BANCROFT NATALIE 4

What Happened
Natalie Bancroft, a director of News Corporation (NWS), had 1,644 deferred stock units (DSUs) settled and disposed to the issuer on April 1, 2026 for $24.71 per share, producing cash proceeds of $40,623. On the same day she was also granted 1,972 new deferred stock units with an aggregate grant value of $48,728 (valued at $24.71 per share). The transactions reflect cash settlement of previously accrued DSUs and a new DSU award rather than an open-market purchase or sale.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (appears timely).
• Disposition: 1,644 shares at $24.71 each -> $40,623 (Disposition to issuer).
• Grant/Award: 1,972 deferred stock units valued at $24.71 each -> $48,728.
• Shares owned after transaction: Not specified in this filing.
• Footnotes: DSUs are one-for-one equivalents to Class A common shares, were cash-settled on April 1, 2026, and new DSUs generally become payable in cash on the earlier of (i) the first trading day of the quarter five years after grant or (ii) the director’s end of service.

Context
These were derivative/compensation-related transactions (cash settlement of DSUs plus a new DSU award), not an open-market sale or purchase. DSUs are deferred compensation and their settlement/award typically reflect compensation timing or plan mechanics rather than a stock purchase decision by the insider.