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Fox CEO Lachlan Murdoch acquires 781 stock units

The dividend-equivalent units follow three separate grant vesting schedules, with the last scheduled vesting date on August 15, 2029.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Fox Corp (symbol: FOX) is the issuer of record for a Form 4 filing submitted to the SEC. Fox Corp's Executive Chair, CEO and director Lachlan K. Murdoch reported three direct acquisitions of restricted stock units on September 23, 2026: 249, 305 and 781 units. Each unit represents the equivalent of one share of Class A Common Stock, and the reported amounts represent dividend equivalents accrued with respect to restricted stock units.

The 249-unit grant vested one-third on August 15, 2025, and one-third on August 15, 2026, with the remainder scheduled to vest on August 15, 2027. The 305-unit grant vested one-third on August 15, 2026, with one-third scheduled for August 15, 2027 and the remainder for August 15, 2028. The 781-unit grant is scheduled to vest in thirds on August 15, 2027, August 15, 2028 and August 15, 2029.

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Insider MURDOCH LACHLAN K
Role Executive Chair, CEO
Type Security Shares Price Value
Grant/Award Restricted Stock Units F1, F2, F3, F4 249 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F2, F5, F4 305 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F2, F6, F4 781 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 295,882 contracts (Direct)
Footnotes (6)
  1. F1. Each restricted stock unit represents the equivalent of one share of Fox Corporation's Class A Common Stock.
  2. F2. Represents dividend equivalents accrued with respect to restricted stock units.
  3. F3. The restricted stock units vested one-third on August 15, 2025, one-third on August 15, 2026 and the remainder of the award will vest on August 15, 2027.
  4. F4. Represents the aggregate number of restricted stock units with respect to a specific grant that are held by the Reporting Person, including dividend equivalents accrued that vest on the same terms as the respective underlying restricted stock units.
  5. F5. The restricted stock units vested one-third on August 15, 2026, will vest one-third on August 15, 2027 and the remainder of the award will vest on August 15, 2028.
  6. F6. The restricted stock units will vest one-third on each of August 15, 2027, August 15, 2028 and August 15, 2029.
Restricted stock units acquired 249 restricted stock units Direct acquisition on September 23, 2026; reported amount represents dividend equivalents accrued with respect to restricted stock units.
Restricted stock units acquired 305 restricted stock units Direct acquisition on September 23, 2026; reported amount represents dividend equivalents accrued with respect to restricted stock units.
Restricted stock units acquired 781 restricted stock units Direct acquisition on September 23, 2026; reported amount represents dividend equivalents accrued with respect to restricted stock units.
Underlying share equivalence 1 share of Class A Common Stock per restricted stock unit Each restricted stock unit represents the equivalent of one share.
Restricted Stock Units financial
"Each restricted stock unit represents the equivalent of one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalents financial
"Represents dividend equivalents accrued with respect to restricted stock units"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
vest financial
"the remainder of the award will vest on August 15, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

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

How many RSUs did FOX's Executive Chair and CEO acquire?
Lachlan K. Murdoch acquired 249, 305 and 781 restricted stock units in separate direct transactions on September 23, 2026. The reported amounts represent dividend equivalents accrued with respect to restricted stock units.

When do Lachlan K. Murdoch's FOX restricted stock units vest?
The 249-unit grant vested one-third on August 15, 2025, and one-third on August 15, 2026, with the remainder scheduled for August 15, 2027. The 305-unit grant vested one-third on August 15, 2026, with one-third scheduled for August 15, 2027 and the remainder for August 15, 2028. The 781-unit grant is scheduled to vest in thirds on August 15, 2027, August 15, 2028 and August 15, 2029.

Were the FOX RSU acquisitions made under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported for these transactions.

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

Form 4 Insider Transactions: What Each Field Means →
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SEC Form 4
FORM 4UNITED 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 LACHLAN K
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Executive Chair, CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/23/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)09/23/2026A249(2) (3) (3)Class A Common Stock249$055,170(4)D
Restricted Stock Units(1)09/23/2026A305(2) (5) (5)Class A Common Stock305$067,577(4)D
Restricted Stock Units(1)09/23/2026A781(2) (6) (6)Class A Common Stock781$0173,135(4)D
Explanation of Responses:
1. Each restricted stock unit represents the equivalent of one share of Fox Corporation's Class A Common Stock.
2. Represents dividend equivalents accrued with respect to restricted stock units.
3. The restricted stock units vested one-third on August 15, 2025, one-third on August 15, 2026 and the remainder of the award will vest on August 15, 2027.
4. Represents the aggregate number of restricted stock units with respect to a specific grant that are held by the Reporting Person, including dividend equivalents accrued that vest on the same terms as the respective underlying restricted stock units.
5. The restricted stock units vested one-third on August 15, 2026, will vest one-third on August 15, 2027 and the remainder of the award will vest on August 15, 2028.
6. The restricted stock units will vest one-third on each of August 15, 2027, August 15, 2028 and August 15, 2029.
Remarks:
/s/ Laura A. Cleveland as Attorney-in-Fact for Lachlan K. Murdoch09/24/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

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