News Corp: director Ana Paula Pessoa sold 6 shares

What happened

• Ana Paula Pessoa, a director, exercised or converted derivatives covering 6 shares and those 6 shares were disposed to the issuer at $28.55 each for $171 on Oct 7, 2026. The filing also shows a grant of 136 deferred stock units (derivative) valued at $3,883 on Oct 7, 2026.

Key details

• Transaction date(s) and price(s):
  • Oct 7, 2026 — exercise/conversion of derivative (code M): 6 shares, price N/A.
  • Oct 7, 2026 — disposition to issuer (code D): 6 shares @ $28.55, total $171.
  • Oct 7, 2026 — grant/award (code A): 136 deferred stock units @ $28.55, total $3,883 (derivative).
• Shares owned after the transaction: the provided filing excerpts do not list a numeric total of shares owned following these transactions.
• Relevant footnotes from the filing:
  • Deferred stock units were deemed settled for the cash value of an equivalent number of shares (F1).
  • Each deferred stock unit represents the equivalent of one share of Class A common stock (F2).
  • Dividend equivalents accrued with respect to deferred stock units become payable in cash upon vesting of the underlying deferred stock units (F3).
  • The reported deferred stock units are 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 (F4).
  • Deferred stock units representing dividend equivalents that vested on Oct 1, 2026, became payable in cash on Oct 7, 2026 (F5).
• Filing date and timeliness: the Form 4 was filed Oct 9, 2026; no late-filing flag is shown in the provided excerpt.

Why it may matter

• The filing shows an exercise/conversion of derivatives followed by an immediate disposition to the issuer of the same 6 shares, which the filing treats as a cashless disposition of the exercised shares.
• The 136-share entry is a grant of deferred stock units that are treated as derivative awards and payable in cash under the stated terms.
• A filing does not show why the insider traded or why the company acted.