Form 4: Chase Carey Reports Significant Transactions in Liberty Media Corp (FWONK)
SEC Form 4
Chase Carey, a director of Liberty Media Corp (FWONK), reported the acquisition and disposition of Series C Liberty Formula One Common Stock and derivative securities.
Summary
- On May 12, 2025, Chase Carey acquired 50,000 shares of Series C Liberty Formula One Common Stock at $33.22 per share and disposed of 50,000 shares at a weighted average price of $94.5979.
- On May 13, 2025, Carey acquired 100,000 shares of the same stock at $33.22 per share and disposed of 100,000 shares at $96.38 per share.
- Carey also acquired 437 Restricted Stock Units (RSUs) representing Series C Liberty Live Common Stock and 1,254 RSUs representing Series C Liberty Formula One Common Stock on May 12, 2025.
- Additionally, Carey exercised options to buy 50,000 and 100,000 shares of Series C Liberty Formula One Common Stock at $33.22 on May 12 and May 13, 2025, respectively.
- Following these transactions, Carey directly owns 93,102 shares of Series C Liberty Formula One Common Stock, 437 RSUs of Series C Liberty Live Common Stock, 1,254 RSUs of Series C Liberty Formula One Common Stock, and options to buy 407,163 shares of Series C Liberty Formula One Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral. While insider buying can be seen as positive, the simultaneous selling suggests a more complex motivation, possibly related to personal financial planning or diversification.
Positives
- The exercise of stock options and acquisition of shares by a director could be interpreted as a positive signal about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's future prospects.
Stakeholder Impact
- Shareholders may interpret these transactions as an indication of management's view on the company's stock value.
- The transactions could influence investor confidence and potentially affect the stock price.
Key Dates
| Date | Description |
|---|---|
| 05/12/2025 | Acquisition and disposition of Series C Liberty Formula One Common Stock, acquisition of Restricted Stock Units, and exercise of stock options. |
| 05/13/2025 | Acquisition and disposition of Series C Liberty Formula One Common Stock and exercise of stock options. |
| 05/14/2025 | Date of signature for the Form 4 filing. |
| 12/06/2025 | Expiration date for Restricted Stock Units. |
| 03/06/2026 | Expiration date for Stock Options. |
Keywords
Liberty Media Corp, FWONK, Chase Carey, Series C Liberty Formula One Common Stock, Restricted Stock Units, Stock Options, Beneficial Ownership, Director, Transactions
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