GoldenTree funds buy 650,808 QVC Group shares

GoldenTree-managed funds reported indirect open-market purchases of QVC Group, Inc. common stock totaling 650,808 shares between August 7 and August 11, 2026, at prices ranging from $15.00 to $15.75 per share.

Rhea-AI Filing Summary

GoldenTree-managed funds reported indirect open-market purchases of QVC Group, Inc. common stock totaling 650,808 shares between August 7 and August 11, 2026, at prices ranging from $15.00 to $15.75 per share. The Advisor, its general partner, and Steven A. Tananbaum may be deemed to have a pecuniary interest but disclaim beneficial ownership, with the securities held directly by certain funds and separate accounts they manage.

Insider Trade Summary

Net Buyer: 650,808 shares

Net Buy 5 txns

Insider GOLDENTREE ASSET MANAGEMENT LP, GoldenTree Asset Management LLC, Tananbaum Steven A.

Role 10% Owner | 10% Owner | 10% Owner

Bought 650,808 shs ($9.99M)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1, F2, F3	308	$15.2013	$5K
Purchase	Common Stock F1, F2, F3	250,000	$15.75	$3.94M
Purchase	Common Stock F1, F2, F3	500	$15.222	$8K
Purchase	Common Stock F1, F2, F3	250,000	$15.15	$3.79M
Purchase	Common Stock F1, F2, F3	150,000	$15.00	$2.25M

Holdings After Transaction: Common Stock — 8,518,677 shares (Indirect, See footnotes)

Footnotes (3)

1. F1. This Form 4 is filed on behalf of GoldenTree Asset Management LP (the "Advisor"), GoldenTree Asset Management LLC (the "General Partner") and Steven A. Tananbaum (collectively, the "Reporting Persons"). The Advisor is the investment manager or advisor to certain funds and separate accounts managed by the Advisor (the "Funds") and may be deemed to have a pecuniary interest in the securities directly held by the Funds. The General Partner is the general partner of the Advisor and may be deemed to have a pecuniary interest in the securities reported herein in which the Advisor has a pecuniary interest. Steven A. Tananbaum is the managing member of the General Partner and may be deemed to have a pecuniary interest in the securities reported herein in which the Advisor and the General Partner have a pecuniary interest.
2. F2. The Advisor, the General Partner, and Mr. Tananbaum disclaim beneficial ownership of the securities held by the Funds.
3. F3. The securities are held directly by certain funds and separate accounts managed by the Advisor.

Key Figures

Total shares purchased: 650,808 shares Price range: $15.00–$15.75 per share Largest single trade: 250,000 shares at $15.75 +2 more

5 metrics

Total shares purchased 650,808 shares Aggregate indirect purchases of QVC Group common stock reported in this Form 4

Price range $15.00–$15.75 per share Per-share prices for reported open-market or private purchases

Largest single trade 250,000 shares at $15.75 Indirect purchase of QVC Group common stock on 2026-08-10

Additional large trade 250,000 shares at $15.15 Indirect purchase of QVC Group common stock on 2026-08-07

Other reported trades 150,808 shares Remaining indirect purchases across three smaller transactions

Key Terms

pecuniary interest, beneficial ownership, separate accounts

3 terms

pecuniary interest financial

"may be deemed to have a pecuniary interest in the securities directly held"

beneficial ownership financial

"The Advisor, the General Partner, and Mr. Tananbaum disclaim beneficial ownership"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

separate accounts financial

"securities are held directly by certain funds and separate accounts managed"

Separate accounts are pools of investments that a financial firm keeps apart from its main assets to manage for a specific client, insurance product, or institutional mandate. They matter to investors because the account’s gains, losses and risks apply only to the clients linked to it rather than the firm overall, so returns and protections can differ from pooled or company‑backed assets—think of it like a private toolbox reserved for a single job instead of shared with everyone.

FAQ

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

What did GoldenTree report in this Form 4 for QVCCQ?

GoldenTree-related entities reported indirect purchases of 650,808 QVC Group common shares between August 7–11, 2026, in open-market or private transactions executed through funds and separate accounts they manage.

What prices were paid for the QVCCQ shares in these GoldenTree transactions?

The reported purchases were made at prices between $15.00 and $15.75 per share, including 250,000 shares at $15.75 and 250,000 shares at $15.15, reflecting multiple trades over several days.

Are these QVCCQ shares held directly by GoldenTree or its principals?

The filing states the securities are held directly by certain funds and separate accounts managed by GoldenTree Asset Management LP. The Advisor, its general partner, and Steven A. Tananbaum disclaim beneficial ownership of those securities.

Were the QVCCQ trades by GoldenTree under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes do not describe any Rule 10b5-1 plan, so the transactions are reported without reference to a pre-arranged trading plan.

How many QVCCQ transactions did GoldenTree report and on which dates?

The filing reports five purchase transactions in QVC Group common stock, with trades dated August 7, 10, and 11, 2026, all classified as indirect ownership through managed funds and accounts.

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

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Accepted by SEC EDGAR 08/11/2026 - 05:15 PM EDT 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^*

GOLDENTREE ASSET MANAGEMENT LP

(Last) (First) (Middle)

300 PARK AVENUE,

21ST FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
QVC Group, Inc. [ QVCG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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
Common Stock	08/07/2026		P		250,000	A	$15.15	8,117,869	I	See footnotes(1)(2)(3)
Common Stock	08/07/2026		P		150,000	A	$15	8,267,869	I	See footnotes(1)(2)(3)
Common Stock	08/10/2026		P		250,000	A	$15.75	8,517,869	I	See footnotes(1)(2)(3)
Common Stock	08/10/2026		P		500	A	$15.222	8,518,369	I	See footnotes(1)(2)(3)
Common Stock	08/11/2026		P		308	A	$15.2013	8,518,677	I	See footnotes(1)(2)(3)

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

1. Name and Address of Reporting Person^*

GOLDENTREE ASSET MANAGEMENT LP

(Last) (First) (Middle)

300 PARK AVENUE,

21ST FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

GoldenTree Asset Management LLC

(Last) (First) (Middle)

300 PARK AVENUE,

21ST FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Tananbaum Steven A.

(Last) (First) (Middle)

300 PARK AVENUE,

21ST FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. This Form 4 is filed on behalf of GoldenTree Asset Management LP (the "Advisor"), GoldenTree Asset Management LLC (the "General Partner") and Steven A. Tananbaum (collectively, the "Reporting Persons"). The Advisor is the investment manager or advisor to certain funds and separate accounts managed by the Advisor (the "Funds") and may be deemed to have a pecuniary interest in the securities directly held by the Funds. The General Partner is the general partner of the Advisor and may be deemed to have a pecuniary interest in the securities reported herein in which the Advisor has a pecuniary interest. Steven A. Tananbaum is the managing member of the General Partner and may be deemed to have a pecuniary interest in the securities reported herein in which the Advisor and the General Partner have a pecuniary interest.

2. The Advisor, the General Partner, and Mr. Tananbaum disclaim beneficial ownership of the securities held by the Funds.

3. The securities are held directly by certain funds and separate accounts managed by the Advisor.

	GoldenTree Asset Management LP, By: GoldenTree Asset Management LLC, its General Partner, /s/ Steven A. Tananbaum	08/11/2026
	GoldenTree Asset Management LLC, /s/ Steven A. Tananbaum	08/11/2026
	/s/ Steven A. Tananbaum	08/11/2026
	** 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)