News Corp chair Murdoch settles 14K share units

NEWS CORP (NWS) reported that Chairman Emeritus Keith Rupert Murdoch settled 14,221 cash-settled restricted stock units, which were deemed to have settled for an equivalent number of Class A common shares.

Rhea-AI Filing Summary

NEWS CORP (NWS) reported that Chairman Emeritus Keith Rupert Murdoch settled 14,221 cash-settled restricted stock units, which were deemed to have settled for an equivalent number of Class A common shares. Upon vesting, 5,895 shares were withheld at $29.16 per share to satisfy tax withholding obligations, and 8,326 shares were disposed of to the issuer at $29.16 per share. Following the transaction, the reported balance of these cash-settled restricted stock units was 0.

Insider Trade Summary

14,221 shares exercised/converted

Exercise 4 txns

Insider MURDOCH KEITH RUPERT

Role Insider

Type	Security	Shares	Price	Value
Exercise	Cash-Settled Restricted Stock Units F4, F1, F2	14,221	--	--
Exercise	Class A Common Stock F1, F2	14,221	--	--
Tax Withholding	Class A Common Stock F3	5,895	$29.16	$172K
Disposition	Class A Common Stock	8,326	$29.16	$243K

Holdings After Transaction: Cash-Settled Restricted Stock Units — 0 contracts (Direct); Class A Common Stock — 0 shares (Direct)

Footnotes (4)

1. F1. Includes dividend equivalents accrued during the vesting period that are subject to the same time-based vesting conditions as the underlying cash-settled restricted stock units.
2. F2. The cash-settled restricted stock units were deemed to have settled for an equivalent number of shares of News Corporation's Class A Common Stock.
3. F3. Represents shares withheld upon vesting of applicable incentive award to satisfy tax withholding obligations.
4. F4. Each cash-settled restricted stock unit is the economic equivalent of one share of News Corporation's Class A Common Stock.

Key Figures

RSUs settled: 14,221 units Underlying Class A shares: 14,221 shares Shares withheld for taxes: 5,895 shares +4 more

7 metrics

RSUs settled 14,221 units Cash-settled restricted stock units deemed settled into Class A common shares on 2026-08-15

Underlying Class A shares 14,221 shares Number of Class A common shares economically equivalent to the settled RSUs

Shares withheld for taxes 5,895 shares Shares withheld upon vesting to satisfy tax withholding obligations at $29.16 per share

Tax withholding price $29.16 per share Per-share value used for 5,895 shares withheld to satisfy tax obligations

Shares disposed to issuer 8,326 shares Class A shares disposed of to the issuer at $29.16 per share on 2026-08-15

Issuer disposition price $29.16 per share Per-share price for 8,326 Class A shares disposed to the issuer

RSUs remaining 0 units Total cash-settled restricted stock units reported following settlement transaction

Key Terms

cash-settled restricted stock units, dividend equivalents, economic equivalent, tax withholding obligations, +1 more

5 terms

cash-settled restricted stock units financial

"Includes dividend equivalents accrued during the vesting period that are subject to the same time-based vesting conditions as the underlying cash-settled restricted stock units."

dividend equivalents financial

"Includes dividend equivalents accrued during the vesting period that are subject to the same time-based vesting conditions"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

economic equivalent financial

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

tax withholding obligations financial

"Represents shares withheld upon vesting of applicable incentive award to satisfy tax withholding obligations."

disposition to issuer financial

"Class A Common Stock transaction code D with transaction_action labeled as issuer disposition."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider equity award activity did NEWS CORP (NWS) report for Keith Rupert Murdoch?

NEWS CORP reported that Keith Rupert Murdoch settled 14,221 cash-settled restricted stock units into an equivalent number of Class A common shares. The award included dividend equivalents accrued during the vesting period, subject to the same time-based vesting conditions.

How many NEWS CORP (NWS) shares were withheld for taxes in this Form 4?

Upon vesting of the incentive award, 5,895 Class A shares of NEWS CORP were withheld at $29.16 per share to satisfy tax withholding obligations. This is reported under transaction code F for payment of tax liability by withholding securities.

At what price were Keith Rupert Murdoch’s NEWS CORP (NWS) shares disposed or withheld?

Both the tax-withholding and issuer disposition transactions used a price of $29.16 per share. This price applied to 5,895 shares withheld for taxes and 8,326 shares disposed of to the issuer, all on the same transaction date.

What happened to Keith Rupert Murdoch’s cash-settled RSUs in NEWS CORP (NWS)?

The filing states that 14,221 cash-settled restricted stock units were deemed settled for an equivalent number of Class A common shares, and that each unit was the economic equivalent of one share. After settlement, the reported balance of these RSUs was 0.

Were Keith Rupert Murdoch’s NEWS CORP (NWS) transactions under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not affirmatively marked for a trading plan, and no footnote describes a Rule 10b5-1 arrangement. The reported transactions reflect vesting and related share withholding and disposition events on the stated date.

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

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Available on EDGAR 08/18/2026 - 04:06 PM EDT Accepted by SEC EDGAR 08/18/2026 - 04:05 PM EDT Learn about SEC filing dates

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^*

MURDOCH KEITH RUPERT

(Last) (First) (Middle)

C/O NEWS CORPORATION

1211 AVENUE OF THE AMERICAS

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)	X	Other (specify below)
			Chairman Emeritus

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2026

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
Class A Common Stock	08/15/2026		M		14,221(1)	A	(2)	14,221	D
Class A Common Stock	08/15/2026		F		5,895(3)	D	$29.16	8,326	D
Class A Common Stock	08/15/2026		D		8,326	D	$29.16	0	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
Cash-Settled Restricted Stock Units	(4)	08/15/2026		M			14,221(1)	08/15/2026	08/15/2026	Class A Common Stock	14,221	(2)	0	D

Explanation of Responses:

1. Includes dividend equivalents accrued during the vesting period that are subject to the same time-based vesting conditions as the underlying cash-settled restricted stock units.

2. The cash-settled restricted stock units were deemed to have settled for an equivalent number of shares of News Corporation's Class A Common Stock.

3. Represents shares withheld upon vesting of applicable incentive award to satisfy tax withholding obligations.

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

Remarks:

	/s/ Kenneth C. Mertz as Attorney-in-Fact for Keith Rupert Murdoch	08/18/2026
	** 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)