Brian J. Wendling - 09 Dec 2025 Form 4 Insider Report for Liberty Media Corp (FWONA)

Role: CAO/PFO
Signature: /s/ Brittany A. Uthoff as Attorney-in-Fact for Brian J. Wendling
Issuer symbol: FWONA
Transactions as of: 09 Dec 2025
Net transactions value: -$289,086
Form type: 4
Filing time: 10 Dec 2025, 16:59:47 UTC
Previous filing: 05 Dec 2025
Next filing: 12 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Wendling Brian J	CAO/PFO	12300 LIBERTY BOULEVARD, ENGLEWOOD	/s/ Brittany A. Uthoff as Attorney-in-Fact for Brian J. Wendling	10 Dec 2025	0001663090

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FWONK	Series C Liberty Formula One Common Stock	Options Exercise	$0	+3,716	+62%	$0.000000	9,719	09 Dec 2025	Direct	F1
transaction	FWONK	Series C Liberty Formula One Common Stock	Options Exercise	$0	+1,472	+15%	$0.000000	11,191	09 Dec 2025	Direct	F1
transaction	FWONK	Series C Liberty Formula One Common Stock	Tax liability	$205,571	-2,270	-20%	$90.56	8,921	09 Dec 2025	Direct
transaction	FWONK	Series C Liberty Live Common Stock	Options Exercise	$0	+1,214	+7.6%	$0.000000	17,162	09 Dec 2025	Direct	F2
transaction	FWONK	Series C Liberty Live Common Stock	Options Exercise	$0	+1,132	+6.6%	$0.000000	18,294	09 Dec 2025	Direct	F2
transaction	FWONK	Series C Liberty Live Common Stock	Tax liability	$83,515	-1,028	-5.6%	$81.24	17,266	09 Dec 2025	Direct

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	FWONK	Restricted Stock Units - LLYVK	Options Exercise	$0	-1,132	-50%	$0.000000	1,133	09 Dec 2025	Series C Liberty Live Common Stock	1,132		Direct	F3, F4
transaction	FWONK	Restricted Stock Units - LLYVK	Options Exercise	$0	-1,214	-100%	$0.000000	0	09 Dec 2025	Series C Liberty Live Common Stock	1,214		Direct	F3, F5
transaction	FWONK	Restricted Stock Units-FWONK	Options Exercise	$0	-3,716	-50%	$0.000000	3,717	09 Dec 2025	Series C Liberty Formula One Common Stock	3,716		Direct	F4, F6
transaction	FWONK	Restricted Stock Units-FWONK	Options Exercise	$0	-1,472	-100%	$0.000000	0	09 Dec 2025	Series C Liberty Formula One Common Stock	1,472		Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit converted into one share of Series C Liberty Formula One Common Stock.
F2	Each restricted stock unit converted into one share of Series C Liberty Live Common Stock.
F3	Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Live Common Stock.
F4	This restricted stock unit award vests in three substantially equal installments on December 9, 2024, 2025, and 2026.
F5	This restricted stock unit award vested 33% on December 14, 2023 and 2024, and 34% on December 9, 2025.
F6	Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Formula One Common Stock.