03/13/2026 | Press release | Distributed by Public on 03/13/2026 18:02
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Option (Right to Buy) | $40.26 | 03/11/2026 | M(1) | 242,747 | (12) | 03/19/2026 | Class A Common Stock | 242,747 | $ 0 | 333,954 | D | ||||
| Stock Option (Right to Buy) | $40.26 | 03/12/2026 | M(1) | 247,257 | (12) | 03/19/2026 | Class A Common Stock | 247,257 | $ 0 | 86,697 | D | ||||
| Stock Option (Right to Buy) | $40.26 | 03/13/2026 | M(1) | 86,697 | (12) | 03/19/2026 | Class A Common Stock | 86,697 | $ 0 | 0 | D | ||||
| Stock Option (Right to Buy) | $36 | 03/13/2026 | M(1) | 375,683 | (13) | 08/05/2026 | Class A Common Stock | 375,683 | $ 0 | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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MURDOCH LACHLAN K C/O FOX CORPORATION 1211 AVENUE OF THE AMERICAS NEW YORK, NY 10036 |
X | Executive Chair, CEO | ||
| /s/ Laura A. Cleveland as Attorney-in-Fact for Lachlan K. Murdoch | 03/13/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Transaction effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 2, 2025. |
| (2) | The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices from $57.28 to $58.27 per share, inclusive. The price reported represents the weighted average price. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range. |
| (3) | The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices from $58.28 to $58.35 per share, inclusive. The price reported represents the weighted average price. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range. |
| (4) | The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices from $57.02 to $58.01 per share, inclusive. The price reported represents the weighted average price. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range. |
| (5) | The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices from $58.02 to $58.12 per share, inclusive. The price reported represents the weighted average price. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range. |
| (6) | The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices from $56.19 to $57.185 per share, inclusive. The price reported represents the weighted average price. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range. |
| (7) | The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices from $57.19 to $58.18 per share, inclusive. The price reported represents the weighted average price. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range. |
| (8) | The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices from $58.20 to $59.08 per share, inclusive. The price reported represents the weighted average price. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range. |
| (9) | The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices from $59.25 to $60.21 per share, inclusive. The price reported represents the weighted average price. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range. |
| (10) | The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices from $60.37 to $60.63 per share, inclusive. The price reported represents the weighted average price. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range. |
| (11) | The reporting person sold the reported securities to the LKM Family Trust, which is administered by an independent trustee for the benefit of the reporting person, his immediate family members and certain charitable organizations. |
| (12) | The stock options were granted under an award that vested 50% on June 15, 2020 and 50% on June 15, 2021. |
| (13) | The stock options were granted under an award that vested one-third on each of August 15, 2020, August 15, 2021 and August 15, 2022. |