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Liberty Media director Chase Carey sells 574,331 shares

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Form Type
4

Rhea-AI Filing Summary

Liberty Media Corp director Chase Carey exercised options to acquire 574,331 Series C Common Stock shares at $28 per share from November 9 through November 12, 2026, and reported sales of 574,331 shares over the same dates. The sale records include multiple weighted-average-price tranches, including 14,906 shares at $106.8696 on November 9 and 126,471 shares at $110.1030 on November 12.

Insider CAREY CHASE
Role Director
Sold 574,331 shs ($62.13M)
Approx. gross sale proceeds $62.13M
Approx. exercise cost $16.08M
Approx. pre-tax spread $46.04M
Share of Position Sold 85.9%
Type Security Shares Price Value
Exercise Stock Option (Right to Buy) - FWONK F12 137,331 $0.00 $0.00
Exercise Series C Common Stock 137,331 $28.00 $3.85M
Sale Series C Common Stock F10 10,860 $110.6048 $1.20M
Sale Series C Common Stock F11 126,471 $110.103 $13.92M
Exercise Stock Option (Right to Buy) - FWONK F12 137,000 $0.00 $0.00
Exercise Series C Common Stock 137,000 $28.00 $3.84M
Sale Series C Common Stock F7 12,701 $110.28 $1.40M
Sale Series C Common Stock F8 39,480 $109.4136 $4.32M
Sale Series C Common Stock F9 84,819 $108.471 $9.20M
Exercise Stock Option (Right to Buy) - FWONK F12 150,000 $0.00 $0.00
Exercise Series C Common Stock 150,000 $28.00 $4.20M
Sale Series C Common Stock F4 43,788 $107.003 $4.69M
Sale Series C Common Stock F5 48,376 $108.5887 $5.25M
Sale Series C Common Stock F6 57,836 $107.8887 $6.24M
Exercise Stock Option (Right to Buy) - FWONK F12 150,000 $0.00 $0.00
Exercise Series C Common Stock 150,000 $28.00 $4.20M
Sale Series C Common Stock F1 14,906 $106.8696 $1.59M
Sale Series C Common Stock F2 38,322 $105.1259 $4.03M
Sale Series C Common Stock F3 96,772 $106.219 $10.28M
Holdings After Transaction: Stock Option (Right to Buy) - FWONK — 0 options (Direct); Series C Common Stock — 94,356 shares (Direct)
Holdings Before and After: Stock Option (Right to Buy) - FWONK, 574,331 to 0 options (Direct); Series C Common Stock, 94,356 to 94,356 shares (Direct)
Footnotes (12)
  1. F1. The price is a weighted average price. These shares were sold in multiple transactions ranging from $106.560 to $106.950, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
  2. F2. The price is a weighted average price. These shares were sold in multiple transactions ranging from $104.555 to $105.550, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
  3. F3. The price is a weighted average price. These shares were sold in multiple transactions ranging from $105.555 to $106.540, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
  4. F4. The price is a weighted average price. These shares were sold in multiple transactions ranging from $106.340 to $107.335, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
  5. F5. The price is a weighted average price. These shares were sold in multiple transactions ranging from $108.345 to $108.940, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
  6. F6. The price is a weighted average price. These shares were sold in multiple transactions ranging from $107.340 to $108.335, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
  7. F7. The price is a weighted average price. These shares were sold in multiple transactions ranging from $110.045 to $110.440, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
  8. F8. The price is a weighted average price. These shares were sold in multiple transactions ranging from $108.980 to $109.960, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
  9. F9. The price is a weighted average price. These shares were sold in multiple transactions ranging from $107.980 to $108.960, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
  10. F10. The price is a weighted average price. These shares were sold in multiple transactions ranging from $110.435 to $111.180, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
  11. F11. The price is a weighted average price. These shares were sold in multiple transactions ranging from $109.435 to $110.430, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
  12. F12. This option award is fully exercisable.
Options exercised 574,331 shares From November 9 through November 12, 2026
Exercise price $28 per share For the option exercises from November 9 through November 12, 2026
Shares sold 574,331 shares Sales reported from November 9 through November 12, 2026
Weighted-average sale price $106.8696 per share 14,906 shares sold November 9, 2026
Weighted-average sale price $110.1030 per share 126,471 shares sold November 12, 2026
Option expiration date March 11, 2027 Expiration date listed for the options
Stock Option (Right to Buy) technical
"Stock Option (Right to Buy) - FWONK"
Series C Common Stock technical
"Shares of Series C Common Stock acquired upon exercise"
Series C common stock is a specific class of a company’s ordinary shares that is labeled “Series C” to distinguish its rights and history from other share classes. Investors should care because these shares can carry different voting power, dividend rules, or priority if the company is sold, so owning Series C is like having a particular model of a product with slightly different features that affect control, payout and value compared with other share classes.
weighted average price financial
"The price is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
fully exercisable technical
"This option award is fully exercisable."

