STOCK TITAN

[Form 4] NEWS CORP Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Lachlan K. Murdoch, a Director of News Corporation (NWS), filed a Form 4 reporting transactions on 10/01/2025. The filing shows deferred stock units that were deemed settled for cash value on that date and reports activity in both non-derivative Class A common stock and deferred stock units. The reported changes include a reported acquisition entry of 3,028 Class A shares (as deferred stock-unit settlement) and a reported disposition of 3,028 Class A shares at a price of $28.95. After the transactions, the filing reports aggregate deferred stock units held by the reporting person of 40,941 and an earlier reported aggregate of 39,258, with deferred units payable in cash on the earlier of the first trading day of the quarter five years after grant or the reporting person’s end of service as a director.

Lachlan K. Murdoch, Director di News Corporation (NWS), ha presentato un modulo Form 4 che riferisce operazioni il 10/01/2025. La compilazione mostra unità azionarie differite che sono state considerate liquidate per valore in contanti in tal data e riporta attività sia in azioni comuni di Classe A non derivate sia in unità azionarie differite. Le modifiche riportate includono una voce di acquisizione di 3.028 azioni di Classe A (come liquidazione tramite unità azionarie differite) e una disposizione riportata di 3.028 azioni di Classe A a un prezzo di $28,95. Dopo le operazioni, la compilazione riporta unità differite aggregate detenute dalla persona che riporta di 40.941 e un aggregate precedentemente riportato di 39.258, con unità differite pagabili in contanti nella prima giornata di negoziazione del trimestre dopo cinque anni dalla concessione o alla fine del servizio del soggetto come direttore.

Lachlan K. Murdoch, un Director de News Corporation (NWS), presentó un Formulario 4 informando operaciones el 10/01/2025. La presentación muestra unidades de acciones diferidas que se consideraron liquidadas en efectivo ese día y reporta actividad tanto en acciones comunes Clase A sin derivados como en unidades de acciones diferidas. Los cambios reportados incluyen una entrada de adquisición de 3,028 acciones Clase A (como liquidación de unidades diferidas) y una disposición reportada de 3,028 acciones Clase A a un precio de $28.95. Después de las operaciones, la presentación reporta unidades diferidas agregadas en poder de la persona que reporta de 40,941 y un agregado reportado anteriormente de 39,258, con unidades diferidas pagaderas en efectivo en la primera jornada de negociación del trimestre cinco años después de la concesión o al final del servicio del director.

Lachlan K. Murdoch, 뉴스 코퍼레이션(NWS)의 이사인 그는 Form 4를 제출했고 거래를 10/01/2025에 보고했습니다. 파일에 지연 주식 단위가 현금 가치로 정산된 것으로 간주되었고 비파생 클래스 A 일반 주식과 지연 주식 단위 모두의 활동이 보고됩니다. 보고된 변경 사항에는 3,028 클래스 A 주식의 취득 항목(지연 주식 단위 정산으로)과 3,028 클래스 A 주식의 매각이 $28.95의 가격으로 보고됩니다. 거래 후, 보고자는 보유 지연 주식 단위의 합계로 40,941와 이전에 보고된 합계 39,258를 보고하며, 지연 주식은 부여 후 다섯 해가 되는 분기 최초 거래일 또는 감독의 종료 시점에 현금으로 지급됩니다.

Lachlan K. Murdoch, Directeur de News Corporation (NWS), a déposé un formulaire Form 4 déclarant des transactions le 10/01/2025. Le dossier indique des unités d’actions différées qui ont été considérées comme réglées en espèces à cette date et rapporte une activité à la fois en actions ordinaires de Classe A sans dérivés et en unités d’actions différées. Les changements rapportés comprennent une entrée d’acquisition de 3 028 actions Classe A (comme règlement par unités différées) et une cession reportée de 3 028 actions Classe A à un prix de $28,95. Après les opérations, le dossier indique des unités différées agrégées détenues par la personne reportant de 40 941 et un agrégé antérieur de 39 258, avec des unités différées payables en espèces à la première journée de négociation du trimestre après cinq ans à compter de la subvention ou à la fin du mandat du directeur.

