Renee L. Wilm - 15 Dec 2025 Form 4 Insider Report for Liberty Media Corp (FWONA)

Role
Chief Legal/Admin Officer
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for Renee L. Wilm
Issuer symbol
FWONA
Transactions as of
15 Dec 2025
Net transactions value
$0
Form type
4
Filing time
17 Dec 2025, 18:30:12 UTC
Previous filing
12 Dec 2025
Next filing
23 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Wilm Renee L Chief Legal/Admin Officer 12300 LIBERTY BOULEVARD, ENGLEWOOD /s/ Brittany A. Uthoff as Attorney-in-Fact for Renee L. Wilm 17 Dec 2025 0001789667

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FWONK Series C Liberty Live Common Stock Other $0 -13,401 -100% $0.000000 0 15 Dec 2025 Direct F1

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 Other $0 -2,210 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 2,210 Direct F2, F3, F4
transaction FWONK Restricted Stock Units - LLYVK Other $0 -5,942 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 5,942 Direct F2, F3
transaction FWONK Stock Option (Right to Buy) - LLYVK Other $0 -16,434 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 16,434 $33.97 Direct F5, F6
transaction FWONK Stock Option (Right to Buy) - LLYVK Other $0 -604 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 604 $20.03 Direct F5, F7
transaction FWONK Stock Option (Right to Buy) - LLYVK Other $0 -4,295 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 4,295 $45.33 Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2025, Liberty Media Corporation (the "Issuer") redeemed (the "Redemption") each share of its Series A Liberty Live common stock, Series B Liberty Live common stock and Series C Liberty Live common stock for one share of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings, Inc. ("Liberty Live Holdings").
F2 Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Live common stock.
F3 In connection with the Redemption, all restricted stock units held by the reporting person with respect to the Issuer's Liberty Live common stock (each, a "Live RSU") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the Live RSUs were granted, such that each Live RSU was exchanged for a restricted stock unit with respect to an equivalent number of shares of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings.
F4 This restricted stock unit award will vest on December 9, 2026.
F5 In connection with the Redemption, all option awards held by the reporting person with respect to the Issuer's Liberty Live common stock (each, a "Live Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the Live Awards were granted, such that each Live Award was exchanged for an option to purchase an equivalent number of shares of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings.
F6 This option award vests in three substantially equal installments on December 8, 2024, 2025, and 2026.
F7 This option award is fully exercisable.

Remarks:

The transactions and adjustments described above were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.