FAQ

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

How many FWONA shares did director Chase Carey exercise and sell?

Chase Carey exercised options to acquire 574,331 Series C Common Stock shares at $28 per share and reported sales of 574,331 shares from November 9 through November 12, 2026. Sales were reported in multiple weighted-average-price tranches.

When do Chase Carey's options expire?

The option records list March 11, 2027 as the expiration date; the associated footnote states that the option award is fully exercisable.

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

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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*
CAREY CHASE

(Last)(First)(Middle)
12300 LIBERTY BOULEVARD

(Street)
ENGLEWOOD COLORADO 80112

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Liberty Media Corp [ FWONK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
11/09/2026
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
Series C Common Stock11/09/2026M150,000A$28244,356D
Series C Common Stock11/09/2026S14,906D$106.8696(1)229,450D
Series C Common Stock11/09/2026S38,322D$105.1259(2)191,128D
Series C Common Stock11/09/2026S96,772D$106.219(3)94,356D
Series C Common Stock11/10/2026M150,000A$28244,356D
Series C Common Stock11/10/2026S43,788D$107.003(4)200,568D
Series C Common Stock11/10/2026S48,376D$108.5887(5)152,192D
Series C Common Stock11/10/2026S57,836D$107.8887(6)94,356D
Series C Common Stock11/11/2026M137,000A$28231,356D
Series C Common Stock11/11/2026S12,701D$110.28(7)218,655D
Series C Common Stock11/11/2026S39,480D$109.4136(8)179,175D
Series C Common Stock11/11/2026S84,819D$108.471(9)94,356D
Series C Common Stock11/12/2026M137,331A$28231,687D
Series C Common Stock11/12/2026S10,860D$110.6048(10)220,827D
Series C Common Stock11/12/2026S126,471D$110.103(11)94,356D
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
Stock Option (Right to Buy) - FWONK$2811/09/2026M150,000 (12)03/11/2027Series C Common Stock150,000$0.0000424,331D
Stock Option (Right to Buy) - FWONK$2811/10/2026M150,000 (12)03/11/2027Series C Common Stock150,000$0.0000274,331D
Stock Option (Right to Buy) - FWONK$2811/11/2026M137,000 (12)03/11/2027Series C Common Stock137,000$0.0000137,331D
Stock Option (Right to Buy) - FWONK$2811/12/2026M137,331 (12)03/11/2027Series C Common Stock137,331$0.00000.0000D
Explanation of Responses:
1. The price is a weighted average price. These shares were sold in multiple transactions ranging from $106.560 to $106.950, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
2. The price is a weighted average price. These shares were sold in multiple transactions ranging from $104.555 to $105.550, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
3. The price is a weighted average price. These shares were sold in multiple transactions ranging from $105.555 to $106.540, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
4. The price is a weighted average price. These shares were sold in multiple transactions ranging from $106.340 to $107.335, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
5. The price is a weighted average price. These shares were sold in multiple transactions ranging from $108.345 to $108.940, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
6. The price is a weighted average price. These shares were sold in multiple transactions ranging from $107.340 to $108.335, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
7. The price is a weighted average price. These shares were sold in multiple transactions ranging from $110.045 to $110.440, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
8. The price is a weighted average price. These shares were sold in multiple transactions ranging from $108.980 to $109.960, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
9. The price is a weighted average price. These shares were sold in multiple transactions ranging from $107.980 to $108.960, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
10. The price is a weighted average price. These shares were sold in multiple transactions ranging from $110.435 to $111.180, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
11. The price is a weighted average price. These shares were sold in multiple transactions ranging from $109.435 to $110.430, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
12. This option award is fully exercisable.
/s/ Brittany A. Uthoff as Attorney-in-Fact for Chase Carey11/12/2026
** 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)

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