LARRY E. ROMRELL - 15 Dec 2025 Form 4 Insider Report for Liberty Media Corp (FWONA)

Role
Director
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for Larry E. Romrell
Issuer symbol
FWONA
Transactions as of
15 Dec 2025
Net transactions value
$0
Form type
4
Filing time
17 Dec 2025, 18:30:08 UTC
Previous filing
12 Dec 2025
Next filing
22 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
ROMRELL LARRY E Director 12300 LIBERTY BOULEVARD, ENGLEWOOD /s/ Brittany A. Uthoff as Attorney-in-Fact for Larry E. Romrell 17 Dec 2025 0001120556

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FWONK Series A Liberty Live Common Stock Other $0 -5,163 -100% $0.000000 0 15 Dec 2025 Direct F1
transaction FWONK Series B Liberty Live Common Stock Other $0 -56 -100% $0.000000 0 15 Dec 2025 Direct F1, F2
transaction FWONK Series C Liberty Live Common Stock Other $0 -11,572 -100% $0.000000 0 15 Dec 2025 Direct F1

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 FWONK Stock Option (Right to Buy) - LLYVK Other $0 -103 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 103 $28.89 Direct F3
transaction FWONK Stock Option (Right to Buy) - LLYVK Other $0 -1,085 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 1,085 $53.46 Direct F3
transaction FWONK Stock Option (Right to Buy) - LLYVK Other $0 -1,141 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 1,141 $72.91 Direct F3
transaction FWONK Stock Option (Right to Buy) - LLYVK Other $0 -109 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 109 $27.92 Direct F3
transaction FWONK Stock Option (Right to Buy) - LLYVK Other $0 -1,162 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 1,162 $44.85 Direct F3
transaction FWONK Stock Option (Right to Buy) - LLYVK Other $0 -1,152 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 1,152 $33.97 Direct F3
transaction FWONK Stock Option (Right to Buy) - LLYVK Other $0 -163 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 163 $20.86 Direct F3
transaction FWONK Stock Option (Right to Buy) - LLYVK Other $0 -1,563 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 1,563 $50.88 Direct F3
transaction FWONK Stock Option (Right to Buy) - LLYVK Other $0 -144 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 144 $20.03 Direct F3
transaction FWONK Stock Option (Right to Buy) - LLYVK Other $0 -1,435 -100% $0.000000 0 15 Dec 2025 Series C Liberty Live Common Stock 1,435 $45.33 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2025, Liberty Media Corporation (the "Issuer") redeemed (the "Redemption") each share of its Series A Liberty Live common stock, Series B Liberty Live common stock and Series C Liberty Live common stock for one share of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings, Inc. ("Liberty Live Holdings").
F2 Each share of Series B Common Stock is convertible, at the holder's election, into one share of Series A Common Stock, at any time for no consideration other than the surrender of the share of Series B Common Stock for each share of Series A Common Stock.
F3 In connection with the Redemption, all option awards held by the reporting person with respect to the Issuer's Liberty Live common stock (each, a "Live Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the Live Awards were granted, such that each Live Award was exchanged for an option to purchase an equivalent number of shares of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings.

Remarks:

The transactions and adjustments described above were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.