[Form 4] Fox Corp Insider Trading Activity

Rhea-AI Filing Summary

Fox Corp (FOX): Chairman Emeritus Keith Rupert Murdoch reported an option exercise and sale on 11/07/2025. He exercised options for 168,756 Class A shares at $33.50 per share and sold the same number in open‑market transactions at a weighted average price of $65.97, with individual sale prices ranging from $65.50 to $66.48. Following these transactions, his direct holdings were 0 shares. He also reported 60,132 shares held indirectly by the K. Rupert Murdoch 2004 Revocable Trust.

Insights

Insider transactions analyst

Routine option exercise and same‑day sale; neutral signal.

Keith Rupert Murdoch exercised stock options at an exercise price of $33.50 on 11/07/2025 for 168,756 Class A shares and sold the same amount in open‑market trades at a weighted average of $65.97.

The filing notes sales occurred across multiple prices between $65.50 and $66.48. After these transactions, direct ownership was 0 shares, with 60,132 shares reported as indirectly held via a revocable trust.

These are standard insider mechanics (exercise coded “M” and sale coded “S”). Actual market impact depends on trading volume and was not addressed in the excerpt.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MURDOCH KEITH RUPERT

(Last) (First) (Middle)

C/O FOX CORPORATION

1211 AVENUE OF THE AMERICAS

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Fox Corp [ FOX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Chairman Emeritus

3. Date of Earliest Transaction (Month/Day/Year)
11/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/07/2025		M		168,756	A	$33.5	168,756	D
Class A Common Stock	11/07/2025		S		168,756	D	$65.97(1)(2)	0	D
Class A Common Stock								60,132	I	By K. Rupert Murdoch 2004 Revocable Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$33.5	11/07/2025		M			168,756	08/08/2025	11/17/2026	Class A Common Stock	168,756	$0	0	D

Explanation of Responses:

1. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices. 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.

2. Sales prices range from $65.50 to $66.48 per share, inclusive.

Remarks:

	/s/ Laura A. Cleveland as Attorney-in-Fact for Keith Rupert Murdoch	11/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.

FAQ

What did FOX Chairman Emeritus Keith Rupert Murdoch report on Form 4?

He exercised options for 168,756 Class A shares at $33.50 and sold 168,756 shares at a $65.97 weighted average on 11/07/2025.

What prices did Keith Rupert Murdoch’s FOX share sales occur at?

Sales were executed across multiple trades, with prices ranging from $65.50 to $66.48 per share.

How many FOX shares does Keith Rupert Murdoch hold directly after the transactions?

He reported 0 Class A shares held directly after the transactions.

Does Keith Rupert Murdoch report any indirect ownership of FOX shares?

Yes. He reported 60,132 Class A shares held indirectly by the K. Rupert Murdoch 2004 Revocable Trust.

What transaction codes were used in the FOX Form 4 filing?

Option exercise was coded M, and open‑market sale was coded S.

What was the exercise (strike) price of the FOX stock options?

The stock option exercise price was $33.50 per share.