Form 4: Gregory Maffei, Liberty Media CEO, Reports Changes in Beneficial Ownership

Gregory Maffei, CEO of Liberty Media, filed a Form 4 detailing changes in his beneficial ownership of Liberty Formula One and Liberty Live common stock due to tax withholding obligations.

Summary

• Gregory Maffei, the President and CEO of Liberty Media Corporation, filed a Form 4 with the SEC.
• The filing reports changes in his beneficial ownership of Series C Liberty Formula One Common Stock and Series C Liberty Live Common Stock.
• On March 11, 2024, 36,313 shares of Series C Liberty Formula One Common Stock were disposed of at a price of $71.31 due to tax withholding.
• On the same date, 1,554 shares of Series C Liberty Live Common Stock were disposed of at a price of $40.01 due to tax withholding.
• Following these transactions, Maffei directly owns 983,292 shares of Series C Liberty Formula One Common Stock and 1,093,032 shares of Series C Liberty Live Common Stock.
• He also indirectly owns 97,007 shares of Series C Liberty Live Common Stock through Maven 2017 2 GRAT.

Sentiment

Score: 7

Explanation: The sentiment is neutral. The filing is a routine disclosure of stock transactions for tax purposes and doesn't indicate any fundamental change in the company's prospects or management's confidence.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates stock disposals for tax obligations, which is a common occurrence.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on shareholders, as they are related to tax obligations and represent a small portion of Maffei's holdings.

Key Dates

Keywords

Form 4, Liberty Media, Gregory Maffei, Beneficial Ownership, LSXMA, Stock Transaction, Series C Liberty Formula One Common Stock, Series C Liberty Live Common Stock