Liberty Media (FWONA) awards 17,808 Formula One shares to top officer

Rhea-AI Filing Summary

Liberty Media Corp Chief Legal/Admin Officer Renee L. Wilm acquired 17,808 shares of Series C Liberty Formula One Common Stock through a grant tied to performance-based restricted stock units.

The shares, reported at $0.00 per share, increased her direct holdings to 34,978 shares after certification of performance criteria on February 4, 2026.

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

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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^*

Wilm Renee L

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal/Admin Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026

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 C Liberty Formula One Common Stock	02/04/2026		A		17,808(1)	A	$0.0000	34,978	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. Represents shares of Series C Liberty Formula One Common Stock to be issued as a result of the certification on February 4, 2026 of the satisfaction of performance criteria established for the performance-based restricted stock units granted to the reporting person on May 12, 2025.

	/s/ Brittany A. Uthoff as Attorney-in-Fact for Renee L. Wilm	02/23/2026
	** 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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FAQ

What insider transaction did Liberty Media (FWONA) report for Renee L. Wilm?

Liberty Media reported that Chief Legal/Admin Officer Renee L. Wilm acquired 17,808 shares of Series C Liberty Formula One Common Stock. The acquisition came from a performance-based equity award after performance criteria were certified on February 4, 2026, increasing her direct ownership stake.

How many Liberty Media (FWONA) shares does Renee L. Wilm own after this Form 4?

After the reported transaction, Renee L. Wilm directly owns 34,978 shares of Series C Liberty Formula One Common Stock. This reflects the addition of 17,808 shares issued upon certification of performance criteria for previously granted performance-based restricted stock units.

What was the price per share in Renee L. Wilm’s Liberty Media (FWONA) award?

The newly acquired 17,808 shares were reported at a price of $0.00 per share, indicating a grant or award rather than an open-market purchase. The shares were issued upon satisfaction of performance conditions for performance-based restricted stock units.

What triggered the share issuance in this Liberty Media (FWONA) Form 4 filing?

The share issuance was triggered by certification on February 4, 2026, that performance criteria were satisfied for performance-based restricted stock units granted on May 12, 2025. This certification caused 17,808 shares of Series C Liberty Formula One stock to be issued to Renee L. Wilm.

Was Renee L. Wilm’s Liberty Media (FWONA) transaction a market buy or a grant?

The transaction was a grant or award, not a market purchase. The filing classifies it as an acquisition from performance-based restricted stock units, with 17,808 shares issued at a reported price of $0.00 per share following satisfaction of specified performance criteria.

What type of security did Renee L. Wilm receive in the Liberty Media (FWONA) Form 4?

She received Series C Liberty Formula One Common Stock. The 17,808 shares were issued upon certification that performance conditions tied to previously granted performance-based restricted stock units had been met, increasing her directly held position in this specific share class.