Company: SGA
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001558370-25-008957
Chunk: 10

Company: SAGA COMMUNICATIONS INC
Filing Date: 2025-06-27
Form: 11-K
Chunk 10
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 ​            |          ​ | ​ |
| *   |   | Saga Communications, Inc.                                    |   | Common Stock                           |   |              |   |              |  1,749,174 |   |
| *   |   | Participant loans receivable                                 |   | Interest rates 4.25% - 9.5%            |   |              |   |              |    335,344 |   |
|     |   | Total investments                                            |   |                                        |   |              |   | $            | 45,951,261 |   |

| (1) | Cost is not required for participant-directed investments.                                                   |
| *   | Principal Financial Group, including associated funds, participants and the Company are parties-in-interest. |

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<div align='center'>EXHIBIT TO REPORT ON FORM 11-K</div>

Exhibit No.Description

23.1Consent of UHY LLP

<div align='center'>16</div>

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the administrator of the Plan has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

| ​                   
 ​                   
 Date: June 27, 2025 | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | ​                                                                          
 SAGA COMMUNICATIONS, INC. EMPLOYEES’ 401(K) SAVINGS AND INVESTMENT PLAN    
 /s/ Annette Calcaterra                                                     | ​ 
 ​ 
 ​ |
|:--------------------|:--|:--|:--|:---------------------------------------------------------------------------|:--|
| ​                   | ​ | ​ | ​ | Annette Calcaterra Vice President of Human Resourcesand Plan Administrator | ​ |
| ​                   | ​ | ​ | ​ | ​                                                                          | ​ |
| Date: June 27, 2025 | ​ | ​ | ​ | /s/ Catherine Bobinski                                                     | ​ |
| ​                   | ​ | ​ | ​ | Catherine BobinskiSenior Vice President and                                
 Chief Accounting Officer​                                                  | ​ |
| ​                   | ​ | ​ | ​ | ​                                                                          | ​ |

17