Pessoa Ana Paula 4

4 · NEWS CORP · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

News Corp (NWS) Director Ana Paula Pessoa Cash‑Settles DSUs, Receives Award

What Happened

Ana Paula Pessoa, a director of News Corporation (NWS), had 1,644 deferred stock units (DSUs) settled for cash on April 1, 2026, resulting in $40,623 paid to her. On the same date she was credited with (granted) 1,972 new deferred stock units valued at $24.71 each, with an aggregate value of $48,728. These transactions reflect a cash settlement of matured DSUs and a new DSU award (derivative) rather than an open‑market purchase or sale.

Key Details

Transaction date: April 1, 2026. Report filed April 2, 2026 (timely).
Cash settlement: 1,644 DSUs -> disposed to issuer for $24.71 each = $40,623.
New award: 1,972 DSUs granted valued at $24.71 each = $48,728.
Shares owned after transaction: Not specified in the filing.
Footnotes summary: DSUs are each equivalent to one share and were deemed settled for cash; the reported and newly granted DSUs become payable in cash on the earlier of the first trading day of the quarter five years after grant or the director’s end of service.

Context

These are derivative/deferred compensation events: the settled DSUs were paid in cash (effectively a cash-out of deferred compensation) and the new DSUs are payable in cash in the future. This is routine director compensation activity and does not represent an open-market buy or sell by the director.

Form 4

Period: 2026-04-01

Director

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-04-01+1,644→ 1,644 total
Disposition to Issuer
Class A Common Stock
2026-04-01$24.71/sh−1,644$40,623→ 0 total
Exercise/Conversion
Deferred Stock Units
[F2][F1][F3][F4]
2026-04-01−1,644→ 38,920 total
→ Class A Common Stock (1,644 underlying)
Award
Deferred Stock Units
[F2][F5][F4]
2026-04-01$24.71/sh+1,972$48,728→ 40,892 total
→ Class A Common Stock (1,972 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]The deferred stock units became payable in cash on April 1, 2026, the first trading day of the quarter five years following the grant.
[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 become payable in cash on the earlier of (i) the first trading day of the quarter five years following the grant and (ii) the Reporting Person's end of service as a Director.

Signature

/s/ Kenneth C. Mertz as Attorney-in-Fact for Ana Paula Pessoa|2026-04-02

1 file