CAO/PFO Wendling Brian J covered exercise/tax liability with 2,270 units of Series C Liberty Formula One Common Stock, converted options into 2,346 units of Series C Liberty Live Common Stock, covered exercise/tax liability with 1,028 units of Series C Liberty Live Common Stock and converted options into 5,188 units of Series C Liberty Formula One Common Stock, increasing direct ownership by 188% to 17,266 units (SEC Form 4)
$FWONA
Broadcasting
Industrials
| 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 |
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| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Liberty Media Corp [ FWONK ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/09/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | ||||||
| Series C Liberty Formula One Common Stock | 12/09/2025 | M | 3,716 | A | $0(1) | 9,719 | D | |||
| Series C Liberty Formula One Common Stock | 12/09/2025 | M | 1,472 | A | $0(1) | 11,191 | D | |||
| Series C Liberty Formula One Common Stock | 12/09/2025 | F | 2,270 | D | $90.56 | 8,921 | D | |||
| Series C Liberty Live Common Stock | 12/09/2025 | M | 1,214 | A | $0(2) | 17,162 | D | |||
| Series C Liberty Live Common Stock | 12/09/2025 | M | 1,132 | A | $0(2) | 18,294 | D | |||
| Series C Liberty Live Common Stock | 12/09/2025 | F | 1,028 | D | $81.24 | 17,266 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
| Restricted Stock Units - LLYVK | (3) | 12/09/2025 | M | 1,132 | (4) | (4) | Series C Liberty Live Common Stock | 1,132 | $0.0000 | 1,133 | D | ||||
| Restricted Stock Units - LLYVK | (3) | 12/09/2025 | M | 1,214 | (5) | 12/09/2025(5) | Series C Liberty Live Common Stock | 1,214 | $0.0000 | 0.0000 | D | ||||
| Restricted Stock Units-FWONK | (6) | 12/09/2025 | M | 3,716 | (4) | (4) | Series C Liberty Formula One Common Stock | 3,716 | $0.0000 | 3,717 | D | ||||
| Restricted Stock Units-FWONK | (6) | 12/09/2025 | M | 1,472 | (5) | 12/09/2025(5) | Series C Liberty Formula One Common Stock | 1,472 | $0.0000 | 0.0000 | D | ||||
| Explanation of Responses: |
| 1. Each restricted stock unit converted into one share of Series C Liberty Formula One Common Stock. |
| 2. Each restricted stock unit converted into one share of Series C Liberty Live Common Stock. |
| 3. Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Live Common Stock. |
| 4. This restricted stock unit award vests in three substantially equal installments on December 9, 2024, 2025, and 2026. |
| 5. This restricted stock unit award vested 33% on December 14, 2023 and 2024, and 34% on December 9, 2025. |
| 6. Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Formula One Common Stock. |
| /s/ Brittany A. Uthoff as Attorney-in-Fact for Brian J. Wendling | 12/10/2025 | |
| ** 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. | ||