How many NEWS CORP Class A share equivalents are involved in these Form 4 grants?

The filing shows awards of 14 and 24 cash-settled restricted stock units and 35 stock-settled restricted stock units. Each unit is the economic equivalent of one share of News Corp Class A Common Stock, according to the accompanying footnotes.

News Corp (NWS) CTO granted new cash- and stock-settled RSUs

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Delany Julian reported acquisition or exercise transactions in this Form 4 filing.

News Corp Chief Technology Officer Julian Delany reported three compensation-related awards of restricted stock units tied to Class A Common Stock. On April 8, 2026, he received cash-settled restricted stock units covering 14 and 24 share equivalents, and stock-settled restricted stock units covering 35 share equivalents, each economically equal to one share of Class A Common Stock. Some of these units represent dividend equivalents accrued on previously granted awards. Following these grants, his reported restricted stock unit holdings increased in several direct accounts, with one account showing 8,622 stock-settled units.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Delany Julian

Role Chief Technology Officer

Type	Security	Shares	Price	Value
Grant/Award	Cash-Settled Restricted Stock Units	14	$24.43	$342.02
Grant/Award	Cash-Settled Restricted Stock Units	24	$24.43	$586.32
Grant/Award	Stock-Settled Restricted Stock Units	35	$24.43	$855.05

Holdings After Transaction: Cash-Settled Restricted Stock Units — 3,676 shares (Direct); Stock-Settled Restricted Stock Units — 8,622 shares (Direct)

Footnotes (1)

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

Key Figures

Cash-settled RSU grant 1: 14 units at $24.43 Cash-settled RSU grant 2: 24 units at $24.43 Stock-settled RSU grant: 35 units at $24.43 +1 more

4 metrics

Cash-settled RSU grant 1 14 units at $24.43 Award on April 8, 2026, Class A share equivalents

Cash-settled RSU grant 2 24 units at $24.43 Award on April 8, 2026, Class A share equivalents

Stock-settled RSU grant 35 units at $24.43 Award on April 8, 2026, Class A share equivalents

Post-grant stock-settled RSUs 8,622 units Direct holdings following April 8, 2026 transaction

Key Terms

Cash-Settled Restricted Stock Units, Stock-Settled Restricted Stock Units, dividend equivalents, Class A Common Stock

4 terms

Cash-Settled Restricted Stock Units financial

"Each cash-settled restricted stock unit is the economic equivalent of one share"

Stock-Settled Restricted Stock Units financial

"Each stock-settled restricted stock unit is the economic equivalent of one share"

dividend equivalents financial

"Represents dividend equivalents accrued with respect to restricted stock units previously granted"

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.

Class A Common Stock financial

"economic equivalent of one share of News Corporation Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Form 4 Insider Transactions: What Each Field Means →

04/09/2026 - 04:27 PM

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^*

Delany Julian

(Last)

(First)

(Middle)

C/O NEWS CORPORATION

1211 AVENUE OF THE AMERICAS

(Street)

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
X	Officer (give title below)	Other (specify below)
	Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Cash-Settled Restricted Stock Units	⁽¹⁾	04/08/2026		A		14		⁽²⁾	⁽²⁾	Class A Common Stock	14	$24.43	3,676	D
Cash-Settled Restricted Stock Units	⁽¹⁾	04/08/2026		A		24		⁽²⁾	⁽²⁾	Class A Common Stock	24	$24.43	6,047	D
Stock-Settled Restricted Stock Units	⁽³⁾	04/08/2026		A		35		⁽⁴⁾	⁽⁴⁾	Class A Common Stock	35	$24.43	8,622	D

Explanation of Responses:

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

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

4. 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 Julian Delany	04/09/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did NEWS CORP (NWS) disclose for Julian Delany?

Julian Delany reported receiving three grants of restricted stock units on April 8, 2026. These include cash-settled and stock-settled units that are each economically equivalent to one share of News Corp Class A Common Stock, reflecting routine equity-based compensation.

What types of restricted stock units did NWS grant to its CTO?

The CTO received cash-settled and stock-settled restricted stock units linked to Class A Common Stock. Cash-settled units pay out in cash, while stock-settled units deliver shares upon vesting, both treated as compensation rather than open-market purchases.

What are dividend equivalents on NEWS CORP restricted stock units?

Dividend equivalents represent amounts accrued on previously granted restricted stock units as if dividends were paid on underlying shares. For these awards, dividend equivalents will be paid in cash for cash-settled units and in shares for stock-settled units when the underlying units vest.

Did Julian Delany buy or sell NWS shares in the market in this Form 4?

No open-market buys or sells are reported. All three transactions are coded as grants or awards (code A) of restricted stock units, reflecting equity compensation rather than discretionary market trades in News Corp Class A Common Stock.

How large is Julian Delany’s restricted stock unit position after these awards?

After the reported April 8, 2026 awards, one line in the filing shows 8,622 stock-settled restricted stock units held directly. These units are economically equivalent to the same number of News Corp Class A Common Stock shares upon vesting and settlement.