News Corp: Murdoch’s 1,917 stock units settle in cash

The 1,702 newly acquired units are payable in cash on the earlier of the first trading day of the quarter five years following grant or the director’s end of service.

Rhea-AI Filing Summary

News Corp director Lachlan K. Murdoch reported deferred-stock-unit transactions on October 1, 2026. 1,917 units were deemed settled for cash value equal to 1,917 Class A common shares and became payable in cash that day; related common-stock entries report 1,917 shares acquired and returned to the issuer at $28.64 per share. Murdoch also acquired 1,702 deferred stock units at $28.64 per unit, payable in cash on the earlier of the first trading day of the quarter five years following the grant and the director’s end of service.

Insider Trade Summary

1,917 shares exercised/converted

Exercise 4 txns

Insider MURDOCH LACHLAN K

Role Director

Type	Security	Shares	Price	Value
Exercise	Deferred Stock Units F2, F1, F3, F4	1,917	--	--
Grant/Award	Deferred Stock Units F2, F5, F4	1,702	$28.64	$49K
Exercise	Class A Common Stock F1	1,917	--	--
Disposition	Class A Common Stock	1,917	$28.64	$55K

Holdings After Transaction: Deferred Stock Units — 40,972 contracts (Direct); Class A Common Stock — 114 shares (Direct)

Footnotes (5)

1. F1. 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. F2. Each deferred stock unit represents the equivalent of one share of News Corporation's Class A Common Stock.
3. F3. The deferred stock units became payable in cash on October 1, 2026, the first trading day of the quarter five years following the grant.
4. F4. 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.
5. F5. 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.

Key Figures

Deferred stock units settled: 1,917 units Class A common shares: 1,917 shares Price per share: $28.64 per share +2 more

5 metrics

Deferred stock units settled 1,917 units Deemed settled for cash value equal to 1,917 Class A common shares on October 1, 2026.

Class A common shares 1,917 shares Reported acquired and returned to the issuer on October 1, 2026.

Price per share $28.64 per share Reported for the disposition of 1,917 Class A common shares to the issuer.

Deferred stock units acquired 1,702 units Reported on October 1, 2026.

Price per unit $28.64 per unit Reported for the acquisition of 1,702 deferred stock units.

Key Terms

deferred stock units, dividend equivalents, cash value

3 terms

deferred stock units financial

"The deferred stock units were deemed to have settled"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

dividend equivalents financial

"deferred stock units accrued as a result of dividend equivalents"

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.

cash value financial

"cash value of an equivalent number of shares"

Cash value is the amount of money you could get right away if an asset or contract were converted to cash or surrendered, after any fees or penalties. Think of it like the cash you could pull out of a savings jar when you need it; for investors it signals how much immediate liquidity or recoverable worth exists in an investment, insurance policy, or balance-sheet item.

FAQ

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

What transactions did NWS director Lachlan K. Murdoch report?

On October 1, 2026, Lachlan K. Murdoch reported 1,917 deferred stock units settled for cash value equal to 1,917 Class A common shares, plus acquisition of 1,702 deferred stock units at $28.64 per unit. Related entries report 1,917 Class A shares acquired and returned to the issuer at $28.64 per share.

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

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Available on EDGAR 10/02/2026 - 04:02 PM Accepted by SEC EDGAR 10/02/2026 - 04:01 PM 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 LACHLAN K

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

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	10/01/2026		M		1,917	A	(1)	2,031	D
Class A Common Stock	10/01/2026		D		1,917	D	$28.64	114	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
Deferred Stock Units	(2)	10/01/2026		M			1,917	(3)	(3)	Class A Common Stock	1,917	(1)	39,270(4)	D
Deferred Stock Units	(2)	10/01/2026		A		1,702		(5)	(5)	Class A Common Stock	1,702	$28.64	40,972(4)	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. Each deferred stock unit represents the equivalent of one share of News Corporation's Class A Common Stock.

3. The deferred stock units became payable in cash on October 1, 2026, the first trading day of the quarter five years following the grant.

4. 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.

5. 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	10/02/2026
	** 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)