Fox Corp insider filing shows 52 deferred stock units; aggregate 11,540 units

Rhea-AI Filing Summary

Fox Corporation director Anthony J. Abbott received 52 deferred stock units on 09/24/2025, each unit representing one share of Fox Class A common stock. The filing shows the units include dividend equivalents and were granted at a reference price of $60.16 per share. The deferred stock units representing dividend equivalents become payable in stock when the underlying units are paid out. The reported units vest and become payable on the earlier of the first trading day of the quarter five years after the grant or the reporting person’s end of service as a director. After this grant, Mr. Abbott holds an aggregate of 11,540 deferred stock units, reported as directly beneficially owned.

Positive

• Equity alignment: Director received equity-linked compensation (52 deferred stock units), aligning interests with shareholders.
• Transparent disclosure: Filing specifies dividend equivalents, payout conditions, and aggregate holdings of 11,540 units.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR Routine director equity award: 52 deferred stock units granted, total holdings now 11,540 units, payable in stock under deferred schedule.

This Form 4 discloses a standard director equity compensation event rather than a market transaction. The award is structured as deferred stock units with dividend equivalents and a payout schedule tied to tenure or a five-year deferral, which aligns with common governance practices to link compensation to continued service. The filing reports direct beneficial ownership and identifies the grant price reference of $60.16 per share for the dividend-equivalent units. No sale or exercise of options is reported, and there are no indications of changes in control, pledging, or other encumbrances disclosed.

Securities Analyst

TL;DR Compensation-related insider grant disclosed: small incremental equity increase for director, recorded as deferred stock units.

The transaction shown is an acquisition (grant) of 52 deferred stock units recorded on 09/24/2025 and reported on Form 4. The filing clarifies that dividend equivalents are included and that the aggregate holding after the grant is 11,540 deferred stock units, direct ownership. This is a routine disclosure that updates insider holdings and does not report disposal or trading activity. The disclosure provides clear mechanics for payout timing but contains no financial performance metrics or other material corporate events.

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).

1. Name and Address of Reporting Person^*

Abbott Anthony J

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2025

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

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
Deferred Stock Units	(1)	09/24/2025		A		52(2)		(3)	(3)	Class A Common Stock	52	$60.16	11,540(4)	D

Explanation of Responses:

1. Each deferred stock unit represents the equivalent of one share of Fox Corporation's Class A Common Stock.

2. Represents dividend equivalents accrued with respect to deferred stock units.

3. The deferred stock units representing dividend equivalents become payable in stock upon the pay out of the underlying deferred stock units. The reported deferred stock units become payable on the earlier of (i) the first trading day of the quarter five years following the grant and (ii) the Reporting Person's end of service as a Director.

4. Represents the aggregate number of deferred stock units held by the Reporting Person, including dividend equivalents accrued that vest on the same terms as the respective underlying deferred stock units.

Remarks:

	/s/ Laura A. Cleveland as Attorney-in-Fact for Anthony J. Abbott	09/25/2025
	** 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 change in ownership did Anthony J. Abbott report on Form 4 for FOX?

He reported acquisition of 52 deferred stock units on 09/24/2025, increasing his aggregate holdings to 11,540 deferred stock units.

Are the deferred stock units payable in cash or stock according to the filing?

The filing states the deferred stock units and dividend equivalents become payable in stock upon payout of the underlying deferred stock units.

When do the deferred stock units become payable?

They become payable on the earlier of: the first trading day of the quarter five years after the grant or the reporting person’s end of service as a director.

What price is referenced for the reported deferred stock units?

The filing shows a referenced price of $60.16 per share for the reported units.

Does the Form 4 report any disposal or sale of Fox Corporation securities by the reporting person?

No. The Form 4 reports an acquisition (grant) of deferred stock units; there is no disposal or sale reported.

Is the reported ownership direct or indirect?

The filing indicates the ownership form is Direct (D) for the reported deferred stock units.