NWS Form 4: 3,028 shares disposed at $28.95; 40,941 DSUs

Rhea-AI Filing Summary

News Corp (NWS): A director reported transactions on 10/01/2025 involving Class A Common Stock and deferred stock units. The filing shows 3,028 shares were acquired via code M and then 3,028 shares were disposed at $28.95, leaving 0 shares directly owned.

Related derivative activity reflects deferred stock units. Each unit equals one share and became payable in cash on October 1, 2025 for a prior grant. Following the transactions, the director held 40,941 deferred stock units, which include amounts accrued from dividend equivalents. An additional 1,683 deferred stock units were recorded, with units generally payable in cash on the earlier of the quarter five years after grant or end of service as a Director.

Insider Trade Summary

3,028 shares exercised/converted

Mixed 4 txns

Insider Pessoa Ana Paula

Role Director

Type	Security	Shares	Price	Value
Exercise	Deferred Stock Units	3,028	$0.00	--
Grant/Award	Deferred Stock Units	1,683	$28.95	$49K
Exercise	Class A Common Stock	3,028	$0.00	--
Disposition	Class A Common Stock	3,028	$28.95	$88K

Holdings After Transaction: Deferred Stock Units — 39,258 shares (Direct); Class A Common Stock — 3,028 shares (Direct)

Footnotes (1)

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. Each deferred stock unit represents the equivalent of one share of News Corporation's Class A Common Stock. The deferred stock units became payable in cash on October 1, 2025, the first trading day of the quarter five years following the grant. 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. 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 10/03/2025 - 04:17 PM Learn about SEC filing dates

FAQ

What did News Corp (NWS) disclose in this Form 4?

A director reported acquiring 3,028 Class A shares (code M) and disposing of 3,028 shares at $28.95 on 10/01/2025, ending with 0 directly owned shares.

How many deferred stock units does the director hold after the transactions?

The filing reports 40,941 deferred stock units following the transactions, including units from dividend equivalents.

What is the significance of the 3,028-share entry for NWS?

3,028 shares were acquired via code M and subsequently disposed at $28.95, reflecting settlement related to deferred stock units.

When do the deferred stock units become payable?

They become payable in cash on the earlier of the first trading day of the quarter five years after the grant or the director’s end of service.

What additional deferred stock units were recorded?

An additional 1,683 deferred stock units were recorded, contributing to the 40,941 total.

Does each deferred stock unit equal a share of NWS Class A stock?

Yes. Each deferred stock unit represents the equivalent of one share of News Corporation’s Class A Common Stock.

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^*

Pessoa Ana Paula

(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)	3,028	D
Class A Common Stock	10/01/2025		D		3,028	D	$28.95	0	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)	10/01/2025		M			3,028	(3)	(3)	Class A Common Stock	3,028	(1)	39,258(4)	D
Deferred Stock Units	(2)	10/01/2025		A		1,683		(5)	(5)	Class A Common Stock	1,683	$28.95	40,941(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, 2025, 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 Ana Paula Pessoa	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.