John C. Malone - Dec 20, 2023 Form 4 Insider Report for Qurate Retail, Inc. (QRTEA)

Role
Director
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for John C. Malone
Stock symbol
QRTEA
Transactions as of
Dec 20, 2023
Transactions value $
$26,016,048
Form type
4
Date filed
12/22/2023, 04:28 PM
Previous filing
Aug 28, 2023
Next filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QRTEA 8% Series A Cumulative Redeemable Preferred Stock Other $26M +722K +1852223.08% $36.02 722K Dec 20, 2023 Direct F1
holding QRTEA 8% Series A Cumulative Redeemable Preferred Stock 19.1K Dec 20, 2023 Leslie A. Malone 1995 Revocable Trust F2
holding QRTEA 8% Series A Cumulative Redeemable Preferred Stock 110K Dec 20, 2023 Malone 2020 Trust F3
holding QRTEA 8% Series A Cumulative Redeemable Preferred Stock 0 Dec 20, 2023 Malone 2022 QRTEP GRAT F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 20, 2023, the Reporting Person withdrew 722,367 shares of the Issuer's 8.0% Series A Cumulative Redeemable Preferred Stock (the "Preferred Shares") from the Malone December 2022 QRTEP grantor retained annuity trust that was established for his benefit in exchange for a promissory note. This resulted in a decrease in the number of Preferred Shares the Reporting Person beneficially owned indirectly through the trust to zero and a corresponding increase in the number of Preferred Shares the Reporting Person beneficially owns directly. The Reporting Person believes that his withdrawal of the Preferred Shares from the trust constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.
F2 The Reporting Person disclaims beneficial ownership of these shares held by the Leslie A. Malone 1995 Revocable Trust.
F3 Includes 110,300 QRTEP shares held by a grantor trust of which Mrs. Malone is the grantor and Mr. Malone is the sole trustee. Mrs. Malone retains a power of substitution and Mr. Malone has a power of appointment over the assets in the trust.