Liberty Media (LSXMA) Director Reduces Holding by 2,615 Shares

Rhea-AI Filing Summary

Andrea L. Wong, a director of Liberty Media Corp (ticker LSXMA), reported a sale of 2,615 shares of Series C Liberty Formula One Common Stock on 08/12/2025 at a price of $97.065 per share. After the sale, her reported beneficial ownership in that class is 7,880 shares, held directly. The form indicates the transaction was reported on behalf of Ms. Wong by an attorney-in-fact.

Positive

• Timely, specific disclosure of the insider sale meeting Section 16 reporting requirements
• No derivative transactions were reported, simplifying the ownership picture

Negative

• Director reduced direct holdings by 2,615 shares, lowering beneficial ownership to 7,880 shares

Insights

Securities Analyst

TL;DR: Insider sale of 2,615 shares; modest change in holdings with limited apparent investor impact.

The reported transaction is a straightforward open-market sale reducing a director's direct holding to 7,880 shares. The sale size (2,615 shares at $97.065) is disclosed clearly and meets Section 16 reporting requirements. There is no derivative activity reported and no indication of related-party or plan-based transactions, so the disclosure appears routine rather than signaling a material change in company prospects.

Corporate Governance Expert

TL;DR: Timely Form 4 disclosure of a director sale; governance process appears compliant.

The filing shows the director used an attorney-in-fact to execute the Form 4, which is common practice. The report records a direct disposition and leaves the director with a measurable but not controlling stake. There is no consolidation of insider exits or related amendments shown, suggesting this is an isolated, routine liquidity event rather than a governance concern.

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^*

Wong Andrea L

(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)
08/12/2025

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	08/12/2025		S		2,615	D	$97.065	7,880	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 Andrea L. Wong	08/13/2025
	** 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 transaction did Andrea L. Wong report for LSXMA?

She reported a sale of 2,615 shares of Series C Liberty Formula One Common Stock on 08/12/2025 at $97.065 per share.

How many LSXMA shares does Andrea L. Wong own after the transaction?

7,880 shares of the reported class are listed as beneficially owned following the sale.

Was any derivative activity reported by the insider in this Form 4?

No derivative securities (options, warrants, or convertible instruments) were reported in Table II.

Did the filing indicate joint filing or multiple reporting persons for this transaction?

No; the form indicates it was filed by one reporting person.

Who signed or submitted the Form 4 on behalf of the reporting person?

An attorney-in-fact executed the filing on behalf of Andrea L. Wong as indicated in the document.