ROBERT R. BENNETT - 15 Dec 2025 Form 4 Insider Report for Liberty Media Corp (FWONA)

Role
Director
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for Robert R. Bennett
Issuer symbol
FWONA
Transactions as of
15 Dec 2025
Net transactions value
$0
Form type
4
Filing time
17 Dec 2025, 18:30:14 UTC
Previous filing
09 Dec 2025
Next filing
30 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
BENNETT ROBERT R Director 12300 LIBERTY BOULEVARD, ENGLEWOOD /s/ Brittany A. Uthoff as Attorney-in-Fact for Robert R. Bennett 17 Dec 2025 0001119603

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FWONK Series A Liberty Live Common Stock Other $0 -859 -100% $0.000000 0 15 Dec 2025 Direct F1
transaction FWONK Series C Liberty Live Common Stock Other $0 -2,083 -100% $0.000000 0 15 Dec 2025 Direct F1, F2
transaction FWONK Series A Liberty Live Common Stock Other $0 -5,626 -100% $0.000000 0 15 Dec 2025 By Hilltop Investments, LLC F1
transaction FWONK Series C Liberty Live Common Stock Other $0 -10,792 -100% $0.000000 0 15 Dec 2025 By Hilltop Investments, LLC F1
transaction FWONK Series A Liberty Live Common Stock Other $0 -114 -100% $0.000000 0 15 Dec 2025 Deborah Bennett Revocable Trust F1, F3
transaction FWONK Series C Liberty Live Common Stock Other $0 -229 -100% $0.000000 0 15 Dec 2025 Deborah Bennett Revocable Trust F1, F3
transaction FWONK Series A Liberty Live Common Stock Other $0 -191,741 -100% $0.000000 0 15 Dec 2025 Hilltop Investments III, LLC F1
transaction FWONK Series C Liberty Live Common Stock Other $0 -399,160 -100% $0.000000 0 15 Dec 2025 Hilltop Investments III, LLC F1, F2

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 Stock Option (Right to Buy) - LLYVA Other $0 -100,000 -100% $0.000000 0 15 Dec 2025 Series A Liberty Live Common Stock 100,000 $78.57 Direct F4, F5
* 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 On December 12, 2025, the reporting person transferred 454 shares of Series C Liberty Live common stock to Hilltop Investments III, LLC, which is wholly owned by the reporting person and his spouse.
F3 The reporting person disclaims beneficial ownership of these shares.
F4 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.
F5 This option award vests in five substantially equal installments on December 3, 2026, 2027, 2028, 2029 and 2030.

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.