Company: SGA
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001558370-25-008957
Chunk: 9

Company: SAGA COMMUNICATIONS INC
Filing Date: 2025-06-27
Form: 11-K
Chunk 9
---
 the statements of net assets available for benefits.

#### 7.

#### Related Party and Party in Interest Transactions
The Plan provides for an investment option in the Class A common stock of the Company. These transactions qualify as party-in-interest transactions; however, they are exempt from the prohibited transaction rules under ERISA.

During the years ended December 31, 2024, and 2023 the Plan recorded dividend income of $259,232 and $424,887, respectively, from the Company’s shares. Dividends receivable for the years ended December 31, 2024 and 2023 were $0 and $282,875, respectively.

<div align='center'>13

Supplemental Schedule

14</div>

Saga Communications, Inc. Employees’ 401(k) Savings and Investment Plan Employer ID 

# 38-3042953 Plan #001 Schedule H, line 4i—Schedule of Assets (Held at End of Year)
December 31, 2024

| (a) |   | (b) Identity                                                 
 of Issue, Borrower,                                          
 Lessor or Similar Party                                      |   | (c ) Description of Investments,       
 Including Maturity Date, Rate of       
 Interest, in fair value of investments |   | (d) Cost (1) |   | (e ) Current 
 Value        |            |   |
|:----|:--|:-------------------------------------------------------------|:--|:---------------------------------------|:--|:-------------|:--|:-------------|-----------:|:--|
| *   | ​ | Principal Fixed Income Guaranteed Option                     | ​ | Investment Contract                    | ​ | ​            | ​ | $            | 11,384,761 |   |
| ​   | ​ | Vanguard Equity Income Admiral Fund                          | ​ | Mutual Fund                            | ​ | ​            | ​ | ​            |  4,226,821 | ​ |
| ​   | ​ | JP Morgan Large Cap Growth R6 Fund                           | ​ | Mutual Fund                            | ​ | ​            | ​ | ​            |  4,079,050 | ​ |
| ​   | ​ | MFS International Diversification R3 Fund                    | ​ | Mutual Fund                            | ​ | ​            | ​ | ​            |  3,559,517 | ​ |
| ​   | ​ | Fidelity 500 Index Fund                                      | ​ | Mutual Fund                            | ​ | ​            | ​ | ​            |