BANCROFT NATALIE 4

4 · NEWS CORP · Filed Apr 9, 2026

AI-generated summary of this filing

Updated Apr 9, 2026

News Corp Director Natalie Bancroft Receives Deferred Stock Award

What Happened

Natalie Bancroft, a director of News Corporation (NWS), was granted 157 deferred stock units (DSUs) on April 8, 2026, valued at $24.43 each for an aggregate value of $3,836. These DSUs are derivative awards that represent the equivalent of Company Class A common shares and are payable in cash under the Company’s director compensation plan.
On the same date, 6 DSUs were settled/converted and disposed to the issuer at $24.43 per unit, generating $147. The filing records conversion/settlement and a disposition to the issuer (commonly used to satisfy withholding or cash settlement obligations).

Key Details

Transaction date: April 8, 2026; Form 4 filed April 9, 2026 (timely filing).
Grant: 157 deferred stock units @ $24.43 = $3,836 (reported as a derivative award).
Settlement/Disposition: 6 deferred stock units settled/converted and disposed @ $24.43 = $147.
Nature of award: Each DSU equals one share of Class A common stock and is payable in cash (per footnotes).
Dividend equivalents: Dividend equivalents accrued on DSUs vested April 1, 2026, and became payable in cash on April 8, 2026.
Shares owned after transaction: Aggregate DSUs held after the transactions are not specified in the excerpt provided.

Context

These were derivative/compensation transactions (DSUs) that are paid in cash rather than share issuances; they are routine director compensation rather than open-market purchases or sales.
The small disposition of 6 units to the issuer likely reflects cash settlement or tax withholding tied to the DSU settlement—such dispositions are common with equity-based awards.
No indication in the filing that this is a 10% owner transaction or governed by a 10b5-1 plan. The filing appears timely (filed the next day).

Form 4

Period: 2026-04-08

Director

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-04-08+6→ 6 total
Disposition to Issuer
Class A Common Stock
2026-04-08$24.43/sh−6$147→ 0 total
Award
Deferred Stock Units
[F2][F3][F4]
2026-04-08$24.43/sh+157$3,836→ 41,049 total
→ Class A Common Stock (157 underlying)
Exercise/Conversion
Deferred Stock Units
[F2][F1][F5][F4]
2026-04-08−6→ 41,043 total
→ Class A Common Stock (6 underlying)

Footnotes (5)

[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]Represents dividend equivalents accrued with respect to deferred stock units previously granted, which become payable in cash upon vesting of the underlying deferred stock units.
[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, which represent dividend equivalents accrued on deferred stock units held as of the dividend record date that vested on April 1, 2026, became payable in cash on the dividend payment date of April 8, 2026.

Signature

/s/ Kenneth C. Mertz as Attorney-in-Fact for Natalie Bancroft|2026-04-09

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