[Form 4] NEWS CORP Insider Trading Activity

Rhea-AI Filing Summary

News Corporation insider Marygrace DeGrazio received a series of stock-settled restricted stock units that converted to Class A common stock on 10/08/2025. The Form 4 reports four acquisitions of dividend-equivalent RSUs of 21, 34, 48 and 79 units (total 182 units) that are the economic equivalent of one share each. Each was recorded at a per-share reference price of $27.38. The filings show cumulative beneficial ownership tallies after each acquisition, with the largest reported line showing 21,947 shares beneficially owned following the transactions. The report was signed by an attorney-in-fact on 10/10/2025.

Positive

• Acquisition of 182 RSUs on 10/08/2025 increases insider stake
• Final reported beneficial ownership rose to 21,947 Class A shares after these conversions
• Transactions are compensation-related (dividend equivalents converted to shares), not open-market sales

Negative

• None.

Insights

Corporate Compensation Analyst

Insider received dividend-equivalent RSUs converting to shares, modest in scale relative to firm size.

Four RSU credit events on 10/08/2025 totaling 182 stock-settled restricted stock units were reported as acquired and treated as the economic equivalent of 182 shares of Class A common stock at a reference price of $27.38. The filing shows incremental beneficial ownership figures culminating at 21,947 shares following the reported transactions.

The transaction is a routine compensation-related accrual conversion (dividend equivalents payable in shares). Key dependencies are the company’s RSU plan terms and standard vesting/settlement mechanics; no exercise, cash purchase, or open-market trade is disclosed. Monitor next periodic filings for any sales or further vesting that change ownership levels within a typical reporting window.

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

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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^*

DeGrazio Marygrace

(Last) (First) (Middle)

C/O NEWS CORPORATION

1211 AVENUE OF THE AMERICAS

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NEWS CORP [ NWS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/08/2025

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

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-Settled Restricted Stock Units	(1)	10/08/2025		A		21		(2)	(2)	Class A Common Stock	21	$27.38	5,853	D
Stock-Settled Restricted Stock Units	(1)	10/08/2025		A		34		(2)	(2)	Class A Common Stock	34	$27.38	9,500	D
Stock-Settled Restricted Stock Units	(1)	10/08/2025		A		48		(2)	(2)	Class A Common Stock	48	$27.38	13,413	D
Stock-Settled Restricted Stock Units	(1)	10/08/2025		A		79		(2)	(2)	Class A Common Stock	79	$27.38	21,947	D

Explanation of Responses:

1. Each stock-settled restricted stock unit is the economic equivalent of one share of News Corporation's Class A Common Stock.

2. Represents dividend equivalents accrued with respect to stock-settled restricted stock units previously granted, which become payable in shares upon vesting of the underlying stock-settled restricted stock units.

Remarks:

	/s/ Kenneth C. Mertz as Attorney-in-Fact for Marygrace DeGrazio	10/10/2025
	** 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).
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FAQ

What did News Corp insider Marygrace DeGrazio report on Form 4 (NWS)?

The Form 4 reports acquisition of stock-settled restricted stock units: 21, 34, 48, and 79 RSUs on 10/08/2025, totaling 182 units.

How many News Corp (NWS) shares did the RSUs convert into and what is the reported beneficial ownership?

Each RSU equals one share at settlement; the filings show conversions totaling 182 shares and a reported beneficial ownership level of 21,947 Class A shares after the transactions.

What price is shown on the Form 4 for these News Corp RSU transactions?

The transactions list a reference per-share price of $27.38, which is noted in the filing.

Were these open-market purchases or compensation-related events for News Corp (NWS)?

These are compensation-related: the filing states they represent dividend equivalents accrued on previously granted RSUs that become payable in shares upon vesting.

Who signed the Form 4 reporting these News Corp transactions?

The Form 4 is signed by Kenneth C. Mertz as Attorney-in-Fact for Marygrace DeGrazio on 10/10/2025.