Pessoa Ana Paula 4

What Happened
Ana Paula Pessoa, a News Corporation (NWS) director, had deferred stock units (DSUs) settle and a related disposition to the issuer on July 1, 2026. The filing shows a disposition to the issuer of 1,747 shares at $25.78 each for $45,038. The filing also reports a grant/award of 1,891 deferred stock units (valued at $25.78 each) with an aggregate value of $48,750. Footnotes state the DSUs were cash-settled (each DSU equals one share) and became payable in cash on July 1, 2026.

Key Details

• Transaction date: July 1, 2026. Filing date: July 2, 2026 (timely filed).
• Disposition: 1,747 shares to issuer at $25.78 per share — total $45,038.
• Grant/award: 1,891 deferred stock units valued at $25.78 each — total $48,750 (reported as a derivative award).
• Derivative details: DSUs were deemed settled for the cash value of the equivalent shares; each DSU equals one share and became payable in cash on July 1, 2026 (see footnotes F1–F3).
• Shares owned after the transaction: not specified in the Form 4 filing.
• Filing timeliness: appears timely (transaction 7/1/2026; Form 4 filed 7/2/2026).

Context

• These were not open-market purchases or sales. The activity reflects cash settlement of deferred stock units and a disposition to the issuer rather than an on-exchange sale. Disposition-to-issuer entries often reflect share surrender or internal settlement mechanisms (for example, to cover taxes or effect cash settlement), but the filing does not state a motive.
• For retail investors: cash-settled DSU activity is generally administrative (compensation payout) rather than a direct buy/sell signal about the director’s market view.