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FOXAFox Corporation · Insider ownership research

Fox Corporation insiders sold $132M in the past 12 months. How much of their stake is that?

About 1.5% overall. As a group they ended with more shares than they started with.

Updated Oct 8, 2026 from SEC filings · covers Oct 9, 2025 to Oct 8, 2026
How this comparesMore of their stake sold than at 94 of the 311 other companies we can measure (#218 of 312)See ranking
1
buyer among officers and directors (2 trades), past 12 months
70%
of sales were under disclosed trading plans, past 12 months
6 of 11
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 9, 2026 to Oct 8, 2026
Sep 15, 2026Lachlan Murdoch sold 150K shares ($10.3M) with no plan disclosed. That is 0.2% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Lachlan Murdoch
Executive Chair, CEO, Director
149,934$68.530.2%87.87MSep 15, 2026Sep 16, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Sep 15, 2026Lachlan Murdoch bought 150K shares ($10.3M). The total stake went from 87.87M to 87.87M shares that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Lachlan Murdoch
Executive Chair, CEO, Director
149,934$68.53n/a87.87MSep 15, 2026Sep 16, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? More than usual: about 2.4x the 5-year average. 6 insiders sold; the average is 3 a year. Year by year
Latest filing: Filed Oct 2 for a vesting on Oct 1. Chase Carey had 5.1K shares vest or be exercised. Filing
53 SEC ownership filings in the period · See the evidence

What stands out

Paul Ryan sold 100% of vested holdings: 18K shares for $1.1M, none under a disclosed plan.Largest sale, Oct 31, 2025
Four officers sold $38.6M with no disclosed plan: Keith Murdoch ($17.1M), Lachlan Murdoch ($10.3M, 0.2% of holdings) and Steven Tomsic ($9.2M), plus 1 more. The filings don't state a reason.Keith Murdoch: largest such sale, Nov 7, 2025 · Lachlan Murdoch: largest such sale, Sep 15, 2026 · Steven Tomsic: largest such sale, Nov 10, 2025
Lachlan Murdoch bought 325K shares for $20.9M, first on Mar 13, 2026.Purchase, Mar 13, 2026

Percentages cover 4 of 11 officers and directors. 7 are left out

i
Left out: Keith Murdoch (most holdings were last confirmed in 2019); John Nallen (holdings couldn't be fully reconciled); Steven Tomsic and Adam Ciongoli (most of their shares vested during the period, so a percentage would mislead); William Burck, Margaret Johnson and Anthony Abbott (held no vested shares at the start).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period
Lachlan Murdoch
Executive Chair, CEO, Director
Sold 1.5%, but 1.57M shares were added (mostly vesting), so the stake grew
1.5% · $75.7M86% planned
John Nallen
President, COO
No bar: holdings couldn't be fully reconciled.
$26.5MDisclosed plan
Keith Murdoch
Chair, Director
No bar: most holdings were last confirmed in 2019.
$17.1MNo plan disclosed
Steven Tomsic
Chief Financial Officer
Sold 39% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.
$9.2MNo plan disclosed
Adam Ciongoli
Chief Legal and Policy Officer
Sold 28% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.
$2.1MNo plan disclosed
All 6 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed
Oct 2025: $1.1M no plan disclosedOctNov 2025: $26.3M no plan disclosedNovDec 2025: $2.1M no plan disclosedDecJanFebMar 2026: $91.9M under a disclosed plan$91.9MMarAprMayJunJulAugSep 2026: $10.3M no plan disclosedSepOct

Outside holders, reported separately

LGC Holdco, LLC, MURDOCH FAMILY TRUST and MFT SH Family Trust reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Fox Corporation CEO selling stock?

Yes. Lachlan Murdoch sold 1.28M shares ($75.7M, 1.5% of starting holdings) in the past 12 months, 86% of it under a trading plan disclosed in the filings.

Why are Fox Corporation insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 70% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 30% had no disclosed plan. A trading plan schedules sales in advance.

Are any Fox Corporation insiders buying?

Yes. 1 officer or director reported 2 purchases in the past 12 months (Form 4 code P, which includes private purchases).

How much of their stake did Fox Corporation insiders sell?

