Form 4: Fox CFO Exercises Options, Sells Shares
Insider Transaction Report
Fox Corporation's Chief Financial Officer, Steven Tomsic, exercised stock options and subsequently sold an equivalent number of Class A Common Stock shares.
Summary
- Steven Tomsic, Chief Financial Officer of Fox Corporation, engaged in transactions involving the company's Class A Common Stock on November 10, 2025.
- Tomsic exercised stock options to acquire 70,091 shares of Class A Common Stock at an exercise price of $40.26 per share.
- Additionally, Tomsic exercised stock options to acquire 68,306 shares of Class A Common Stock at an exercise price of $36.00 per share.
- The total number of shares acquired through option exercises was 138,397.
- Concurrently, Tomsic sold 138,397 shares of Class A Common Stock at a weighted average price of $66.54 per share.
- The sales prices ranged from $66.29 to $66.79 per share.
- Following these transactions, Tomsic directly beneficially owns 180,556 shares of Class A Common Stock.
- The stock options exercised had vesting schedules in 2020, 2021, and 2022, and expiration dates in March 2026 and August 2026.
Sentiment
Score: 5
Explanation: The sentiment is neutral to slightly positive. While an insider selling shares can sometimes be viewed negatively, this transaction represents the exercise of options and an immediate sale, often for tax or diversification purposes, rather than a reduction in a long-term holding. The significant profit realized from the options is a positive indicator of past stock performance.
Positives
- The exercise of stock options indicates that the company's stock price has performed well, making the options 'in the money' and allowing the CFO to realize a significant gain.
- The sale price of $66.54 per share is substantially higher than the exercise prices of $40.26 and $36.00, demonstrating a profitable transaction for the insider.
Negatives
- The CFO sold all shares acquired through the option exercises, which, while a common practice for tax planning or diversification, means there was no net increase in their direct beneficial ownership from these specific transactions.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders may view the CFO's decision to sell shares acquired through options as a mixed signal, balancing the positive of realized gains against the lack of increased long-term insider holdings.
Key Dates
| Date | Description |
|---|---|
| 06/15/2020 | 50% vesting date for stock options with $40.26 exercise price. |
| 08/15/2020 | One-third vesting date for stock options with $36.00 exercise price. |
| 06/15/2021 | 50% vesting date for stock options with $40.26 exercise price. |
| 08/15/2021 | One-third vesting date for stock options with $36.00 exercise price. |
| 08/15/2022 | One-third vesting date for stock options with $36.00 exercise price. |
| 11/10/2025 | Date of option exercise and subsequent sale transactions. |
| 03/19/2026 | Expiration date for stock options with $40.26 exercise price. |
| 08/05/2026 | Expiration date for stock options with $36.00 exercise price. |
Keywords
Fox Corp, FOX, Steven Tomsic, CFO, Insider Trading, Form 4, Stock Options, Share Sale, Equity Compensation
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