Lachlan K. Murdoch, Director bei News Corporation (NWS), reichte ein Form 4 ein, das Transaktionen am 10/01/2025 meldet. Die Einreichung zeigt abgegrenzte Aktien-Einheiten, die zu diesem Datum in bar abgewickelt wurden, und meldet Aktivitäten sowohl in nicht derivativen Classe-A-Nominalaktien als auch in abgegrenzten Aktieneinheiten. Zu den gemeldeten Änderungen gehört ein Zugriffs-Eintrag von 3.028 Classe-A-Aktien (als abgegrenzte Aktieneinheiten-Abwicklung) sowie eine gemeldete Veräußerung von 3.028 Classe-A-Aktien zu einem Preis von $28,95. Nach den Transaktionen meldet die Einreichung aggregierte abgegrenzte Aktieneinheiten im Besitz der meldenden Person von 40.941 und eine zuvor gemeldete Gesamtsumme von 39.258, wobei abgegrenzte Einheiten in bar zum frühesten Handelstag des Quartals fünf Jahre nach der Gewährung oder am Ende des Dienstes der als Director tätigen Person zahlbar sind.

Lachlan K. Murdoch، مدير في News Corporation (NWS)، قدم نموذج Form 4 يقرّ بالمعاملات في 10/01/2025. يظهر الملف وحدات أسهم مؤجلة تم اعتبارها مُقابلة نقداً في ذلك التاريخ ويرصد نشاطاً في كل من الأسهم العادية من الفئة A غير المشتقة ووحدات الأسهم المؤجلة. التغييرات المبلغ عنها تشمل إدخال اكتساب قدره 3,028 سهم فئة A (كم تسوية للوحدات المؤجلة) وتصرّح بتصرف/بيع قدره 3,028 سهم فئة A بسعر $28.95. بعد المعاملات، يُبلغ الملف عن وحدات مؤجلة مجمّعة تمتلكها الشخص المبلّغ عنه قدرها 40,941 وبإجمال مقدّم قدره 39,258، مع وحدات مؤجلة قابلة للد دفع نقداً في أقرب يوم تداول للربع بعد خمس سنوات من المنح أو عند نهاية خدمة المبلغ كعضو مجلس إدارة.

Lachlan K. MurdochNews Corporation (NWS)董事 提交了 Form 4,报告交易发生在 10/01/2025。该申报显示被视为在该日期以现金价值结清的递延股票单位,并报告非衍生的 A 类普通股和递延股票单位的活动。报告的变动包括以递延股票单位结算的 3,028 股 A 类股票的获取记录,以及以每股 $28.95 的价格出售 3,028 股 A 类股票的记录。交易结束后,申报人持有的递延股票单位总数为 40,941,此前报告的总数为 39,258,递延单位以现金给付,时间为授予后的同一个季度的第一个交易日,或董事结束任期之日,以现金支付。

Positive
  • Deferred stock units were settled for cash on 10/01/2025, indicating liquidity realization for the reporting person
  • Aggregate deferred stock units held by the reporting person are documented at 40,941, providing clear disclosure of deferred-equity exposure
Negative
  • Disposition of 3,028 Class A shares is reported at a $28.95 price, indicating a reduction in direct share holdings
  • Reporting disclaimers note the reporting person disclaims beneficial ownership of shares held by LGC Holdco except to the extent of pecuniary interest, limiting clarity on voting/control

Insights

TL;DR: Director Lachlan Murdoch had deferred stock units settled for cash and reports holdings of 40,941 DSUs.

The Form 4 documents that certain deferred stock units became payable in cash on 10/01/2025, reflecting a settlement mechanism rather than a market sale of newly issued shares. The filing explicitly shows a reported disposition of 3,028 Class A shares at a price of $28.95 and subsequent aggregate deferred stock unit totals of 39,258 and 40,941.

