MURDOCH LACHLAN K 4

What Happened

• Lachlan Murdoch, Executive Chair and CEO of Fox Corporation (FOX), was granted three awards of restricted stock units (RSUs) on March 25, 2026: 271 RSUs, 523 RSUs and 480 RSUs, for a total of 1,274 RSUs. Each RSU represents one share of Class A common stock and the awards were granted at no cash price ($0.00) — these are derivative awards, not open-market purchases.

Key Details

• Transaction date: March 25, 2026; Form 4 filed March 26, 2026 (appears timely).
• Grants: 271 RSUs, 523 RSUs, 480 RSUs (total 1,274 RSUs); price reported $0.00 per unit.
• Nature: Award/Grant (code A) — RSUs (derivative awards) that convert into shares per vesting schedule.
• Footnotes: F1 — each RSU equals one share; F2 — dividend equivalents accrue on the RSUs; F3–F6 — the awards vest in three annual installments under varying schedules (some grants partially vested in prior years, others vest in equal thirds from 2026–2028); F4 notes aggregate RSUs held for a specific grant.
• Shares owned after transaction: not specified in the provided filing.

Context

• RSU awards are a standard form of executive compensation and do not involve an open-market purchase or sale; they vest over time and typically cannot be sold until vested. Dividend equivalents, where noted, accrue and vest on the same schedule as the underlying RSUs.
• Awards like this are informational about compensation timing and dilution but do not by themselves indicate the insider’s short‑term trading sentiment. Purchases (open-market buys) are generally considered a stronger bullish signal for retail investors.