Pessoa Ana Paula 4

4 · NEWS CORP · Filed Apr 9, 2026

AI-generated summary of this filing

Updated Apr 9, 2026

News Corp (NWS) Director Ana Paula Pessoa Receives Cash from DSUs

What Happened

Ana Paula Pessoa, a director of News Corporation (NWS), had deferred stock units (DSUs) settle for cash on April 8, 2026. The filing shows a grant/award of 157 deferred stock units valued at $24.43 each (total ≈ $3,836) and a disposition/withholding of 6 shares at $24.43 each (total $147). The transactions are reported as derivative-related (DSUs/dividend equivalents) and a cash settlement rather than an open-market purchase or sale of newly acquired common shares.

Key Details

Transaction date: April 8, 2026. Price used for valuation: $24.43 per share.
Reported items: 157 DSUs awarded (A) — $3,836; 6 shares disposed to issuer (D) — $147 (tax withholding/settlement). Filing also lists exercise/conversion (M) entries related to the DSU mechanics.
Shares owned after transaction: The filing reports remaining deferred stock units payable in cash under the plan; it does not state a post-transaction count of Class A common shares held outright.
Notable footnotes:
- F1/F2/F4: DSUs represent the equivalent of Class A shares and are payable in cash on the earlier of a scheduled payout date (first trading day of the quarter five years after grant) or the director’s end of service.
- F3/F5: Dividend equivalents on DSUs vested April 1, 2026 and were paid in cash on April 8, 2026; part of the payout appears to have been withheld/settled via disposition of 6 shares.
Timeliness: Filing dated April 9, 2026 for transactions on April 8, 2026 — appears timely.

Context

These transactions reflect deferred compensation (DSUs and accrued dividend equivalents) being settled in cash, not a market purchase or long-term buy signal. The disposition to the issuer is consistent with shares/units being withheld or surrendered to satisfy tax withholding obligations on the payout. Transaction codes: A = award/grant, D = disposition to issuer (often tax withholding), M = exercise/conversion of a derivative.

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 Ana Paula Pessoa|2026-04-09

1 file