LACHLAN K. MURDOCH - 01 Oct 2025 Form 4 Insider Report for NEWS CORP (NWS)

Role: Director
Signature: /s/ Kenneth C. Mertz as Attorney-in-Fact for Lachlan K. Murdoch
Issuer symbol: NWS
Transactions as of: 01 Oct 2025
Net transactions value: -$38,938
Form type: 4
Filing time: 03 Oct 2025, 16:16:06 UTC
Previous filing: 25 Sep 2025
Next filing: 10 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
MURDOCH LACHLAN K	Director	C/O NEWS CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK	/s/ Kenneth C. Mertz as Attorney-in-Fact for Lachlan K. Murdoch	03 Oct 2025	0001242818

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NWS	Class A Common Stock	Options Exercise		+3,028	+2656%		3,142	01 Oct 2025	Direct	F1
transaction	NWS	Class A Common Stock	Disposed to Issuer	$87,661	-3,028	-96%	$28.95	114	01 Oct 2025	Direct
holding	NWS	Class A Common Stock						14,250	01 Oct 2025	By LGC Holdco, LLC	F2

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	NWS	Deferred Stock Units	Options Exercise		-3,028	-7.2%		39,258	01 Oct 2025	Class A Common Stock	3,028		Direct	F1, F3, F4, F5
transaction	NWS	Deferred Stock Units	Award	$48,723	+1,683	+4.3%	$28.95	40,941	01 Oct 2025	Class A Common Stock	1,683		Direct	F3, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The deferred stock units were deemed to have settled for the cash value of an equivalent number of shares of News Corporation's Class A Common Stock.
F2	Pursuant to the governance structure of LGC Holdco, LLC ("LGC Holdco"), the decisions with respect to the voting and disposition of the shares of News Corporation's Class A Common Stock held by LGC Holdco are, subject to certain limited exceptions, decided solely by a single managing director of LGC Holdco's sole manager, who is appointed, and may be replaced, by Lachlan K. Murdoch. As a result, Mr. Murdoch may be deemed to beneficially own the shares of News Corporation's Class A Common Stock owned by LGC Holdco; however, Mr. Murdoch disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F3	Each deferred stock unit represents the equivalent of one share of News Corporation's Class A Common Stock.
F4	The deferred stock units became payable in cash on October 1, 2025, the first trading day of the quarter five years following the grant.
F5	Represents the aggregate number of deferred stock units held by the Reporting Person, including deferred stock units accrued as a result of dividend equivalents that vest on the same terms as the respective underlying deferred stock units. The reported deferred stock units become 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.
F6	The deferred stock units become payable in cash on the earlier of (i) the first trading day of the quarter five years following the grant and (ii) the Reporting Person's end of service as a Director.