Form 4 for FWONA Liberty Media Corp
Accepted 2025-12-17 00:00:00 ET · period of report 2025-12-15 · accession 0001225208-25-010090 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-12-17 | 2025-12-15 | FWONA | CHANG DEREK | Pres, CEO, Dir | J - Other | $0.00 | -1,024 | 0 | -100% | $0 |
| DM | 2025-12-17 | 2025-12-15 | FWONA | CHANG DEREK | Pres, CEO, Dir | J - Other | $0.00 | -176.1K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Series C Liberty Live Common Stock | 2025-12-15 | J | D | 1,024 | $0.00 | 0 | D | — | — | (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"). |
| 2 | Derivative | Restricted Stock Units - LLYVK | 2025-12-15 | J | D | 62,051 | $0.00 | 0 | D | — · 2029-12-15 to 2029-12-15 | 62,051 Series C Liberty Live Common Stock | (F3) In connection with the Redemption, all restricted stock units held by the reporting person with respect to the Issuer's Liberty Live common stock (each, a "Live RSU") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the Live RSUs were granted, such that each Live RSU was exchanged for a restricted stock unit with respect to an equivalent number of shares of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings. (F2) Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Live common stock. |
| 3 | Derivative | Stock Option (Right to Buy) - LLYVK | 2025-12-15 | J | D | 23,628 | $0.00 | 0 | D | $76.45 · — to 2032-05-12 | 23,628 Series C Liberty Live Common Stock | (F4) 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. (F5) This option award vests in five substantially equal installments on March 14, 2026, 2027, 2028, 2029 and 2030. |
| 4 | Derivative | Stock Option (Right to Buy) - LLYVK | 2025-12-15 | J | D | 88,584 | $0.00 | 0 | D | $81.03 · — to 2032-12-03 | 88,584 Series C Liberty Live Common Stock | (F4) 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. (F6) This option award will vest in accordance with the following schedule: (i) 25% of the award will vest in four substantially equal tranches on December 3, 2026, 2027, 2028 and 2029; (ii) 25% of the award will vest inthree substantially equal tranches on December 3, 2027, 2028 and 2029; (iii) 25% of the award will vest in two substantially equal tranches on December 3, 2028 and 2029; and (iv) 25% of the award will vest on December3, 2029. |
| 5 | Derivative | Stock Option (Right to Buy) - LLYVK | 2025-12-15 | J | D | 51 | $0.00 | 0 | D | $28.89 · 2022-12-06 to 2028-12-06 | 51 Series C Liberty Live Common Stock | (F4) 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. |
| 6 | Derivative | Stock Option (Right to Buy) - LLYVK | 2025-12-15 | J | D | 538 | $0.00 | 0 | D | $48.78 · 2021-12-10 to 2027-12-10 | 538 Series C Liberty Live Common Stock | (F4) 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. |
| 7 | Derivative | Stock Option (Right to Buy) - LLYVK | 2025-12-15 | J | D | 54 | $0.00 | 0 | D | $27.92 · 2023-12-08 to 2029-12-08 | 54 Series C Liberty Live Common Stock | (F4) 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. |
| 8 | Derivative | Stock Option (Right to Buy) - LLYVK | 2025-12-15 | J | D | 52 | $0.00 | 0 | D | $21.36 · 2021-12-10 to 2027-12-10 | 52 Series C Liberty Live Common Stock | (F4) 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. |
| 9 | Derivative | Stock Option (Right to Buy) - LLYVK | 2025-12-15 | J | D | 581 | $0.00 | 0 | D | $44.85 · 2023-12-08 to 2029-12-08 | 581 Series C Liberty Live Common Stock | (F4) 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. |
| 10 | Derivative | Stock Option (Right to Buy) - LLYVK | 2025-12-15 | J | D | 542 | $0.00 | 0 | D | $53.46 · 2022-12-06 to 2028-12-06 | 542 Series C Liberty Live Common Stock | (F4) 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. |