[Form 4] Liberty Media Corp Insider Trading Activity

Rhea-AI Filing Summary

Liberty Media Corp director Chase Carey reported insider transactions in Series C Liberty Formula One (FWONK) on 11/10/2025. He exercised 109,121 stock options at $33.22 and sold shares in two trades: 9,941 shares at a weighted average of $103.1174 and 99,180 shares at a weighted average of $102.482.

Following these transactions, he directly owned 93,102 shares. The filing lists 248,042 derivative securities (stock options) beneficially owned after the transactions; the noted option award is fully exercisable and shows an expiration date of 03/06/2026.

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

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)
11/10/2025

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 C Liberty Formula One Common Stock	11/10/2025		M		109,121	A	$33.22	202,223	D
Series C Liberty Formula One Common Stock	11/10/2025		S		9,941	D	$103.1174(1)	192,282	D
Series C Liberty Formula One Common Stock	11/10/2025		S		99,180	D	$102.482(2)	93,102	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	$33.22	11/10/2025		M			109,121	(3)	03/06/2026	Series C Liberty Formula One Common Stock	109,121	$0.0000	248,042	D

Explanation of Responses:

1. The price is a weighted average price. These shares were sold in multiple transactions ranging from $103.020 to $103.290, 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 $102.005 to $103.000, 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. This option award is fully exercisable.

	/s/ Brittany A. Uthoff as Attorney-in-Fact for Chase Carey	11/12/2025
	** 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.

FAQ

What insider activity was reported for Liberty Media (FWONK)?

A director exercised 109,121 stock options at $33.22 and sold 9,941 and 99,180 FWONK shares at weighted average prices of $103.1174 and $102.482 on 11/10/2025.

How many FWONK shares did the insider hold after the transactions?

The insider directly owned 93,102 shares following the reported transactions.

What prices were the FWONK shares sold at?

Sales were at weighted average prices of $103.1174 for 9,941 shares and $102.482 for 99,180 shares.

What was the option exercise price and amount for FWONK?

The insider exercised 109,121 stock options at an exercise price of $33.22 per share.

What derivative holdings remain after the FWONK transactions?

The filing shows 248,042 derivative securities (stock options) beneficially owned after the transactions; the option award is fully exercisable and shows an expiration of 03/06/2026.

Were the FWONK sales executed in multiple trades?

Yes. The filing notes weighted average prices with ranges of $103.020–$103.290 and $102.005–$103.000 for the respective sale blocks.