$18.89 - $27.00
Q3 2023	204,794	$4,301	$21.19	$19.97 - $22.00
Q2 2023	204,794	$4,301	$21.45	$19.07 - $25.00
Q1 2023	204,794	$4,534	$23.92	$21.85 - $27.27
Q4 2022	204,794	$4,813	$24.68	$22.28 - $29.18
Q3 2022	209,014	$5,434	$25.41	$22.58 - $29.75
Q2 2022	206,671	$5,042	$23.13	$21.70 - $25.98
Q1 2022	206,671	$4,708	$22.89	$21.50 - $24.82
Q4 2021	195,348	$4,546	$23.94	$21.92 - $27.49
Q3 2021	196,337	$4,415	$22.65	$21.21 - $26.98
Q2 2021	187,909	$4,059	$22.02	$20.05 - $28.58
Q1 2021	168,547	$3,683	$22.20	$19.20 - $28.25
Q4 2020	150,229	$3,606	$20.89	$16.25 - $24.91
Q3 2020	145,029	$2,866	$23.37	$19.22 - $26.65
Q2 2020	145,644	$3,728	$26.34	$23.12 - $29.80
Q1 2020	146,401	$3,845	$29.42	$21.00 - $31.95
Q4 2019	131,867	$4,009	$30.38	$29.13 - $31.69
Q3 2019	140,542	$4,181	$29.87	$28.00 - $31.80
Q2 2019	135,914	$4,175	$30.85	$28.00 - $34.88
Q1 2019	95,450	$3,104	$33.42	$31.50 - $36.99
Q4 2018	91,807	$3,029	$35.29	$30.05 - $37.89
Q3 2018	78,309	$2,830	$37.13	$35.00 - $39.00
Q2 2018	71,509	$2,753	$38.43	$36.50 - $40.10
Q1 2018	71,509	$2,664	$39.59	$36.10 - $42.60
Q4 2017	71,509	$2,893	$43.71	$40.00 - $46.60
Q3 2017	71,509	$3,261	$42.16	$37.75 - $46.80
Q2 2017	62,997	$2,882	$49.70	$45.23 - $52.05
Q1 2017	62,997	$3,216	$50.15	$47.00 - $51.40
Q4 2016	62,997	$3,169	$47.05	$40.00 - $51.25
Q3 2016	62,997	$2,856	$41.29	$37.02 - $45.36
Q2 2016	62,997	$2,491	$41.85	$36.70 - $46.10
Q1 2016	62,997	$2,524	$39.18	$35.77 - $42.55
Q4 2015	62,997	$2,400	$41.15	$33.57 - $48.09
Q3 2015	62,997	$2,118	$36.78	$33.53 - $40.80
Q2 2015	30,425	$1,152	$39.85	$37.51 - $43.15
Q1 2015	17,992	$801	$41.65	$38.75 - $45.61
Q4 2014	16,845	$732	$39.69	$34.57 - $45.49
Q3 2014	15,015	$504	$37.94	$33.58 - $43.92