About 1.5% overall. As a group they ended with more shares than they started with. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold6 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Lachlan Murdoch
Executive Chair, CEO, Director
$75.7M
1.28M shares
1.5%86% under a disclosed plan
John Nallen
President, COO
$26.5M
459K shares
i
No percentage: holdings couldn't be fully reconciled.
Disclosed plan
Keith Murdoch
Chair, Director
$17.1M
269K shares
i
No percentage: most holdings were last confirmed in 2019.
No plan disclosed
Steven Tomsic
Chief Financial Officer
$9.2M
138K shares
39%†
i
† Most of the shares Steven Tomsic sold arrived during the period, so this is shares sold as a share of the 181K held at the start plus the 218K received, less 40K withheld by the company for taxes.
No plan disclosed
Adam Ciongoli
Chief Legal and Policy Officer
$2.1M
30K shares
28%†
i
† Most of the shares Adam Ciongoli sold arrived during the period, so this is shares sold as a share of the 66K held at the start plus the 77K received, less 36K withheld by the company for taxes.
No plan disclosed
Paul Ryan
Director
$1.1M
18K shares
100%No plan disclosed

Outside holder, reported separately: LGC Holdco, LLC (a 10% owner, not part of management). No open-market sales reported in the period. Holds 85.39M shares. Latest filing

Outside holder, reported separately: MURDOCH FAMILY TRUST (a 10% owner, not part of management). No open-market sales reported in the period. Latest filing

Outside holder, reported separately: MFT SH Family Trust (a 10% owner, not part of management). No open-market sales reported in the period. Latest filing

The full ownership picture10 of 11 insiders fully reconciled · 9 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Lachlan Murdoch
i
An owner entity could not be identified from the footnotes.
Executive Chair, CEO, Director
87.72M−1.28M87.87M+0.2%
Vesting, gifts, unvested awards and holding lines for Lachlan Murdoch
+1.25Mshares vested or exercised
0gifted (net of own trusts)
−143Kwithheld by the company for taxes
267K → 296Kunvested awards, start → end
  • An owner entity could not be identified from the footnotes.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock175,524152
LKM Family TrustClass A Common Stock1,076,4071,401,713
Unresolved (see footnote)Class A Common Stock1,076,4071,076,407
LGC Holdco, LLCClass A Common Stock19,00019,000
DirectClass B Common Stock1,9521,952
LGC Holdco, LLCClass B Common Stock85,372,81085,372,810

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
235,646$38.98Aug 12, 2034$7.0M
152,523$54.03Aug 8, 2035$2.2M
210,881$62.31Aug 11, 2036$1.3M

Estimate: options held × ($68.53 − strike price), using the most recent insider trade price on Form 4 (Sep 15, 2026), not a market close.

Keith Murdoch
!
Most of this insider's holdings were last confirmed in 2019. Confirmed in the last three years: 1,177,388 shares. Not confirmed since: 2,915,182 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Chair, Director
1.26M−269K1.18Msee note
Vesting, gifts, unvested awards and holding lines for Keith Murdoch
+205Kshares vested or exercised
0gifted (net of own trusts)
−19Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock47,01116,394
K. Rupert Murdoch 2004 Revocable TrustClass A Common Stock13,12160,132
K. Rupert Murdoch 2004 Revocable TrustClass B Common Stock1,200,8621,100,862

Additional holdings last reported Mar 19, 2019, not confirmed since: 2,915,182 shares. Not included in any total or percentage on this page.

John Nallen
!
Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +295,508 shares on Aug 15, 2026 (Trusts). See the filing Sales and other transactions for John Nallen are complete.
President, COO
n/a−459Kn/an/a
Vesting, gifts, unvested awards and holding lines for John Nallen
+597Kshares vested or exercised
0gifted (net of own trusts)
−66Kwithheld by the company for taxes
135K → 121Kunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +295,508 shares on Aug 15, 2026 (Trusts). The balances below are as reported, not verified totals.

Held throughShare classOct 8, 2025Oct 8, 2026
GRATClass A Common Stock150,000150,000
TrustClass A Common Stock120,92195,508
TrustsClass A Common Stock0295,508
DirectClass A Common Stock357,653254,913

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
107,112$38.98Aug 12, 2034$3.2M
90,127$54.03Aug 8, 2035$1.3M
68,536$62.31Aug 11, 2036$426K

Estimate: options held × ($68.53 − strike price), using the most recent insider trade price on Form 4 (Sep 15, 2026), not a market close.

