Liberty Media director reports Liberty Live stock redemption

Liberty Media Corporation reported that director Chase Carey had certain Liberty Live shares redeemed as part of a corporate reorganization.

Rhea-AI Filing Summary

Liberty Media Corporation reported that director Chase Carey had certain Liberty Live shares redeemed as part of a corporate reorganization. On December 15, 2025, each share of Series A, Series B and Series C Liberty Live common stock of Liberty Media was redeemed for one share of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings, Inc.

The filing shows 219 shares of Series A Liberty Live common stock and 5,123 shares of Series C Liberty Live common stock disposed of in this redemption at a reported price of $0.0000 per share, leaving no beneficial holdings of these specific Liberty Live series afterward. The transactions were approved by Liberty Media’s board of directors under Rule 16b-3 of the Securities Exchange Act.

Insider Trade Summary

Other: 5,342 shares

Other 2 txns

Insider CAREY CHASE

Role Director

Type	Security	Shares	Price	Value
Other	Series A Liberty Live Common Stock	219	$0.00	$0.00
Other	Series C Liberty Live Common Stock	5,123	$0.00	$0.00

Holdings After Transaction: Series A Liberty Live Common Stock — 0 shares (Direct); Series C Liberty Live Common Stock — 0 shares (Direct)

Footnotes (1)

1. F1. On December 15, 2025, Liberty Media Corporation (the "Issuer") redeemed each share of its Series A Liberty Live common stock, Series B Liberty Live common stock and Series C Liberty Live common stock for one share of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings, Inc.

FAQ

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What insider transaction did Liberty Media Corp (FWONA) disclose in this Form 4?

The company disclosed that director Chase Carey had his Series A, Series B and Series C Liberty Live common stock in Liberty Media redeemed in exchange for corresponding Liberty Live Group common stock of Liberty Live Holdings, Inc. on December 15, 2025.

How many Liberty Live shares were redeemed for the Liberty Media director?

The filing reports the redemption of 219 shares of Series A Liberty Live common stock and 5,123 shares of Series C Liberty Live common stock held by the director.

What was the reported price for the Liberty Live share redemptions at Liberty Media?

Each reported redemption of Liberty Live common stock was shown at a price of $0.0000 per share, reflecting that this was part of a corporate exchange rather than an open-market trade.

What did Liberty Media Corp say about approval of these insider transactions?

The company stated that the transactions were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.

Did the Liberty Media director report any Liberty Live shares remaining after the transaction?

After the reported redemption transactions, the Form 4 shows zero Liberty Media Series A and Series C Liberty Live common shares beneficially owned by the director in the issuer.

What is the relationship of the reporting person to Liberty Media Corp?

The reporting person, Chase Carey, is identified in the filing as a Director of Liberty Media Corporation.

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Accepted by SEC EDGAR 12/17/2025 - 06:30 PM Learn about SEC filing dates

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^*

CAREY CHASE

(Last) (First) (Middle)

12300 LIBERTY BOULEVARD

(Street)

ENGLEWOOD CO 80112

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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 A Liberty Live Common Stock	12/15/2025		J(1)		219	D	$0.0000(1)	0.0000	D
Series C Liberty Live Common Stock	12/15/2025		J(1)		5,123	D	$0.0000(1)	0.0000	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

Explanation of Responses:

1. On December 15, 2025, Liberty Media Corporation (the "Issuer") redeemed each share of its Series A Liberty Live common stock, Series B Liberty Live common stock and Series C Liberty Live common stock for one share of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings, Inc.

Remarks:

The transactions described above were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

	/s/ Brittany A. Uthoff as Attorney-in-Fact for Chase Carey	12/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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