Lachlan K. Murdoch - Jan 3, 2023 Form 4 Insider Report for NEWS CORP (NWS)

Role: Director
Signature: /s/ Kenneth C. Mertz as Attorney-in-Fact for Lachlan K. Murdoch
Stock symbol: NWS
Transactions as of: Jan 3, 2023
Transactions value $: $714
Form type: 4
Date filed: 1/5/2023, 03:24 PM
Previous filing: Oct 13, 2022
Next filing: Mar 30, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NWS	Class A Common Stock	Options Exercise		+2.35K	+2062.28%		2.47K	Jan 3, 2023	Direct	F1
transaction	NWS	Class A Common Stock	Disposed to Issuer	-$43K	-2.35K	-95.38%	$18.30	114	Jan 3, 2023	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		-2.35K	-4.21%		53.5K	Jan 3, 2023	Class A Common Stock	2.35K		Direct	F1, F2, F3, F4
transaction	NWS	Deferred Stock Units	Award	$43.7K	+2.39K	+4.47%	$18.30	55.9K	Jan 3, 2023	Class A Common Stock	2.39K		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 January 3, 2023, 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.