This matters for governance and insider ownership disclosure because it clarifies that the reported changes arise from deferred compensation mechanics and cash settlements, and it quantifies the director’s reported deferred-equity exposure without asserting beneficial ownership beyond stated disclaimers.

Lachlan K. Murdoch, Director di News Corporation (NWS), ha presentato un modulo Form 4 che riferisce operazioni il 10/01/2025. La compilazione mostra unità azionarie differite che sono state considerate liquidate per valore in contanti in tal data e riporta attività sia in azioni comuni di Classe A non derivate sia in unità azionarie differite. Le modifiche riportate includono una voce di acquisizione di 3.028 azioni di Classe A (come liquidazione tramite unità azionarie differite) e una disposizione riportata di 3.028 azioni di Classe A a un prezzo di $28,95. Dopo le operazioni, la compilazione riporta unità differite aggregate detenute dalla persona che riporta di 40.941 e un aggregate precedentemente riportato di 39.258, con unità differite pagabili in contanti nella prima giornata di negoziazione del trimestre dopo cinque anni dalla concessione o alla fine del servizio del soggetto come direttore.

Lachlan K. Murdoch, un Director de News Corporation (NWS), presentó un Formulario 4 informando operaciones el 10/01/2025. La presentación muestra unidades de acciones diferidas que se consideraron liquidadas en efectivo ese día y reporta actividad tanto en acciones comunes Clase A sin derivados como en unidades de acciones diferidas. Los cambios reportados incluyen una entrada de adquisición de 3,028 acciones Clase A (como liquidación de unidades diferidas) y una disposición reportada de 3,028 acciones Clase A a un precio de $28.95. Después de las operaciones, la presentación reporta unidades diferidas agregadas en poder de la persona que reporta de 40,941 y un agregado reportado anteriormente de 39,258, con unidades diferidas pagaderas en efectivo en la primera jornada de negociación del trimestre cinco años después de la concesión o al final del servicio del director.

Lachlan K. Murdoch, 뉴스 코퍼레이션(NWS)의 이사인 그는 Form 4를 제출했고 거래를 10/01/2025에 보고했습니다. 파일에 지연 주식 단위가 현금 가치로 정산된 것으로 간주되었고 비파생 클래스 A 일반 주식과 지연 주식 단위 모두의 활동이 보고됩니다. 보고된 변경 사항에는 3,028 클래스 A 주식의 취득 항목(지연 주식 단위 정산으로)과 3,028 클래스 A 주식의 매각이 $28.95의 가격으로 보고됩니다. 거래 후, 보고자는 보유 지연 주식 단위의 합계로 40,941와 이전에 보고된 합계 39,258를 보고하며, 지연 주식은 부여 후 다섯 해가 되는 분기 최초 거래일 또는 감독의 종료 시점에 현금으로 지급됩니다.

Lachlan K. Murdoch, Directeur de News Corporation (NWS), a déposé un formulaire Form 4 déclarant des transactions le 10/01/2025. Le dossier indique des unités d’actions différées qui ont été considérées comme réglées en espèces à cette date et rapporte une activité à la fois en actions ordinaires de Classe A sans dérivés et en unités d’actions différées. Les changements rapportés comprennent une entrée d’acquisition de 3 028 actions Classe A (comme règlement par unités différées) et une cession reportée de 3 028 actions Classe A à un prix de $28,95. Après les opérations, le dossier indique des unités différées agrégées détenues par la personne reportant de 40 941 et un agrégé antérieur de 39 258, avec des unités différées payables en espèces à la première journée de négociation du trimestre après cinq ans à compter de la subvention ou à la fin du mandat du directeur.

