Fox director converts 2,235 deferred stock units

Fox Corp director William A. Burck acquired 2,235 shares of Class A Common Stock through the settlement of deferred stock units.

Rhea-AI Filing Summary

Fox Corp director William A. Burck acquired 2,235 shares of Class A Common Stock through the settlement of deferred stock units. The transaction occurred on April 1, 2026 and was recorded at a price of $0.00 per share, reflecting a compensation-related conversion rather than a market purchase.

The filing shows this exercise or conversion of deferred stock units into an equivalent number of Class A shares, increasing his directly held common stock position to 2,235 shares while reflecting ongoing equity-based compensation.

Insider Trade Summary

2,235 shares exercised/converted

Exercise 2 txns

Insider Burck William A

Role Director

Type	Security	Shares	Price	Value
Exercise	Deferred Stock Units	2,235	$0.00	$0.00
Exercise	Class A Common Stock	2,235	$0.00	$0.00

Holdings After Transaction: Deferred Stock Units — 26,966 contracts (Direct); Class A Common Stock — 2,235 shares (Direct)

Footnotes (3)

1. F1. The reported shares of Class A Common Stock of the Company were received for the settlement of deferred stock units.
2. F2. Each deferred stock unit represents the equivalent of one share of Class A Common Stock of the Company.
3. F3. The deferred stock units became payable in stock on April 1, 2026.

Key Figures

Deferred stock units exercised: 2,235 units Class A shares acquired: 2,235 shares Transaction price per share: $0.00 per share +2 more

5 metrics

Deferred stock units exercised 2,235 units Exercise or conversion on April 1, 2026

Class A shares acquired 2,235 shares Issued upon settlement of deferred stock units

Transaction price per share $0.00 per share Conversion price for deferred stock units

Class A shares held after 2,235 shares Direct ownership following the reported transaction

Deferred stock units balance 26,966 units Total deferred stock units shown following the transaction

Key Terms

Deferred Stock Units, Class A Common Stock, Exercise or conversion of derivative security

3 terms

Deferred Stock Units financial

"The reported shares of Class A Common Stock of the Company were received for the settlement of deferred stock units."

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Class A Common Stock financial

"Each deferred stock unit represents the equivalent of one share of Class A Common Stock of the Company."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Exercise or conversion of derivative security financial

"transaction_code_description":"Exercise or conversion of derivative security"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FOX director William Burck report?

William A. Burck reported acquiring 2,235 shares of Fox Corp Class A Common Stock. These shares came from the settlement of deferred stock units, converting his equity-based compensation into actual stock rather than representing an open-market purchase or sale.

How many Fox Corp shares did William Burck acquire in this Form 4?

William Burck acquired 2,235 shares of Fox Corp Class A Common Stock. The shares were issued upon settlement of an equal number of deferred stock units, each unit representing one share of Class A stock under the company’s compensation arrangements.

Was William Burck’s Fox Corp transaction a market buy or sale?

The transaction was not a market buy or sale. It was an exercise or conversion of deferred stock units into 2,235 Class A shares at $0.00 per share, reflecting equity compensation rather than an open-market trade on an exchange.

What does the deferred stock unit conversion mean for FOX ownership?

The conversion moves 2,235 units into actual Class A shares directly held by William Burck. This shifts part of his compensation from derivative-like deferred units into common stock, modestly increasing his direct share ownership stake in Fox Corp.

What was the price per share in William Burck’s FOX Form 4 transaction?

The reported transaction price per share was $0.00. This pricing reflects the settlement mechanics of deferred stock units being converted into 2,235 Class A shares as compensation, rather than a cash purchase of stock in the open market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/02/2026 - 04:15 PM Learn about SEC filing dates

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^*

Burck William A

(Last) (First) (Middle)

C/O FOX CORPORATION

1211 AVENUE OF THE AMERICAS

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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	04/01/2026		M		2,235	A	(1)	2,235	D

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	(2)	04/01/2026		M		2,235		(3)	(3)	Class A Common Stock	2,235	$0	26,966	D

Explanation of Responses:

1. The reported shares of Class A Common Stock of the Company were received for the settlement of deferred stock units.

2. Each deferred stock unit represents the equivalent of one share of Class A Common Stock of the Company.

3. The deferred stock units became payable in stock on April 1, 2026.

Remarks:

	/s/ Laura A. Cleveland as Attorney-in-Fact for William A. Burck	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)