Ciongoli Adam G. 4

What Happened
Adam G. Ciongoli, Chief Legal and Policy Officer of Fox Corporation (FOX), had 26,883 restricted stock units (RSUs) convert into common shares on June 30, 2026. To cover tax withholding, 10,523 of those shares were surrendered at $50.39 per share for a withholding amount of $530,254. That leaves a net of 16,360 shares delivered to him from this vesting event.

Key Details

• Transaction date: June 30, 2026; Form 4 filed July 1, 2026 (appears timely).
• Vesting/conversion: 26,883 RSUs converted to 26,883 shares (reported as derivative exercise/conversion, code M).
• Tax withholding: 10,523 shares surrendered (code F) at $50.39/share, total $530,254.
• Net shares retained from this vesting: 26,883 − 10,523 = 16,360 shares.
• Footnotes: F1 — each RSU equals one share; F2 — final tranche vested per schedule (1/3 on 6/30/24, 1/3 on 6/30/25, remainder on 6/30/26).
• The filing also shows a technical derivative "disposed" entry at $0 tied to the conversion; this is a standard reporting artifact when RSUs convert to shares.
• The filing does not state total shares owned by Ciongoli after the transaction beyond the net from this vesting.

Context
This was a scheduled equity award vesting (not an open-market purchase or a discretionary sale). The withholding of shares to satisfy tax obligations is routine and does not necessarily indicate any change in the insider's view of the company. For retail investors, purchases are more informative about insider sentiment; vesting plus withholding is a common compensation event.