GoldenTree funds buy 14,280 QVC Group shares

QVC Group, Inc. (QVCG) had indirect purchases of its Common Stock reported by GoldenTree-affiliated entities.

Rhea-AI Filing Summary

QVC Group, Inc. (QVCG) had indirect purchases of its Common Stock reported by GoldenTree-affiliated entities. On August 19 and 20, 2026, certain funds and separate accounts managed by GoldenTree Asset Management LP bought a total of 14,280 shares in open-market or private transactions at prices around $15.21–$15.25 per share. The Advisor, its general partner GoldenTree Asset Management LLC, and Steven A. Tananbaum may be deemed to have a pecuniary interest in these securities but expressly disclaim beneficial ownership, as the shares are held directly by the managed funds and accounts.

Insider Trade Summary

Net Buyer: 14,280 shares

Net Buy 2 txns

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

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

Bought 14,280 shs ($217K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1, F2, F3	300	$15.25	$5K
Purchase	Common Stock F1, F2, F3	13,980	$15.2073	$213K

Holdings After Transaction: Common Stock — 8,643,004 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 on 2026-08-20: 300 shares of Common Stock at $15.2500 per share Shares purchased on 2026-08-19: 13,980 shares of Common Stock at $15.2073 per share Total shares purchased: 14,280 shares of Common Stock +1 more

4 metrics

Shares purchased on 2026-08-20 300 shares of Common Stock at $15.2500 per share Indirect open-market or private purchase by funds/accounts managed by the Advisor

Shares purchased on 2026-08-19 13,980 shares of Common Stock at $15.2073 per share Indirect open-market or private purchase by funds/accounts managed by the Advisor

Total shares purchased 14,280 shares of Common Stock Sum of reported purchases on August 19–20, 2026

Reporting persons status Each reporting person is a ten percent owner GoldenTree Asset Management LP, GoldenTree Asset Management LLC, and Steven A. Tananbaum

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

"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.

FAQ

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

What insider activity at QVCG did GoldenTree report in this Form 4?

GoldenTree-related funds and separate accounts reported purchases of 14,280 shares of QVC Group, Inc. Common Stock on August 19–20, 2026, in open-market or private transactions.

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

The reported purchases of QVC Group, Inc. Common Stock were made at per-share prices of $15.2500 for 300 shares on August 20, 2026, and $15.2073 for 13,980 shares on August 19, 2026.

Who is the reporting person in the QVCG Form 4 filing?

The Form 4 is filed on behalf of GoldenTree Asset Management LP (the Advisor), GoldenTree Asset Management LLC (the General Partner), and Steven A. Tananbaum, who are collectively described as the Reporting Persons.

How are the QVCG shares held according to the Form 4 footnotes?

The securities are held directly by certain funds and separate accounts managed by GoldenTree Asset Management LP. The Advisor and related parties may be deemed to have a pecuniary interest in these holdings.

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

No. The Advisor, the General Partner, and Steven A. Tananbaum disclaim beneficial ownership of the QVCG securities held by the funds and separate accounts they manage.

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

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Available on EDGAR 08/21/2026 - 04:16 PM EDT Accepted by SEC EDGAR 08/21/2026 - 04:15 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)
08/19/2026

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	08/19/2026		P		13,980	A	$15.2073	8,642,704	I	See footnotes(1)(2)(3)
Common Stock	08/20/2026		P		300	A	$15.25	8,643,004	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	08/21/2026
	GoldenTree Asset Management LLC, /s/ Steven A. Tananbaum	08/21/2026
	/s/ Steven A. Tananbaum	08/21/2026
	** 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)