David B. Pitofsky - Aug 15, 2022 Form 4 Insider Report for NEWS CORP (NWS)

Signature
/s/ Kenneth C. Mertz as Attorney-in-Fact for David B. Pitofsky
Stock symbol
NWS
Transactions as of
Aug 15, 2022
Transactions value $
-$3,615,739
Form type
4
Date filed
8/17/2022, 04:20 PM
Previous filing
Aug 8, 2022
Next filing
Oct 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWS Class A Common Stock Options Exercise +184K +228.03% 264K Aug 15, 2022 Direct F1, F2
transaction NWS Class A Common Stock Tax liability -$1.91M -101K -38.44% $18.83 163K Aug 15, 2022 Direct F3
transaction NWS Class A Common Stock Options Exercise +9.31K +5.73% 172K Aug 15, 2022 Direct F4, F5
transaction NWS Class A Common Stock Tax liability -$97K -5.15K -3% $18.83 167K Aug 15, 2022 Direct F3
transaction NWS Class A Common Stock Options Exercise +6.86K +4.12% 174K Aug 15, 2022 Direct F4, F5
transaction NWS Class A Common Stock Tax liability -$71.5K -3.8K -2.19% $18.83 170K Aug 15, 2022 Direct F3
transaction NWS Class A Common Stock Sale -$1.54M -82K -48.33% $18.73 87.7K Aug 15, 2022 Direct F6

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 Stock-Settled Performance Stock Units Options Exercise -184K -100% 0 Aug 15, 2022 Class A Common Stock 184K Direct F1, F2, F7
transaction NWS Stock-Settled Restricted Stock Units Options Exercise -9.31K -49.99% 9.32K Aug 15, 2022 Class A Common Stock 9.31K Direct F4, F5, F8
transaction NWS Stock-Settled Restricted Stock Units Options Exercise -6.86K -33.33% 13.7K Aug 15, 2022 Class A Common Stock 6.86K Direct F4, F5, F8
transaction NWS Stock-Settled Restricted Stock Units Award $0 +27.1K $0.00 27.1K Aug 15, 2022 Class A Common Stock 27.1K Direct F8, F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes dividend equivalents accrued during the performance period that are subject to the same performance-based and time-based vesting conditions as the underlying stock-settled performance stock units.
F2 The stock-settled performance stock units were deemed to have settled for an equivalent number of shares of News Corporation's Class A Common Stock.
F3 Represents shares withheld upon vesting of the applicable incentive award to satisfy tax withholding obligations.
F4 Includes dividend equivalents accrued during the vesting period that are subject to the same time-based vesting conditions as the underlying stock-settled restricted stock units.
F5 The stock-settled restricted stock units were deemed to have settled for an equivalent number of shares of News Corporation's Class A Common Stock.
F6 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $18.60 to $18.86, inclusive. The reporting person undertakes to provide to News Corporation, any security holder of News Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 Each stock-settled performance stock unit is the economic equivalent of one share of News Corporation's Class A Common Stock.
F8 Each stock-settled restricted stock unit is the economic equivalent of one share of News Corporation's Class A Common Stock.
F9 The stock-settled restricted stock units were granted as part of the Reporting Person's fiscal 2023 long-term equity incentive award.
F10 The stock-settled restricted stock units will vest in thirds on August 15, 2023, 2024 and 2025, subject to time-based vesting conditions.