Sirius XM EVP adds 1,768 RSUs after $0.27 dividend payment

Rhea-AI Filing Summary

Sirius XM Holdings Inc. (SIRI) disclosed a Form 4 showing that its EVP, General Counsel & Secretary received additional common stock through restricted stock units. On November 21, 2025, Sirius XM paid a cash dividend of $0.27 per share on each share of its outstanding common stock to holders of record on November 5, 2025. Under the terms of his restricted stock unit agreement, the filer received 1,768 additional restricted stock units at a price of $0.0000 per share as dividend equivalents. After this transaction, he beneficially owns 144,015 shares of common stock directly. The new units are subject to the same vesting and settlement conditions as the original restricted stock units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BAER RICHARD N

Role EVP, General Counsel & Sec.

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,768	$0.00	--

Holdings After Transaction: Common Stock — 144,015 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

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^*

BAER RICHARD N

(Last) (First) (Middle)

1221 AVENUE OF THE AMERICAS

(Street)

NEW YORK NY 10020

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SIRIUS XM HOLDINGS INC. [ (SIRI) ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, General Counsel & Sec.

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

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
Common Stock	11/21/2025		A		1,768(1)	A	$0.0000	144,015	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

Explanation of Responses:

1. On November 21, 2025, Sirius XM Holdings Inc. ("Sirius XM") paid a cash dividend of $0.27 per share on each share of its outstanding common stock. The dividend was payable to all holders of Sirius XM's common stock on the record date, November 5, 2025. Pursuant to the terms of the agreement governing the outstanding restricted stock units held by the filer, the filer received certain additional restricted stock units as a result of this cash dividend. These additional units are subject to the same conditions regarding vesting and settlement as the underlying restricted stock units to which they relate.

	/s/ Richard N Baer	11/24/2025
	** 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.

FAQ

What did Sirius XM (SIRI) report in this Form 4 filing?

This Form 4 reports that Sirius XM's EVP, General Counsel & Secretary received 1,768 additional restricted stock units tied to the company's common stock due to a cash dividend.

Why did the Sirius XM (SIRI) executive receive 1,768 additional RSUs?

The executive received 1,768 additional restricted stock units because Sirius XM paid a $0.27 per share cash dividend on November 21, 2025, and his RSU agreement provides for additional units as dividend equivalents.

What dividend did Sirius XM (SIRI) pay that triggered these additional RSUs?

Sirius XM paid a cash dividend of $0.27 per share on each share of its outstanding common stock on November 21, 2025, to stockholders of record on November 5, 2025.

How many Sirius XM (SIRI) shares does the reporting person own after the transaction?

Following the reported transaction, the executive beneficially owns 144,015 shares of Sirius XM common stock in direct ownership.

What is the relationship of the reporting person to Sirius XM (SIRI)?

The reporting person is an officer of Sirius XM, serving as EVP, General Counsel & Secretary, and files individually on this Form 4.

Are the new Sirius XM (SIRI) restricted stock units immediately vested?

No. The additional restricted stock units are subject to the same vesting and settlement conditions as the underlying restricted stock units to which they relate.