QVC Group: GoldenTree funds buy 23,609 shares

QVC Group, Inc. (QVCG) had indirect open-market purchases of its common stock reported by funds and separate accounts managed by GoldenTree Asset Management LP.

Rhea-AI Filing Summary

QVC Group, Inc. (QVCG) had indirect open-market purchases of its common stock reported by funds and separate accounts managed by GoldenTree Asset Management LP. On 2026-08-27–28, these managed funds purchased a total of 23,609 shares at per-share prices between $15.76 and $15.98. The positions are held directly by the funds; GoldenTree Asset Management LP, GoldenTree Asset Management LLC and Steven A. Tananbaum may be deemed to have a pecuniary interest but formally disclaim beneficial ownership of the securities held by the funds.

Insider Trade Summary

Net Buyer: 23,609 shares

Net Buy 3 txns

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

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

Bought 23,609 shs ($373K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1, F2, F3	915	$15.9837	$15K
Purchase	Common Stock F1, F2, F3	17,478	$15.7576	$275K
Purchase	Common Stock F1, F2, F3	5,216	$15.9136	$83K

Holdings After Transaction: Common Stock — 8,671,954 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 2026-08-28: 915 shares of Common Stock Price per share 2026-08-28: $15.9837 per share Shares purchased 2026-08-27 (lot 1): 17,478 shares of Common Stock +4 more

7 metrics

Shares purchased 2026-08-28 915 shares of Common Stock Indirect open-market purchase by funds managed by the Advisor on 2026-08-28

Price per share 2026-08-28 $15.9837 per share Per-share price for 915-share indirect purchase of QVCG common stock

Shares purchased 2026-08-27 (lot 1) 17,478 shares of Common Stock Indirect open-market purchase on 2026-08-27 by funds managed by the Advisor

Price per share 2026-08-27 (lot 1) $15.7576 per share Per-share price for 17,478-share indirect purchase of QVCG common stock

Shares purchased 2026-08-27 (lot 2) 5,216 shares of Common Stock Second indirect open-market purchase on 2026-08-27

Price per share 2026-08-27 (lot 2) $15.9136 per share Per-share price for 5,216-share indirect purchase

Total shares bought 23,609 shares of Common Stock Aggregate of three indirect open-market purchases reported in this Form 4

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"

beneficial ownership financial

"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"

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 reported as a ten percent owner for QVCG"

FAQ

What insider activity did QVCG report in this Form 4?

Funds and separate accounts managed by GoldenTree Asset Management LP reported open-market purchases of QVC Group, Inc. common stock totaling 23,609 shares on 2026-08-27 and 2026-08-28 at prices around the mid-$15 range.

How many QVCG shares were bought by the GoldenTree-managed funds?

The GoldenTree-managed funds acquired a total of 23,609 QVCG common shares, consisting of 17,478 shares, 5,216 shares, and 915 shares across three separate transactions reported in the Form 4.

At what prices were the QVCG shares purchased in this filing?

The reported purchases of QVC Group, Inc. common stock were made at per-share prices of $15.7576, $15.9136, and $15.9837, reflecting open-market or private purchase transactions over two days.

Who are the reporting persons in the QVCG Form 4?

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

Do the GoldenTree entities claim beneficial ownership of the QVCG shares?

No. The Advisor, the General Partner, and Steven A. Tananbaum disclaim beneficial ownership of the securities. The shares are held directly by certain funds and separate accounts managed by the Advisor, in which they may be deemed to have a pecuniary interest.

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

The Form 4 does not indicate that these trades were made under a Rule 10b5-1 trading plan; the document-level 10b5-1 checkbox is not marked as an affirmative plan transaction.

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Available on EDGAR 08/31/2026 - 04:31 PM Accepted by SEC EDGAR 08/31/2026 - 04:30 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)
08/27/2026

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	08/27/2026		P		17,478	A	$15.7576	8,665,823	I	See footnotes(1)(2)(3)
Common Stock	08/27/2026		P		5,216	A	$15.9136	8,671,039	I	See footnotes(1)(2)(3)
Common Stock	08/28/2026		P		915	A	$15.9837	8,671,954	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	08/31/2026
	GoldenTree Asset Management LLC, /s/ Steven A. Tananbaum	08/31/2026
	/s/ Steven A. Tananbaum	08/31/2026
	** 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)