Liberty Media (FWONA) CAO gains 9,127 Formula One shares via award

Rhea-AI Filing Summary

Liberty Media Corp reported that CAO/PFO Brian J. Wendling acquired 9,127 shares of Series C Liberty Formula One Common Stock through a grant valued at $0.00 per share. These shares are being issued after performance-based restricted stock units vested, bringing his direct holdings to 18,048 shares.

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^*

Wendling Brian J

(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)
	CAO/PFO

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		9,127(1)	A	$0.0000	18,048	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 Brian J. Wendling	02/23/2026
	** 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).
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FAQ

What insider transaction did Liberty Media Corp (FWONA) report for Brian J. Wendling?

Liberty Media Corp reported that CAO/PFO Brian J. Wendling acquired 9,127 shares of Series C Liberty Formula One Common Stock. The shares were issued upon certification that performance criteria for previously granted performance-based restricted stock units had been satisfied.

How many Liberty Media Corp Formula One shares does Brian J. Wendling now hold?

After the reported award, Brian J. Wendling directly holds 18,048 shares of Series C Liberty Formula One Common Stock. This total reflects the addition of 9,127 shares issued when performance-based restricted stock units vested based on certified performance criteria.

Was Brian J. Wendling’s Liberty Media share acquisition a market purchase?

No, the acquisition was not a market purchase. The 9,127 shares of Series C Liberty Formula One Common Stock were issued at $0.00 per share as a grant following the vesting of performance-based restricted stock units granted on May 12, 2025.

What triggered the issuance of 9,127 Liberty Media Formula One shares to Brian J. Wendling?

The issuance of 9,127 shares resulted from certification on February 4, 2026 that performance criteria were satisfied. These criteria applied to performance-based restricted stock units granted to Brian J. Wendling on May 12, 2025, leading to the share delivery.

What type of security did Brian J. Wendling receive from Liberty Media Corp?

Brian J. Wendling received Series C Liberty Formula One Common Stock. The 9,127 shares were issued upon vesting of performance-based restricted stock units, classified in the filing as a non-derivative grant or award acquisition with a transaction price of $0.00 per share.

How is Brian J. Wendling’s ownership in Liberty Media described after this Form 4?

Following the transaction, Brian J. Wendling’s ownership of Series C Liberty Formula One Common Stock is reported as direct. The Form 4 lists 18,048 shares held directly, with the new 9,127-share grant added to his existing holdings.