Wilm Renee L 4

What Happened
Renee L. Wilm, Chief Legal and Administrative Officer of Liberty Media Corp. (ticker: FWONK), received 17,808 shares of Series C Liberty Formula One common stock as an award. The Form 4 reports the issuance as an award (code A) at $0.00 per share, reflecting shares issued upon satisfaction of performance criteria rather than a market purchase.

Key Details

• Transaction date: February 4, 2026 (issuance upon certification of performance criteria).
• Filing date: February 23, 2026 (appears late vs. the usual 2-business-day Form 4 filing requirement).
• Shares issued: 17,808; reported price: $0.00; reported value on the form: $0.
• Footnote: These shares result from performance-based restricted stock units granted May 12, 2025, certified on Feb 4, 2026 (footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Tax withholding or share offset: Not indicated on the reported transaction.

Context
This was a vesting/award of performance-based RSUs rather than an open-market buy or sale. Such issuances are common as executive compensation tied to performance goals and do not, by themselves, indicate a bullish or bearish trading signal. Note the delayed filing may reduce the timeliness of this disclosure for investors.