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Sirius XM (SIRI) CEO Witz receives 1,635 share award after $0.27 dividend

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SIRIUS XM HOLDINGS INC. CEO Jennifer C. Witz reported an acquisition of common stock tied to her equity compensation. On May 27, 2026, she received 1,635 shares of common stock at $0.00 per share as a grant or award, increasing her direct holdings to 380,593 shares. She also reports 1,392 shares held indirectly through a 401(k) plan.

The footnote explains that on May 27, 2026, Sirius XM paid a $0.27 per-share cash dividend to stockholders of record as of May 11, 2026. Under the terms of her restricted stock units, this dividend generated additional RSUs that are subject to the same vesting and settlement conditions as the underlying awards, and the Form 4 reflects the related share increase.

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Insider Witz Jennifer C
Role CEO
Type Security Shares Price Value
Grant/Award Common Stock 1,635 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 380,593 shares (Direct, null); Common Stock — 1,392 shares (Indirect, By 401(k) Plan)
Footnotes (1)
  1. [object Object]
Shares acquired 1,635 shares Common stock grant/award on May 27, 2026 at $0.00 per share
Direct holdings after transaction 380,593 shares Common stock directly owned by CEO after award
Indirect holdings 1,392 shares Common stock held via 401(k) Plan
Cash dividend per share $0.27 per share Dividend paid on outstanding common stock on May 27, 2026
Dividend payment date May 27, 2026 Date cash dividend of $0.27 per share was paid
Dividend record date May 11, 2026 Shareholders of record eligible for $0.27 dividend
restricted stock units financial
"Pursuant to the terms of the agreement governing the outstanding restricted stock units held by the filer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
cash dividend financial
"Sirius XM Holdings Inc. paid a cash dividend of $0.27 per share"
A cash dividend is a payment made by a company to its shareholders directly in money, usually on a regular schedule. It is a way for investors to receive a portion of the company's profits, similar to earning interest or a bonus for holding the company's stock. Cash dividends provide income to shareholders and can indicate the company's financial health and stability.
record date financial
"The dividend was payable to all holders of Sirius XM's common stock on the record date, May 11, 2026."
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
401(k) Plan financial
"total_shares_following_transaction 1392.0000, nature_of_ownership: By 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
SEC Form 4
FORM 4UNITED 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*
Witz Jennifer C

(Last)(First)(Middle)
1221 AVENUE OF THE AMERICAS

(Street)
NEW YORK NEW YORK 10020

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
SIRIUS XM HOLDINGS INC. [ (SIRI) ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
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)
CodeVAmount(A) or (D)Price
Common Stock05/27/2026A1,635(1)A$0.0000380,593D
Common Stock1,392IBy 401(k) Plan
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. On May 27, 2026, 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, May 11, 2026. 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.
Ruth Ziegler, attorney-in-fact05/27/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transaction did SIRI (Sirius XM) CEO Jennifer Witz report?

Jennifer Witz reported acquiring 1,635 shares of Sirius XM common stock as a grant or award at $0.00 per share. This award increased her direct ownership to 380,593 shares, with an additional 1,392 shares held indirectly through a 401(k) plan.

How many Sirius XM (SIRI) shares does Jennifer Witz hold after this Form 4?

After the reported transaction, Jennifer Witz directly holds 380,593 shares of Sirius XM common stock and indirectly holds 1,392 shares via a 401(k) plan. The new 1,635-share award was received at no cost as part of her equity compensation structure.

Why did Jennifer Witz receive additional restricted stock units at Sirius XM (SIRI)?

She received additional restricted stock units because her existing RSUs are structured to receive dividend equivalents. When Sirius XM paid a $0.27 per-share cash dividend, the plan credited her with extra RSUs, which then translated into the reported 1,635-share award.

Are the new Sirius XM (SIRI) restricted stock units for Jennifer Witz vested?

The additional restricted stock units are subject to the same vesting and settlement conditions as the underlying RSUs. This means they follow the existing vesting schedule rather than becoming immediately unrestricted, aligning them with her prior equity awards.

Does this Sirius XM (SIRI) Form 4 indicate any share sales by Jennifer Witz?

The Form 4 does not report any share sales by Jennifer Witz. It shows an acquisition of 1,635 shares at $0.00 per share and an updated total of 380,593 directly held shares, plus 1,392 shares held indirectly via a 401(k) plan.