Liberty Media (FWONA) CAO Wendling disposes 4,002 FWONK shares for tax withholding

Rhea-AI Filing Summary

Liberty Media Corp executive reports tax-related share disposition

Brian J. Wendling, CAO/PFO of Liberty Media Corp, reported a tax-withholding disposition of 4,002 shares of Series C Liberty Formula One Common Stock on a Form 4. The shares were valued at $85.48 each for this transaction.

After the disposition, Wendling directly held 14,046 shares of the same stock class, according to the filing. The transaction was coded as satisfying tax liability by delivering securities, rather than an open-market sale.

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)
03/05/2026

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	03/05/2026		F		4,002	D	$85.48	14,046	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:

	/s/ Brittany A. Uthoff as Attorney-in-Fact for Brian J. Wendling	03/09/2026
	** 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.

FAQ

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

Liberty Media reported that CAO/PFO Brian J. Wendling disposed of 4,002 shares of Series C Liberty Formula One Common Stock. The Form 4 shows this as a tax-withholding transaction, using shares to cover obligations instead of conducting an open-market sale.

How many Liberty Media Formula One shares did Brian J. Wendling dispose of?

Brian J. Wendling disposed of 4,002 shares of Series C Liberty Formula One Common Stock. The transaction was recorded as a tax-withholding disposition, meaning the shares were delivered to satisfy tax liabilities related to equity compensation.

At what price were Brian J. Wendling’s Liberty Media shares valued in the Form 4?

The 4,002 Series C Liberty Formula One Common Stock shares were valued at $85.48 per share. This price is used in the Form 4 to quantify the tax-withholding disposition rather than indicating an open-market trade price.

How many Liberty Media Formula One shares does Brian J. Wendling hold after the transaction?

After the reported transaction, Brian J. Wendling directly holds 14,046 shares of Series C Liberty Formula One Common Stock. This post-transaction holding reflects his remaining direct ownership following the 4,002-share tax-withholding disposition.

What does the transaction code F mean in Brian J. Wendling’s Liberty Media Form 4?

Transaction code F on Brian J. Wendling’s Form 4 indicates a payment of exercise price or tax liability by delivering securities. In this case, 4,002 shares of Series C Liberty Formula One Common Stock were used to satisfy tax-withholding obligations.

Is Brian J. Wendling’s Liberty Media share transaction a buy or a sale?

The Form 4 classifies Brian J. Wendling’s transaction as a disposition tied to tax withholding, not a traditional open-market sale. Shares were delivered to cover tax liabilities associated with equity compensation, reducing his holdings without a market trade.