Natalie Bancroft - Oct 1, 2021 Form 4 Insider Report for NEWS CORP (NWS)

Role: Director
Signature: /s/ Kenneth C. Mertz as Attorney-in-Fact for Natalie Bancroft
Stock symbol: NWS
Transactions as of: Oct 1, 2021
Transactions value $: -$19,750
Form type: 4
Date filed: 10/5/2021, 04:09 PM
Previous filing: Jul 6, 2021
Next filing: Oct 15, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NWS	Class A Common Stock	Options Exercise		+2.68K			2.68K	Oct 1, 2021	Direct	F1
transaction	NWS	Class A Common Stock	Disposed to Issuer	-$63.5K	-2.68K	-100%	$23.71	0	Oct 1, 2021	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	NWS	Deferred Stock Units	Options Exercise		-2.68K	-4.58%		55.7K	Oct 1, 2021	Class A Common Stock	2.68K		Direct	F1, F2, F3, F4
transaction	NWS	Deferred Stock Units	Award	$43.7K	+1.85K	+3.31%	$23.71	57.6K	Oct 1, 2021	Class A Common Stock	1.85K		Direct	F2, F4, F5

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

Explanation of Responses:

Id	Content
F1	The deferred stock units were deemed to have settled for the cash value of an equivalent number of shares of News Corporation's Class A Common Stock.
F2	Each deferred stock unit represents the equivalent of one share of News Corporation's Class A Common Stock.
F3	The deferred stock units became payable in cash on October 1, 2021, the first trading day of the quarter five years following the grant.
F4	Represents the aggregate number of deferred stock units held by the Reporting Person, including deferred stock units accrued as a result of dividend equivalents that vest on the same terms as the respective underlying deferred stock units. The reported deferred stock units become payable in cash on the earlier of (i) the first trading day of the quarter five years following the respective grant and (ii) the Reporting Person's end of service as a Director.
F5	The deferred stock units become payable in cash on the earlier of (i) the first trading day of the quarter five years following the grant and (ii) the Reporting Person's end of service as a Director.