Liberty Media (FWONK) legal chief logs open-market sale of 11,597 shares

Rhea-AI Filing Summary

Liberty Media Corp Chief Legal/Admin Officer Renee L. Wilm reported an open-market sale of 11,597 shares of Series C Common Stock at $90.09 per share. After this transaction, she directly holds 15,590 shares. A recent corporate conversion from Delaware to Nevada left shareholder ownership proportions unchanged.

Insights

Equity compensation and governance analyst

Routine insider sale of a modest-sized position with continued holdings.

Renee L. Wilm, Chief Legal/Admin Officer of Liberty Media Corp, executed an open-market sale of 11,597 Series C Common Stock shares at $90.09 per share. This is classified as a sale transaction under code S.

Following the sale, she holds 15,590 shares directly, indicating she maintains a meaningful equity stake. There are no derivative positions shown in this filing, and no mention of a Rule 10b5-1 trading plan in the provided excerpt.

The footnote explains a prior reincorporation from Delaware to Nevada via a plan of conversion, in which each Series C Liberty Formula One Common Stock share converted into one Series C Common Stock share, with proportionate security-holder interests unchanged. This appears administrative rather than economically transformative based on the excerpt.

Insider Trade Summary

Net Seller: 11,597 shares

Net Sell 1 txn

Insider Wilm Renee L

Role Chief Legal/Admin Officer

Sold 11,597 shs ($1.04M)

Type	Security	Shares	Price	Value
Sale	Series C Common Stock	11,597	$90.09	$1.04M

Holdings After Transaction: Series C Common Stock — 15,590 shares (Direct)

Footnotes (1)

1. F1. On May 12, 2026, the Issuer reincorporated from a corporation incorporated under the laws of the State of Delaware to a corporation incorporated under the laws of the State of Nevada by means of a plan of conversion. At the effective time of the conversion, each outstanding share of Series C Liberty Formula One Common Stock of the Delaware corporation automatically converted into one outstanding share of Series C Common Stock of the Nevada corporation. The conversion did not alter the proportionate interests of security holders.

Key Figures

Shares sold: 11,597 shares Sale price: $90.09 per share Shares held after transaction: 15,590 shares +3 more

6 metrics

Shares sold 11,597 shares Series C Common Stock open-market sale

Sale price $90.09 per share Price for 11,597 shares sold

Shares held after transaction 15,590 shares Direct holdings following sale

Net shares sold 11,597 shares Net buy/sell direction is net-sell

Transaction code S Sale in open market or private transaction

Transaction date June 15, 2026 Date of Series C Common Stock sale

Key Terms

open-market sale, Series C Common Stock, plan of conversion, reincorporated

4 terms

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Series C Common Stock financial

"security_title: Series C Common Stock"

Series C common stock is a specific class of a company’s ordinary shares that is labeled “Series C” to distinguish its rights and history from other share classes. Investors should care because these shares can carry different voting power, dividend rules, or priority if the company is sold, so owning Series C is like having a particular model of a product with slightly different features that affect control, payout and value compared with other share classes.

plan of conversion regulatory

"by means of a plan of conversion"

A plan of conversion is a legal blueprint that lays out how a company or a class of securities will be changed from one form into another — for example converting a business type or swapping one kind of share or note for another — listing the steps, approvals required and what each owner will receive. Investors care because it can change ownership percentages, voting rights, tax treatment and whether shares remain tradable; think of it like a remodeling plan that shows who keeps which rooms and how the house will function afterwards.

reincorporated regulatory

"the Issuer reincorporated from a corporation incorporated under the laws"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/16/2026 - 04:22 PM Accepted by SEC EDGAR 06/16/2026 - 04:22 PM Learn about SEC filing dates

FAQ

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

Liberty Media reported that Chief Legal/Admin Officer Renee L. Wilm executed an open-market sale of 11,597 shares of Series C Common Stock at $90.09 per share. The transaction is coded as an S-type sale in the Form 4 filing.

How many Liberty Media (FWONK) shares does Renee L. Wilm hold after this Form 4 sale?

After the reported sale, Renee L. Wilm directly holds 15,590 shares of Liberty Media’s Series C Common Stock. This post-transaction balance shows she retains a continued equity position despite the open-market sale disclosed in the Form 4.

What was the price per share in Renee L. Wilm’s Liberty Media (FWONK) stock sale?

The Form 4 states that Renee L. Wilm’s 11,597 shares of Liberty Media Series C Common Stock were sold at $90.09 per share. This price represents the transaction value used to report the open-market sale to the SEC.

How is Renee L. Wilm’s Liberty Media (FWONK) transaction classified in the Form 4?

The transaction is classified with code S, described as a sale in an open market or private transaction. It involves non-derivative Series C Common Stock and is treated as a direct ownership sale by the reporting officer.

What corporate change affecting Liberty Media (FWONK) shares is mentioned in the footnote?

The footnote explains Liberty Media reincorporated from Delaware to Nevada under a plan of conversion. Each share of Series C Liberty Formula One Common Stock automatically converted into one Series C Common Stock share, leaving security holders’ proportionate ownership interests unchanged.

Does the Liberty Media (FWONK) Form 4 show any remaining derivatives for Renee L. Wilm?

The derivative section in the provided Form 4 data is empty, indicating no derivative securities, such as options or warrants, are reported as remaining positions for Renee L. Wilm in this particular filing excerpt.

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^*

Wilm Renee L

(Last) (First) (Middle)

12300 LIBERTY BOULEVARD

(Street)

ENGLEWOOD COLORADO 80112

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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

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

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

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 Common Stock(1)	06/15/2026		S		11,597	D	$90.09	15,590	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 May 12, 2026, the Issuer reincorporated from a corporation incorporated under the laws of the State of Delaware to a corporation incorporated under the laws of the State of Nevada by means of a plan of conversion. At the effective time of the conversion, each outstanding share of Series C Liberty Formula One Common Stock of the Delaware corporation automatically converted into one outstanding share of Series C Common Stock of the Nevada corporation. The conversion did not alter the proportionate interests of security holders.

	/s/ Brittany A. Uthoff as Attorney-in-Fact for Renee L. Wilm	06/16/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)