Lachlan K. Murdoch, Director bei News Corporation (NWS), reichte ein Form 4 ein, das Transaktionen am 10/01/2025 meldet. Die Einreichung zeigt abgegrenzte Aktien-Einheiten, die zu diesem Datum in bar abgewickelt wurden, und meldet Aktivitäten sowohl in nicht derivativen Classe-A-Nominalaktien als auch in abgegrenzten Aktieneinheiten. Zu den gemeldeten Änderungen gehört ein Zugriffs-Eintrag von 3.028 Classe-A-Aktien (als abgegrenzte Aktieneinheiten-Abwicklung) sowie eine gemeldete Veräußerung von 3.028 Classe-A-Aktien zu einem Preis von $28,95. Nach den Transaktionen meldet die Einreichung aggregierte abgegrenzte Aktieneinheiten im Besitz der meldenden Person von 40.941 und eine zuvor gemeldete Gesamtsumme von 39.258, wobei abgegrenzte Einheiten in bar zum frühesten Handelstag des Quartals fünf Jahre nach der Gewährung oder am Ende des Dienstes der als Director tätigen Person zahlbar sind.

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).
1. Name and Address of Reporting Person*
MURDOCH LACHLAN K

(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
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
Class A Common Stock 10/01/2025 M 3,028 A (1) 3,142 D
Class A Common Stock 10/01/2025 D 3,028 D $28.95 114 D
Class A Common Stock 14,250 I By LGC Holdco, LLC(2)
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
Deferred Stock Units (3) 10/01/2025 M 3,028 (4) (4) Class A Common Stock 3,028 (1) 39,258(5) D
Deferred Stock Units (3) 10/01/2025 A 1,683 (6) (6) Class A Common Stock 1,683 $28.95 40,941(5) D
Explanation of Responses:
1. The deferred stock units were deemed to have settled for the cash value of an equivalent number of shares of News Corporation's Class A Common Stock.
2. Pursuant to the governance structure of LGC Holdco, LLC ("LGC Holdco"), the decisions with respect to the voting and disposition of the shares of News Corporation's Class A Common Stock held by LGC Holdco are, subject to certain limited exceptions, decided solely by a single managing director of LGC Holdco's sole manager, who is appointed, and may be replaced, by Lachlan K. Murdoch. As a result, Mr. Murdoch may be deemed to beneficially own the shares of News Corporation's Class A Common Stock owned by LGC Holdco; however, Mr. Murdoch disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
3. Each deferred stock unit represents the equivalent of one share of News Corporation's Class A Common Stock.
4. The deferred stock units became payable in cash on October 1, 2025, the first trading day of the quarter five years following the grant.
5. Represents the aggregate number of deferred stock units held by the Reporting Person, including deferred stock units accrued as a result of dividend equivalents that vest on the same terms as the respective underlying deferred stock units. The reported deferred stock units become payable in cash on the earlier of (i) the first trading day of the quarter five years following the respective grant and (ii) the Reporting Person's end of service as a Director.
6. The deferred stock units become payable in cash on the earlier of (i) the first trading day of the quarter five years following the grant and (ii) the Reporting Person's end of service as a Director.
Remarks:
/s/ Kenneth C. Mertz as Attorney-in-Fact for Lachlan K. Murdoch 10/03/2025
** 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 transactions did Lachlan K. Murdoch report on the NWS Form 4?

The Form 4 reports transactions on 10/01/2025, including the deemed settlement of deferred stock units for cash and a reported disposition of 3,028 Class A shares at $28.95.

How many deferred stock units does the filing show for Lachlan K. Murdoch?

The filing reports aggregate deferred stock units of 39,258 and 40,941, with the larger aggregate representing the total after the reported activity.

When do the deferred stock units become payable?

Deferred stock units become payable in cash on the earlier of (i) the first trading day of the quarter five years after the grant or (ii) the reporting person’s end of service as a director.

Does Murdoch claim beneficial ownership of shares held by LGC Holdco?

The filing states Murdoch may be deemed to beneficially own shares held by LGC Holdco due to governance control but expressly disclaims beneficial ownership except to the extent of his pecuniary interest.

Who signed the Form 4 and when?

The Form 4 was signed by Kenneth C. Mertz as Attorney-in-Fact for Lachlan K. Murdoch on 10/03/2025.
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