NWS insider filing: 51 RSUs vested, 14,164 shares held directly

Rhea-AI Filing Summary

News Corporation insider filing reports a small award vesting and current holdings. On 10/08/2025 the reporting person received 51 cash-settled restricted stock units, each economically equivalent to one share of Class A Common Stock; accrued dividend equivalents related to those units are payable in cash on vesting. The filing shows a per-share value of $27.38 for the underlying Class A shares and discloses 14,164 shares beneficially owned following the transaction, held directly. The form identifies the reporting person as Keith Rupert Murdoch acting through a representative and classifies the ownership as chairman emeritus/other. The transaction increases reported economic exposure modestly but does not indicate any sale or exercise activity.

Positive

• 51 cash-settled RSUs vested, providing additional economic exposure tied to Class A Common Stock
• Beneficial ownership of 14,164 shares reported held directly after the transaction

Negative

• None.

Insights

Corporate Governance Analyst

Small vesting of cash-settled RSUs increases direct economic exposure without share sales.

The reported transaction shows 51 cash-settled restricted stock units that vest into cash tied to the value of Class A Common Stock, with an indicated share-equivalent value of $27.38 per share. The filing lists 14,164 shares beneficially owned following the transaction and records direct ownership.

This is a routine insider compensation settlement rather than a disposition: no sale or disposition codes are reported and the units are cash-settled, so no new shares were issued. Watch short-term reporting updates only if further acquisitions or dispositions are filed; the single vesting event reported on 10/08/2025 has limited market impact.

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^*

MURDOCH KEITH RUPERT

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

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
Cash-Settled Restricted Stock Units	(1)	10/08/2025		A		51		(2)	(2)	Class A Common Stock	51	$27.38	14,164	D

Explanation of Responses:

1. Each cash-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 cash-settled restricted stock units previously granted, which become payable in cash upon vesting of the underlying cash-settled restricted stock units.

Remarks:

	/s/ Kenneth C. Mertz as Attorney-in-Fact for Keith Rupert Murdoch	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).
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 did the News Corp (NWS) Form 4 report for 10/08/2025?

The Form 4 reports the vesting of 51 cash-settled restricted stock units on 10/08/2025, with accrued dividend equivalents payable in cash and a reported per-share value of $27.38.

How many News Corp shares does the reporting person own after the transaction?

The filing shows 14,164 shares beneficially owned following the reported transaction, held in a direct ownership form.

Were any shares sold or acquired (issued) in the transaction?

No sale or issuance of shares is reported; the transaction is a cash-settled RSU vesting, not a share sale or exercise.

What is the economic value per share referenced in the Form 4?

The Form 4 references a value of $27.38 per share for the Class A Common Stock underlying the cash-settled units.

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

The Form 4 is signed by an attorney-in-fact, Kenneth C. Mertz, acting for Keith Rupert Murdoch.