Murdoch (NWS) granted 57 cash-settled units tied to News Corp Class A

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

MURDOCH KEITH RUPERT reported acquisition or exercise transactions in this Form 4 filing.

NEWS CORP Chairman Emeritus Keith Rupert Murdoch received 57 cash-settled restricted stock units on Class A Common Stock as a grant, not an open-market purchase. Each unit is economically equivalent to one Class A share at a reference price of $24.43 per unit.

The award represents dividend equivalents accrued on previously granted cash-settled units and will be paid in cash when the underlying units vest. After this transaction, Murdoch holds 14,221 cash-settled restricted stock units directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MURDOCH KEITH RUPERT

Role Insider

Type	Security	Shares	Price	Value
Grant/Award	Cash-Settled Restricted Stock Units	57	$24.43	$1K

Holdings After Transaction: Cash-Settled Restricted Stock Units — 14,221 shares (Direct)

Footnotes (1)

Each cash-settled restricted stock unit is the economic equivalent of one share of News Corporation's 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.

Key Figures

Cash-settled RSU grant: 57 units Reference price per unit: $24.43 per unit Units following transaction: 14,221 units +1 more

4 metrics

Cash-settled RSU grant 57 units Grant of cash-settled restricted stock units on Class A Common Stock

Reference price per unit $24.43 per unit Transaction price per cash-settled restricted stock unit

Units following transaction 14,221 units Total cash-settled restricted stock units held directly after grant

Underlying shares per unit 1 share per unit Each unit is economically equivalent to one Class A share

Key Terms

Cash-Settled Restricted Stock Units, dividend equivalents, Class A Common Stock, Grant, award, or other acquisition

4 terms

Cash-Settled Restricted Stock Units financial

"security_title: "Cash-Settled Restricted Stock Units""

dividend equivalents financial

"Represents dividend equivalents accrued with respect to cash-settled restricted stock units"

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

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

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

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^*

MURDOCH KEITH RUPERT

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

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		57		⁽²⁾	⁽²⁾	Class A Common Stock	57	$24.43	14,221	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	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 did Keith Rupert Murdoch acquire in this NEWS CORP (NWS) Form 4 filing?

Keith Rupert Murdoch received 57 cash-settled restricted stock units tied to News Corp’s Class A Common Stock. These units were granted as dividend equivalents on previously awarded units and increase his direct holdings to 14,221 cash-settled restricted stock units following the transaction.

Are the securities in Keith Rupert Murdoch’s NWS Form 4 filing actual NEWS CORP shares?

No, the filing reports cash-settled restricted stock units, not actual shares. Each unit is economically equivalent to one share of News Corp’s Class A Common Stock, but they are settled in cash rather than delivering stock when they vest in the future.

What is the economic value reference for the 57 cash-settled units in the NWS Form 4?

The 57 cash-settled restricted stock units use a reference price of $24.43 per unit. This price reflects the economic equivalent per share of Class A Common Stock for this grant, as disclosed in the transaction price per unit in the Form 4 data.

How many cash-settled restricted stock units does Keith Rupert Murdoch hold after this NWS transaction?

After this grant, Keith Rupert Murdoch holds 14,221 cash-settled restricted stock units directly. This total includes the 57 new units reported in the filing and represents his entire visible position in these cash-settled derivative awards as of the reported transaction date.

What are dividend equivalents mentioned in the NEWS CORP (NWS) Form 4 footnotes?

Dividend equivalents are cash-settled amounts that mirror dividends on underlying shares. In this filing, they accrued on previously granted cash-settled restricted stock units and were credited as additional units, which will be paid in cash when the underlying restricted stock units vest.

Does this NWS Form 4 show Keith Rupert Murdoch buying or selling shares on the market?

No, the Form 4 shows a grant acquisition of cash-settled restricted stock units, not a market trade. The transaction code is “A” for a grant or award, meaning it is compensation-related rather than an open-market purchase or sale of News Corp shares.