LGC Holdco, LLC 3
3 · NEWS CORP · Filed Sep 12, 2025
Insider Transaction Report
Form 3
NEWS CORPNWS
LGC Holdco, LLC
10% Owner
Holdings
- 7,125
Class A Common Stock
- 38,327,936
Class B Common Stock
Footnotes (3)
- [F1]On September 6, 2025, the Murdoch Family Trust (the "MFT") transferred (i) approximately 50% of the shares of Class A common stock, par value $0.01 per share ("Class A Shares"), of the Issuer and approximately 50% of the shares of Class B common stock, par value $0.01 per share ("Class B Shares"), of the Issuer held by the MFT to three trusts established by Cruden Financial Services LLC, the sole trustee of the MFT ("Cruden"), one for the benefit of each of Prudence MacLeod, Elisabeth Murdoch and James Murdoch and their respective descendants and charitable organizations, and (ii) the remaining Class A Shares and Class B Shares held by the MFT to three trusts established by Cruden, one for the benefit of each of Lachlan K. Murdoch, Grace Murdoch and Chloe Murdoch and their respective descendants and charitable organizations (collectively, the "LGC Family Trusts").
- [F2]On September 7, 2025, the LGC Family Trusts contributed all of the Class A Shares and Class B Shares they own to LGC Holdco, LLC ("LGC Holdco").
- [F3]LGC Holdco is owned by the LGC Family Trusts and managed by Cruden 2, LLC ("Cruden 2"). Pursuant to the governance structure of LGC Holdco effective as of September 10, 2025, the decisions of Cruden 2 with respect to the voting and disposition of the Class A Shares and Class B Shares held by LGC Holdco are, subject to certain limited exceptions, decided solely by a single managing director of Cruden 2, who is appointed, and may be replaced, by Lachlan K. Murdoch. As of the date of this filing, Mr. Roberson is such managing director and, therefore, may be deemed to beneficially own the Class A Shares and Class B Shares owned by LGC Holdco; however, Mr. Roberson disclaims beneficial ownership of such shares.