Liberty Media Corporation’s Chief Legal and Administrative Officer, Renee L. Wilm, reported changes in her holdings tied to Liberty Live tracking stock following a corporate reorganization on December 15, 2025. The company redeemed each share of its Series A, B and C Liberty Live common stock for one share of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings, Inc.
Wilm’s 13,401 shares of Series C Liberty Live common stock were disposed of at a reported price of $0.0000, reflecting the non-cash share-for-share redemption. Her restricted stock units covering 2,210 and 5,942 shares of Series C Liberty Live common stock and several stock options (including awards for 16,434, 604 and 4,295 underlying shares) were adjusted under anti-dilution provisions into equivalent awards over Liberty Live Holdings stock, with one RSU grant vesting on December 9, 2026 and one option award expiring on December 8, 2030. The company’s board approved these actions under Rule 16b-3.
Liberty Media Corporation director Larry E. Romrell reported a restructuring of his Liberty Live holdings on December 15, 2025. The company redeemed each share of its Series A, B and C Liberty Live common stock and exchanged them, on a one-for-one basis, for the corresponding series of Liberty Live Group common stock of Liberty Live Holdings, Inc.
As part of this Redemption, Romrell’s directly held shares of Series A, Series B and Series C Liberty Live common stock were removed from this issuer’s table, and his stock options over Liberty Live shares were adjusted under the plan’s anti-dilution provisions. Each existing option was exchanged for an option to purchase the same number of shares of the corresponding series of Liberty Live Group common stock in Liberty Live Holdings, with the original exercise prices and terms preserved. The company’s board of directors approved these transactions under Rule 16b-3.
Liberty Live Holdings, Inc. reported equity transactions connected to its split-off from Liberty Media Corporation. Liberty Media originally held 1,000 shares of Liberty Live common stock, which were reclassified into 25,573,685 shares of Series A Liberty Live Group common stock, 2,530,951 shares of Series B, and 63,824,185 shares of Series C on December 15, 2025.
Immediately after this reclassification, Liberty Media redeemed each outstanding share of its Liberty Live tracking stocks for one share of the corresponding Liberty Live Holdings Series A, B or C stock. After these steps, Liberty Media no longer had any equity interest in Liberty Live Holdings and therefore is no longer subject to Section 16 reporting requirements for this issuer.
Liberty Media Corporation completed its previously announced split-off of former wholly owned subsidiary Liberty Live Holdings, Inc., making Liberty Live an independent, publicly traded company.
The split-off occurred on December 15, 2025 at 4:05 p.m. New York City time through a redemption of each outstanding share of Liberty Media’s Liberty Live common stock in exchange for one share of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings. Liberty Media and Liberty Live entered into reorganization, tax sharing, services, facilities sharing and aircraft time sharing agreements, and Liberty Media assigned certain stockholder and registration rights agreements with Live Nation Entertainment, Inc. to Liberty Live. Liberty Media requested that its Liberty Live common stock be delisted from Nasdaq, and provided unaudited pro forma financial statements to reflect this significant disposition.
Liberty Media Corporation filed an ownership report for Liberty Live Holdings, Inc., showing it directly beneficially owns 1,000 shares of common stock.
A remark states the reporting person beneficially owns all of the outstanding equity securities of Liberty Live Holdings, indicating complete equity ownership. The report identifies the reporting person as a director of the issuer, is filed by one reporting person, and shows no derivative securities listed as beneficially owned.
Liberty Media Corp director Larry E. Romrell reported receiving a stock option on December 3, 2025 covering 4,633 shares of Series C Liberty Formula One common stock (FWONK) at an exercise price of $92.29 per share.
The option becomes exercisable on December 3, 2026 and expires on December 3, 2032, and he beneficially owns 4,633 of these derivative securities directly following this grant.
Liberty Media Corporation filed a Form S-8 to register securities for its 2022 Omnibus Incentive Plan, using its Liberty Formula One common stock as the underlying equity. This tracking stock is designed to reflect the economic performance of the Liberty Formula One Group, which includes specified businesses, assets and liabilities defined in the company’s charter.
The filing describes three series of Liberty Formula One common stock with differing voting rights: Series A carries one vote per share, Series B carries ten votes per share and is convertible into Series A, while Series C is generally non-voting except in limited cases. The charter also outlines board structure, supermajority voting, preferred stock authorization, inter-group interests, and extensive director and officer indemnification and liability protections under Delaware law.
Liberty Media Corporation filed investor presentation excerpts related to the proposed split-off of its Liberty Live Group into a new public company, Liberty Live Holdings, Inc. The presentation consists mainly of cautionary forward-looking statements explaining that completion and expected benefits of the split-off depend on various conditions and may not occur.
It explains that the split-off will be carried out through a registration statement on Form S-4 that includes a proxy statement and prospectus for Liberty Media stockholders and SplitCo. The materials state that Liberty Media stockholders are urged to read the registration statement and related SEC filings because they contain important information. The filing also identifies Liberty Media directors and senior executives who are expected to be participants in the proxy solicitation for the split-off.
Liberty Media Corporation filed a current report to alert the market that its Chairman, John C. Malone, will appear in an interview on CNBC’s “Squawk on the Street.” The interview is expected to begin airing at approximately 9:00 AM (ET) on November 20, 2025, with the full interview available online after 11:00 AM (ET) on CNBC’s website. The timing is aligned with Liberty Media’s annual Investor Meeting on November 20, 2025. During the interview, Mr. Malone may share observations on Liberty Media’s financial performance, outlook, and other forward-looking topics. The company notes this disclosure is furnished under Regulation FD and is not deemed filed for liability purposes.
Liberty Media Corporation announced an update to the start time of its annual Investor Meeting on November 20, 2025. Presentations via webcast will now begin at approximately 9:00 a.m. P.T. and conclude at 11:30 a.m. P.T.
The company noted that observations may be made regarding its financial performance and outlook, as well as other forward-looking matters. The information was furnished under Item 7.01 (Regulation FD) and includes a press release as Exhibit 99.1.