News Corp CEO acquires cash-settled stock awards

The dividend-equivalent units become payable in cash upon vesting of the underlying cash-settled restricted stock units.

Rhea-AI Filing Summary

News Corp. Chief Executive Officer Robert J. Thomson acquired awards of cash-settled restricted stock units on October 7, 2026, in reported amounts of 123, 225 and 378 units. The units represent dividend equivalents accrued on previously granted units and become payable in cash upon vesting of the underlying units.

Insider Trade Summary

Grant/Award: 726 shares

Grant/Award 3 txns

Insider Thomson Robert J

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Cash-Settled Restricted Stock Units F1, F2	123	$28.55	$4K
Grant/Award	Cash-Settled Restricted Stock Units F1, F2	225	$28.55	$6K
Grant/Award	Cash-Settled Restricted Stock Units F1, F2	378	$28.55	$11K

Holdings After Transaction: Cash-Settled Restricted Stock Units — 208,331 contracts (Direct)

Footnotes (2)

1. F1. Each cash-settled restricted stock unit is the economic equivalent of one share of News Corporation Class A Common Stock.
2. F2. 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 restricted stock units acquired: 123 units Cash-settled restricted stock units acquired: 225 units Cash-settled restricted stock units acquired: 378 units

3 metrics

Cash-settled restricted stock units acquired 123 units October 7, 2026

Cash-settled restricted stock units acquired 225 units October 7, 2026

Cash-settled restricted stock units acquired 378 units October 7, 2026

Key Terms

cash-settled restricted stock units, dividend equivalents, vesting

3 terms

cash-settled restricted stock units financial

"cash-settled restricted stock units previously granted"

dividend equivalents financial

"Represents dividend equivalents accrued"

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.

vesting financial

"payable in cash upon vesting"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

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What does each NWS cash-settled restricted stock unit represent?

Each unit is the economic equivalent of one share of News Corporation Class A Common Stock.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/09/2026 - 04:03 PM Accepted by SEC EDGAR 10/09/2026 - 04:02 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^*

Thomson Robert J

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2026

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

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)	10/07/2026		A		123		(2)	(2)	Class A Common Stock	123	$28.55	35,451	D
Cash-Settled Restricted Stock Units	(1)	10/07/2026		A		225		(2)	(2)	Class A Common Stock	225	$28.55	64,478	D
Cash-Settled Restricted Stock Units	(1)	10/07/2026		A		378		(2)	(2)	Class A Common Stock	378	$28.55	108,402	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.

Remarks:

	/s/ Kenneth C. Mertz as Attorney-in-Fact for Robert J. Thomson	10/09/2026
	** 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)