NWS Chief HR Officer granted stock-settled RSUs totaling 83 units

Rhea-AI Filing Summary

News Corporation (NWS) reporting person Ruth Allen, Chief Human Resources Officer, recorded insider acquisitions on 10/08/2025. The filings show three stock-settled restricted stock unit transactions: 21, 26, and 36 units were acquired, each with an associated price of $27.38. Each stock-settled restricted stock unit is the economic equivalent of one share of Class A common stock, and the filing notes these entries include dividend equivalents payable in shares on vesting. The form lists resulting beneficial ownership figures of 5,903, 7,406, and 10,103 shares following the reported transactions. The Form 4 was signed on 10/10/2025 by an attorney-in-fact.

Positive

• Received stock-settled RSUs totaling 83 units on 10/08/2025, aligning executive compensation with shareholder outcomes
• Dividend equivalents are being accrued and will be paid in shares, preserving equity alignment

Negative

• None.

Insights

Compensation & Insider Trading Analyst

Insider received additional stock-settled RSUs as standard compensation rather than open-market trades.

The reporting shows three separate stock-settled restricted stock unit acquisitions totaling 83 units (21+26+36) on 10/08/2025, each recorded with a price of $27.38. The filing clarifies each unit is economically equivalent to one share and that dividend equivalents were included and will pay out in shares upon vesting.

This pattern is consistent with compensation-driven awards rather than discretionary purchases; key dependencies are the vesting schedule and when dividend equivalents convert to shares. Monitor the vesting timeline and any future sales reported on Forms 4 for timing of potential share supply to the market within the next 12–36 months.

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^*

Allen Ruth

(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 Human Resources 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	5,903	D
Stock-Settled Restricted Stock Units	(1)	10/08/2025		A		26		(2)	(2)	Class A Common Stock	26	$27.38	7,406	D
Stock-Settled Restricted Stock Units	(1)	10/08/2025		A		36		(2)	(2)	Class A Common Stock	36	$27.38	10,103	D

Explanation of Responses:

1. Each stock-settled restricted stock unit is the economic equivalent of one share of News Corporation 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 Ruth Allen	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 Ruth Allen (NWS) report on Form 4 dated 10/08/2025?

The Form 4 reports acquisitions of stock-settled restricted stock units of 21, 26, and 36 units on 10/08/2025, each with a price of $27.38.

How many total restricted stock units did the NWS reporting person receive?

The three entries sum to 83 restricted stock units (21+26+36) acquired on 10/08/2025.

What does each stock-settled restricted stock unit represent for NWS?

Each unit is stated to be the economic equivalent of one share of News Corporation Class A Common Stock and includes dividend equivalents payable in shares on vesting.

What beneficial ownership figures are shown after the transactions?

The filing lists resulting beneficial ownership counts of 5,903, 7,406, and 10,103 shares following the reported transactions.

Who signed the Form 4 for Ruth Allen?

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