John C. Malone - Jun 5, 2024 Form 4 Insider Report for Liberty Media Corp (LSXMA)

Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for John C. Malone
Stock symbol
LSXMA
Transactions as of
Jun 5, 2024
Transactions value $
$0
Form type
4
Date filed
6/7/2024, 04:01 PM
Previous filing
May 14, 2024
Next filing
Aug 23, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LSXMA Call option (obligation to sell) Sale -2.28M -50% 2.28M Jun 5, 2024 Series C Liberty Formula One Common Stock 2.28M $88.28 Direct F1, F2, F3
transaction LSXMA Put option (right to sell) Purchase +2.28M 2.28M Jun 5, 2024 Series C Liberty Formula One Common Stock 2.28M $70.55 Direct F1, F2, F3
transaction LSXMA Call option (obligation to sell) Sale -166K -50% 166K Jun 5, 2024 Series C Liberty Formula One Common Stock 166K $88.28 Leslie A. Malone 1995 Revocable Trust F1, F3, F4, F5
transaction LSXMA Put option (right to sell) Purchase +166K 166K Jun 5, 2024 Series C Liberty Formula One Common Stock 166K $70.55 Leslie A. Malone 1995 Revocable Trust F1, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 5, 2024, the reporting person and his spouse entered into a "zero-cost collar" arrangement (the "Transactions") pursuant to which they wrote European call options and purchased European put options over an aggregate of 2,446,552 shares of Series C Liberty Formula One Common Stock. Only one of the options can be in the money on the expiration date, at which time the in-the-money options will be exercised, and the other options will expire. If neither the put options nor the call options are in the money on the expiration date, both the put and call options will expire. The Transaction will be settled in cash unless the reporting person or his spouse, as applicable, elects physical settlement.
F2 This Transaction is divided into 20 components, the first 19 of which are with respect to 114,019 shares of Series C Liberty Formula One Common Stock and the last of which is with respect to 114,020 shares. The components mature on sequential trading days over the period beginning on May 17, 2027 and ending on June 14, 2027.
F3 The Transactions are "zero-cost collars" in which no premium was exchanged for either the call options or the put options.
F4 This Transaction is divided into 20 components, the first 19 of which are with respect to 8,308 shares of Series C Liberty Formula One Common Stock and the last of which is with respect to 8,319 shares. The components mature on sequential trading days over the period beginning on May 17, 2027 and ending on June 14, 2027.
F5 The reporting person disclaims beneficial ownership of these securities owned by his spouse.