Form 4: News Corp Executive David R. Kline Sells 10,000 Shares of Class A Common Stock
SEC Form 4 Filing
David R. Kline, Chief Technology Officer of News Corp, sold 10,000 shares of Class A Common Stock on September 5, 2024, at a weighted average price of $26.9626.
Summary
- On September 5, 2024, David R. Kline, the Chief Technology Officer of News Corp, sold 10,000 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $26.9626 per share.
- The price range for the shares sold was between $26.96 and $26.98.
- Following the transaction, Kline's direct ownership of Class A Common Stock is 0 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is often a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 09/05/2024 | Date of transaction: David R. Kline sold 10,000 shares of News Corp Class A Common Stock. |
| 09/06/2024 | Date of signature for the Form 4 filing. |
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