Lachlan Murdoch Reports Routine Cash Settlement of Deferred Stock Units in News Corp

Insider Filing Analysis: News Corp (NASDAQ: NWS)

Overview

On October 9, 2026, Director Lachlan K. Murdoch filed a Form 4 disclosing transactions executed on October 7, 2026, relating to Class A Common Stock and Deferred Stock Units (DSUs).

Details of the Transactions

1. Derivative Grant/Accrual: Murdoch acquired 136 Deferred Stock Units at an implied price of $28.55 per share, representing dividend equivalents accrued on previously granted DSUs.
2. Settlement and Cash Disposition: Murdoch exercised/converted 6 DSUs (accrued as dividend equivalents that vested on October 1, 2026) and subsequently had 6 shares of Class A Common Stock disposed of/cash-settled at $28.55 per share for a total consideration of approximately $171.30.

Holdings Impact

• Direct Common Stock Holdings: 114 shares following the settlement.
• Deferred Stock Units: 41,102 DSUs directly held following the reported transactions.

Trading Significance

This transaction represents a routine settlement of dividend equivalents into cash in accordance with director compensation plan rules. The nominal value ($171.30) carries no market-moving or directional sentiment significance.