GREGORY B. MAFFEI - 16 Mar 2023 Form 4 Insider Report for Liberty Media Corp (LSXMA)

Role
President, CEO, Director
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for Gregory B. Maffei
Issuer symbol
LSXMA
Transactions as of
16 Mar 2023
Transactions value $
-$9,139,178
Form type
4
Filing time
20 Mar 2023, 16:47:56 UTC
Previous filing
16 Mar 2023
Next filing
26 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSXMA Series C Liberty Braves Common Stock Options Exercise $1,333,336 +74,322 +7.2% $17.94 1,106,388 16 Mar 2023 Direct
transaction LSXMA Series C Liberty Braves Common Stock Tax liability -$1,812,009 -55,481 -5.01% $32.66 1,050,907 16 Mar 2023 Direct
transaction LSXMA Series C Liberty Formula One Common Stock Options Exercise $3,329,654 +185,703 +19.83% $17.93 1,122,309 16 Mar 2023 Direct
transaction LSXMA Series C Liberty Formula One Common Stock Sale -$5,610,307 -78,411 -6.99% $71.55 1,043,898 16 Mar 2023 Direct F1
transaction LSXMA Series C Liberty Formula One Common Stock Tax liability -$7,715,367 -107,292 -10.28% $71.91 936,606 16 Mar 2023 Direct
transaction LSXMA Series C Liberty SiriusXM Common Stock Purchase $1,335,515 +50,000 +1.2% $26.71 4,203,799 16 Mar 2023 Direct F2, F3
holding LSXMA Series C Liberty SiriusXM Common Stock 388,030 16 Mar 2023 Maven 2017 - 2 GRAT

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LSXMA Stock Option (Right to Buy) - BATRK Options Exercise $0 -74,322 -100% $0* 0 16 Mar 2023 Series C Liberty Braves Common Stock 74,322 $17.94 Direct
transaction LSXMA Stock Option (Right to Buy) - FWONK Options Exercise $0 -185,703 -100% $0* 0 16 Mar 2023 Series C Liberty Formula One Common Stock 185,703 $17.93 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price is a weighted average price. These shares were sold in multiple transactions ranging from $71.22 to $71.85, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
F2 The price is a weighted average price. These shares were purchased in multiple transactions ranging from $26.60 to $26.82, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
F3 The Issuer has eliminated Series C Liberty SiriusXM Common Stock as an investment alternative available under the Issuer's 401(k) Plan. Subsequently, in March 2023, the 39,650 shares of Series C Liberty SirusXM Common Stock the reporting person beneficially owned under the Plan were liquidated.
F4 The derivative security is fully vested.