Schedule H, line 4i-Schedule of Assets (Held at End of Year)

12 Months Ended

Dec. 31, 2025

Employees' 401(k) Savings and Investment Plan

Schedule H, line 4i-Schedule of Assets (Held at End of Year)

Schedule H, line 4i-Schedule of Assets (Held at End of Year)

Saga Communications, Inc.

Employees’ 401(k) Savings and Investment Plan

Employer ID # 38-3042953Plan #001

Schedule H, line 4i—Schedule of Assets (Held at End of Year)
December 31, 2025


		(b) Identity		(c ) Description of Investments,
		of Issue, Borrower,		Including Maturity Date, Rate of				(e ) Current
(a)		Lessor or Similar Party		Interest, in fair value of investments		(d) Cost ⁽¹⁾		Value

*		Principal Fixed Income Guaranteed Option		Investment Contract				$	11,424,075
*		JP Morgan Large Cap Growth R6 Fund		Mutual Fund					4,423,288
*		Vanguard Equity Income Admiral Fund		Mutual Fund					4,394,345
*		Fidelity 500 Index Fund		Mutual Fund					3,889,373
*		MFS International Diversification R3 Fund		Mutual Fund					3,533,780
*		Thornburg Strategic Income T6 Fund		Mutual Fund					3,087,345
*		Fidelity Advisor Total Bond I Fund		Mutual Fund					2,888,532
*		Fidelity International Index Fund		Mutual Fund					2,427,185
*		Fidelity US Bond Index Fund		Mutual Fund					2,129,017
*		Fidelity Mid Cap Index Fund		Mutual Fund					1,474,848
*		Fidelity Small Cap Index Fund		Mutual Fund					1,148,629
*		Allspring Special Mid Cap Value A Fund		Mutual Fund					1,108,563
*		T. Rowe Price Diversified Mid-Cap Growth Fund		Mutual Fund					1,054,709
*		Fidelity Advisor Small Cap Value I Fund		Mutual Fund					993,276
*		Putnam Small Cap Growth A Fund		Mutual Fund					821,958
*		American Funds New Work R2 Fund		Mutual Fund					724,874
*		Cohen & Steers Realty Shares Fund		Mutual Fund					27,587

*		Saga Communications, Inc.		Common Stock					1,957,750
*		Participant loans receivable		Interest rates 4.25% - 9.5%					308,976
		Total investments						$	47,818,110


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