MALONE JOHN C 4

4 · Liberty Media Corp · Filed Mar 31, 2026

AI-generated summary of this filing

Updated Mar 31, 2026

Liberty Media (FWONK) 10% Owner John C. Malone Sells via Put Options

What Happened

John C. Malone, a 10% owner of Liberty Media Corp (FWONK), wrote (sold) over‑the‑counter put options on March 30, 2026 tied to 250,000 shares. The Form 4 reports the derivative premium as $5.14 per share (total ≈ $1,284,000). This is a derivative sale (not an open‑market sale of his shares) that generated immediate cash (the premium).

Key Details

Transaction date: March 30, 2026; filing date: March 31, 2026 (timely).
Reported amount: 250,000 shares (derivative reference) at $5.14 per share premium; total premium ≈ $1,284,000.
Shares owned after transaction: not specified in this filing.
Footnote: The puts are European‑style, may be settled in cash or by physical delivery at Malone’s option, and expire in three roughly equal tranches on Mar 29, Mar 30 and Mar 31, 2027. The strike price is reported as $71.7531 (determined by a formula tied to the counterparty’s hedge prices).
Transaction type: derivative (Form 4 code "S" — sale of a derivative interest), not a straightforward equity sale or purchase.

Context

Selling (writing) put options provides immediate income (the premium) but can require the writer to buy the underlying shares (or settle in cash) at the strike if the options are exercised/settled. This filing documents a derivative income strategy by a 10% owner rather than a direct buy/sell of stock.

Form 4

Period: 2026-03-30

10% Owner

Transactions

SaleSwap
Put Option (obligation to buy)
[F1]
2026-03-30$5.14/sh−250,000$1,284,000→ 250,000 total
Exercise: $71.75→ Series A Liberty Formula One Common Stock (250,000 underlying)

Footnotes (1)

[F1]On March 30, 2026, Mr. Malone wrote over-the-counter put options to a financial institution counterparty representing the obligation by the financial institution to sell to Mr. Malone an aggregate of 250,000 shares of Series A Liberty Formula One Common Stock at a strike price of $71.7531, which was determined pursuant to a formula based on the weighted average prices of the Series A Liberty Formula One Common Stock at which the financial institution established its initial hedge position in respect of the put options. Mr. Malone received, in the aggregate, a premium of approximately $1,284,000 in connection with entering into the put options. The put options are European style and may be settled physically or in cash at the option of Mr. Malone. The put options expire in three approximately equal components on March 29, 2027, March 30, 2027 and March 31, 2027.

Signature

/s/ Brittany A. Uthoff as Attorney-in-Fact for John C. Malone|2026-03-31

1 file