Liberty Media director exercises option for 3,824 shares

Available on EDGAR 11/12/2026 - 04:14 PM EST Accepted by SEC EDGAR 11/12/2026 - 04:14 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Liberty Media Corp director Malcolm Ian Grant Gilchrist exercised an option for 3,824 Series C Common Stock shares on November 10, 2026, at a $43.84 exercise price. He delivered or had withheld 1,543 shares for payment of exercise price or tax liability; no Rule 10b5-1 plan is reported. The May 12, 2026 reincorporation converted options into corresponding Nevada awards with the same share counts and terms.

Insider Trade Summary

3,824 shares exercised/converted

Exercise 3 txns

Insider Gilchrist Malcolm Ian Grant

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy) - FWONK F1	3,824	$0.00	$0.00
Exercise	Series C Common Stock F1	3,824	$43.84	$168K
Exercise Price or Tax Liability	Series C Common Stock F1	1,543	$108.70	$168K

Holdings After Transaction: Stock Option (Right to Buy) - FWONK — 0 options (Direct); Series C Common Stock — 2,281 shares (Direct)

Holdings Before and After: Stock Option (Right to Buy) - FWONK, 3,824 to 0 options (Direct); Series C Common Stock, 0 to 2,281 shares (Direct)

Footnotes (1)

1. F1. On May 12, 2026, the Issuer reincorporated from a corporation incorporated under the laws of the State of Delaware to a corporation incorporated under the laws of the State of Nevada by means of a plan of conversion. At the effective time of the conversion, (i) each outstanding share of Series C Liberty Formula One Common Stock of the Delaware corporation ("FWONK") automatically converted into one outstanding share of Series C Common Stock of the Nevada corporation ("FWONK-NV") and (ii) any option to purchase shares of FWONK automatically converted into a corresponding award with respect to the same number of shares of FWONK-NV with the same terms. The conversion did not alter the proportionate interests of security holders.

Key Figures

Shares acquired through option exercise: 3,824 shares Exercise price: $43.84 per share Shares delivered or withheld: 1,543 shares +1 more

4 metrics

Shares acquired through option exercise 3,824 shares November 10, 2026

Exercise price $43.84 per share Option exercised November 10, 2026

Shares delivered or withheld 1,543 shares For payment of exercise price or tax liability on November 10, 2026

Shares remaining in exercised option 0 shares Reported following the November 10, 2026 transaction

Key Terms

exercise price, derivative security

2 terms

exercise price financial

"at a $43.84 exercise price"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

derivative security technical

"the option exercise reported as a derivative security transaction"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

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

How many FWONA shares did Liberty Media director Malcolm Ian Grant Gilchrist acquire through option exercise?

On November 10, 2026, Malcolm Ian Grant Gilchrist, a Liberty Media Corp director, exercised an option for 3,824 Series C Common Stock shares at a $43.84 exercise price. He delivered or had withheld 1,543 shares for payment of exercise price or tax liability. No Rule 10b5-1 plan is reported.

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 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^*

Gilchrist Malcolm Ian Grant

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2026

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
Series C Common Stock(1)	11/10/2026		M		3,824	A	$43.84	3,824	D
Series C Common Stock(1)	11/10/2026		F		1,543	D	$108.7	2,281	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
Stock Option (Right to Buy) - FWONK	$43.84	11/10/2026		M			3,824	12/09/2020	12/09/2026	Series C Common Stock(1)	3,824	$0.0000	0.0000	D

Explanation of Responses:

1. On May 12, 2026, the Issuer reincorporated from a corporation incorporated under the laws of the State of Delaware to a corporation incorporated under the laws of the State of Nevada by means of a plan of conversion. At the effective time of the conversion, (i) each outstanding share of Series C Liberty Formula One Common Stock of the Delaware corporation ("FWONK") automatically converted into one outstanding share of Series C Common Stock of the Nevada corporation ("FWONK-NV") and (ii) any option to purchase shares of FWONK automatically converted into a corresponding award with respect to the same number of shares of FWONK-NV with the same terms. The conversion did not alter the proportionate interests of security holders.

	/s/ Brittany A. Uthoff as Attorney-in-Fact for Malcolm Ian Grant Gilchrist	11/12/2026
	** 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)