QVC Group holder buys 720K shares at $16.45

Funds managed by GoldenTree Asset Management reported a large indirect open-market purchase of QVCG shares, bringing their reported holdings to over 9.3 million shares.

Rhea-AI Filing Summary

QVC Group, Inc. (QVCG) had a large insider-related purchase reported by funds managed by GoldenTree Asset Management. On September 3, 2026, entities managed by GoldenTree purchased 720,000 shares of QVCG common stock at $16.45 per share in an open-market or private transaction, reported as indirect ownership. Following this transaction, those funds directly held a total of 9,391,951 shares of QVCG common stock. GoldenTree Asset Management LP, GoldenTree Asset Management LLC, and Steven A. Tananbaum may be deemed to have a pecuniary interest in these securities but expressly disclaim beneficial ownership, and no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Buyer: 720,000 shares

Net Buy 1 txn

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

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

Bought 720,000 shs ($11.84M)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1, F2, F3	720,000	$16.45	$11.84M

Holdings After Transaction: Common Stock — 9,391,951 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

Shares purchased: 720,000 shares Purchase price per share: $16.45 per share Shares held after transaction: 9,391,951 shares +2 more

5 metrics

Shares purchased 720,000 shares Common Stock acquired on September 3, 2026 by funds managed by GoldenTree

Purchase price per share $16.45 per share Price for the 720,000 shares of QVCG Common Stock acquired on September 3, 2026

Shares held after transaction 9,391,951 shares Total QVCG Common Stock directly held by the funds and separate accounts after the purchase

Number of buy transactions 1 transaction Net-buy activity reported in this Form 4 for QVCG

Net shares bought 720,000 shares Net buy volume in this Form 4, with no reported sales

Key Terms

pecuniary interest, beneficial ownership, separate accounts, ten percent owner

4 terms

pecuniary interest financial

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

beneficial ownership regulatory

"disclaim beneficial ownership of the securities held by the Funds"

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.

ten percent owner regulatory

"each is reported as a ten percent owner with respect to QVCG"

FAQ

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

What insider transaction did QVCG report in this Form 4?

QVCG reported that, on September 3, 2026, funds and separate accounts managed by GoldenTree Asset Management purchased 720,000 shares of QVCG common stock at $16.45 per share in an open-market or private transaction, reported as indirect ownership.

How many QVCG (QVCG) shares are held after the GoldenTree-related transaction?

After the reported transaction, funds and separate accounts managed by GoldenTree Asset Management directly held 9,391,951 shares of QVCG common stock, reported as indirect ownership by the filing parties.

Who are the reporting persons in the QVCG Form 4 filing?

The reporting persons are GoldenTree Asset Management LP (the Advisor), GoldenTree Asset Management LLC (the General Partner), and Steven A. Tananbaum. Each is reported as a ten percent owner with respect to QVCG.

Do the reporting persons claim beneficial ownership of the QVCG shares?

No. The filing states that the Advisor, the General Partner, and Steven A. Tananbaum disclaim beneficial ownership of the securities held by the funds and separate accounts they manage, even though they may be deemed to have a pecuniary interest.

Were the QVCG insider transactions made under a Rule 10b5-1 trading plan?

The document-level Rule 10b5-1 checkbox is not checked, and the footnotes do not reference any Rule 10b5-1 or pre-arranged trading plan. The filing therefore does not report the transaction as made under a Rule 10b5-1 plan.

Is the GoldenTree QVCG transaction direct or indirect ownership?

The purchase is reported as indirect ownership. The filing explains that the securities are held directly by certain funds and separate accounts managed by GoldenTree Asset Management LP, and that the reporting persons may be deemed to have a pecuniary interest in those securities.

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 09/08/2026 - 07:01 PM Accepted by SEC EDGAR 09/08/2026 - 07:00 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^*

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)
09/03/2026

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	09/03/2026		P		720,000	A	$16.45	9,391,951	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	09/08/2026
	GoldenTree Asset Management LLC, /s/ Steven A. Tananbaum	09/08/2026
	/s/ Steven A. Tananbaum	09/08/2026
	** 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)