Fox COO exercises options and sells 459,115 shares
Fox Corp President and COO John Nallen exercised stock options and sold shares of Class A Common Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Fox Corp President and COO John Nallen exercised stock options and sold shares of Class A Common Stock. On March 11–12, 2026, he exercised options covering 459,115 shares at exercise prices of $40.26 and $36.00 per share.
Over the same two days, he completed open-market sales totaling 459,115 shares at weighted average prices in the $57–$58 range under a pre-arranged Rule 10b5-1 trading plan. After these transactions, he directly holds 383,066 shares and has an additional 95,508 shares held indirectly by a trust.
Insider Trade Summary 10b5-1
Exercise and Sale: 459,115 shares ($8.74M approx. pre-tax spread)
Exercise and Sale
11 txns
Insider
NALLEN JOHN
Role
President, COO
Sold
459,115 shs ($26.49M)
Approx. gross sale proceeds
$26.49M
Approx. exercise cost
$17.76M
Approx. pre-tax spread
$8.74M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 46,041 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) | 170,765 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 46,041 | $40.26 | $1.85M |
| Exercise | Class A Common Stock | 170,765 | $36.00 | $6.15M |
| Sale | Class A Common Stock | 212,253 | $57.67 | $12.24M |
| Sale | Class A Common Stock | 4,553 | $58.08 | $264K |
| Exercise | Stock Option (Right to Buy) | 242,309 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 242,309 | $40.26 | $9.76M |
| Sale | Class A Common Stock | 239,907 | $57.73 | $13.85M |
| Sale | Class A Common Stock | 2,402 | $58.32 | $140K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Class A Common Stock — 383,066 shares (Direct);
Class A Common Stock — 95,508 shares (Indirect, By Trust)
Footnotes (7)
- F1. Transaction effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 2, 2025.
- F2. 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.
- F3. 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.
- F4. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices from $57.06 to $58.055 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.
- F5. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices from $58.06 to $58.13 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.
- F6. The stock options were granted under an award that vested 50% on June 15, 2020 and 50% on June 15, 2021.
- F7. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Fox (FOX) executive John Nallen report in this Form 4?
John Nallen, President and COO of Fox, reported exercising stock options and selling the resulting Class A Common Stock. He exercised options for 459,115 shares, then sold 459,115 shares in open-market transactions while retaining a substantial remaining equity stake.
How many Fox (FOX) options did John Nallen exercise and at what strike prices?
He exercised stock options covering 459,115 underlying Fox Class A shares. The options had exercise prices of $40.26 and $36.00 per share, reflecting previously granted awards that had already vested before these March 2026 transactions.
Was John Nallen’s Fox (FOX) stock sale under a Rule 10b5-1 plan?
Yes. A footnote states the transactions were effected under a Rule 10b5-1 trading plan adopted on December 2, 2025. Such pre-arranged plans schedule trades in advance, which typically makes the timing less indicative of short-term views.
What pattern do John Nallen’s March 2026 Fox (FOX) transactions show?
The Form 4 shows an exercise-and-sell pattern. Nallen exercised vested stock options to acquire 459,115 shares, then sold the same number of shares in the market, while still maintaining substantial direct and indirect Fox share holdings afterward.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates