Fox Corp Executive Chair and CEO Lachlan K. Murdoch reported a large exercise-and-sell transaction in Fox Class A shares. Over March 11–13, 2026, he exercised stock options covering 952,384 shares at exercise prices of 36.00 and 40.26 per share, converting them into common stock.
Across the same dates, he sold 1,127,756 Class A shares in multiple open-market trades, at weighted average prices generally between the high 50s and low 60s per share, under a pre-arranged Rule 10b5-1 trading plan adopted on December 2, 2025. In a related move, 175,372 shares were sold to, and then purchased by, the LKM Family Trust, which is administered by an independent trustee for the benefit of Murdoch, his family members and certain charities. Following these transactions, Murdoch holds 152 shares directly and 1,251,779 shares indirectly through the LKM Family Trust.
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.
Fox Corporation Rule 144 notice: The filing reports proposed/responsive sales of Class A Common Stock by Lachlan K. Murdoch on 03/11/2026 (242,747 shares for $14,015,726.29) and 03/12/2026 (247,257 shares for $14,264,256.33). The filing also lists an issuance on 03/13/2026 of Class A Common Stock upon exercise of stock options under a registration statement with cash proceeds to the issuer.
Fox Corporation reports a proposed sale of 247,257 shares of Class A Common Stock via Form 144. The filing states the shares are issuable upon exercise of stock options on 03/12/2026 and lists cash as the consideration.
The excerpt also discloses a prior sale by Lachlan K. Murdoch of 242,747 Class A shares on 03/11/2026. The filing is a notice of a planned affiliate sale; timing and additional distribution methods are not detailed in the provided excerpt.
FOX proposed the sale of Class A Common Stock under a Form 144 filing. The notice lists an issuance of 216,806 shares to be sold on 03/12/2026 upon exercise of stock options pursuant to a registration statement, with sales to be for cash.
The filing also records a sale by John Nallen of 242,309 Class A shares on 03/11/2026 for $13,990,800.51. The Form 144 entry names Morgan Stanley Smith Barney LLC Executive Financial Services as an intermediary.
FOX proposed sale of 242,747 shares of Class A Common Stock. The filing lists an intended sale on 03/11/2026 through Morgan Stanley Smith Barney LLC, described as issuance upon exercise of stock options pursuant to a registration statement. The transaction is to be sold for cash under Nasdaq trading rules.
FOX notice of proposed sale of 242,309 shares of Class A Common Stock dated 03/11/2026. The filing lists Morgan Stanley Smith Barney LLC as the broker and states the shares arise from issuance upon exercise of stock options pursuant to a registration statement. The sale is identified with Cash proceeds and is associated with Nasdaq-listed Class A Common Stock.
State Street Corporation filed a Schedule 13G reporting a significant institutional position in Fox Corp common stock. As of the event date, it beneficially owned 16,378,788 shares, representing 7.9% of the class.
State Street reports no sole voting or dispositive power, with shared voting power over 12,256,483 shares and shared dispositive power over 16,378,216 shares. The stake is held through various State Street Global Advisors asset management subsidiaries and is certified as acquired and held in the ordinary course of business, without any intent to change or influence control of Fox Corp.
Fox Corporation modestly grew revenue but saw earnings decline in its quarter ended December 31, 2025. Revenue rose 2% to $5.2 billion for the quarter and 3% to $8.9 billion for the first half, driven by higher distribution fees and advertising, including growth at Tubi and additional Major League Baseball postseason games.
Net income attributable to stockholders fell to $229 million for the quarter and $828 million for the first half, down 39% and 31% year over year, mainly because prior-year results benefited from large investment gains and higher legal settlement reversals. Sports rights amortization, digital content spending, and marketing for the new FOX One streaming service increased costs.
Fox repurchased about 25 million shares for roughly $1.8 billion in the first half under its $12 billion authorization, while paying $0.28 per share in semi-annual dividends. Heavy sports payments, lower political advertising, and buybacks contributed to a $3.3 billion reduction in cash, leaving $2.0 billion plus an undrawn $1.0 billion credit facility.
Fox Corporation furnished an update on its business by releasing financial results for the quarter ended December 31, 2025. The company provided these quarterly results through a press release, which is attached as Exhibit 99.1 to this current report on Form 8-K.