Chase Carey
Director
245K0250Kno sales
Vesting, gifts, unvested awards and holding lines for Chase Carey
+5.1Kshares vested or exercised
0gifted (net of own trusts)
23K → 22Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock244,755249,857
Steven Tomsic
Chief Financial Officer
181K−138K220Knot meaningful
Vesting, gifts, unvested awards and holding lines for Steven Tomsic
+218Kshares vested or exercised
0gifted (net of own trusts)
−40Kwithheld by the company for taxes
73K → 68Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock180,556220,406

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
64,267$38.98Aug 12, 2034$1.9M
41,597$54.03Aug 8, 2035$603K
42,176$62.31Aug 11, 2036$262K

Estimate: options held × ($68.53 − strike price), using the most recent insider trade price on Form 4 (Sep 15, 2026), not a market close.

Adam Ciongoli
Chief Legal and Policy Officer
66K−30K77Knot meaningful
Vesting, gifts, unvested awards and holding lines for Adam Ciongoli
+77Kshares vested or exercised
0gifted (net of own trusts)
−36Kwithheld by the company for taxes
110K → 226Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock65,87577,173

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
109,970$34.84Aug 9, 2033$3.7M
64,267$38.98Aug 12, 2034$1.9M
41,597$54.03Aug 8, 2035$603K
31,632$62.31Aug 11, 2036$197K

Estimate: options held × ($68.53 − strike price), using the most recent insider trade price on Form 4 (Sep 15, 2026), not a market close.

Roland Hernandez
Director
21K026Kno sales
Vesting, gifts, unvested awards and holding lines for Roland Hernandez
+5.1Kshares vested or exercised
0gifted (net of own trusts)
23K → 22Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock17,76722,869
Hernandez Family TrustClass A Common Stock3,0003,000
Paul Ryan
Director
18K−18K5.1K29%
Vesting, gifts, unvested awards and holding lines for Paul Ryan
+5.1Kshares vested or exercised
0gifted (net of own trusts)
23K → 22Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock17,7675,102
William Burck
Director
007.3Kno sales
Vesting, gifts, unvested awards and holding lines for William Burck
+7.3Kshares vested or exercised
0gifted (net of own trusts)
26K → 78Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock07,337

10 of 11 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (10 exactly, 0 with a minor or footnoted difference). For 1 we show sales but not holdings; the ! icon on that row explains why. Percentages cover 4 of 11 officers and directors. Left out: Keith Murdoch (most holdings were last confirmed in 2019); John Nallen (holdings couldn't be fully reconciled); Steven Tomsic and Adam Ciongoli (most of their shares vested during the period, so a percentage would mislead); William Burck, Margaret Johnson and Anthony Abbott (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$132M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $132M across 2,191,622 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($39.8M), including tax-related sales outside a plan.

No plan disclosed · $39.8M

Sales with no 10b5-1 plan and no tax reference in the filing. $17.1M of it is Keith Murdoch. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Keith Murdoch, Nov 7, 2025

Taxes

303,853 shares ($20.8M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 1 buyer (2 trades)

1 officer or director bought shares in this period, in 2 trades(Form 4 code P). Across all their filings on record there are 18 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Lachlan Murdoch
Executive Chair, CEO, Director
1.28M$75.7M86%57%Mar 11, 2026 to Sep 15, 2026
John Nallen
President, COO
459K$26.5M100%20%Mar 11, 2026 to Mar 12, 2026
Keith Murdoch
Chair, Director
269K$17.1M0%13%Nov 7, 2025 to Nov 21, 2025
Steven Tomsic
Chief Financial Officer
138K$9.2M0%7%Nov 10, 2025 to Nov 10, 2025
Adam Ciongoli
Chief Legal and Policy Officer
30K$2.1M0%2%Dec 9, 2025 to Dec 9, 2025
Paul Ryan
Director
18K$1.1M0%0.9%Oct 31, 2025 to Oct 31, 2025

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$1.1M$0$0$1.1M
Nov 2025$26.3M$0$0$26.3M
Dec 2025$2.1M$0$0$2.1M
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$91.9M$91.9M$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$10.3M$0$0$10.3M
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 2.4x the 5-year average. 6 insiders sold; the average is 3 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 8, 2026
Latest 12 months
2.19M6$132M
Oct 8, 2025
1 year earlier
1.34M4$62.0M
Oct 8, 2024
2 years earlier
460K4$15.4M
Oct 9, 2023
3 years earlier
645K3$21.7M
Oct 9, 2022
4 years earlier
1.83M2$73.2M
Oct 9, 2021
5 years earlier
334K4$12.4M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty1 insider whose holdings couldn't be fully reconciled

John Nallen: holdings couldn't be fully reconciled (difference of 95,508 shares). Balance changed with no matching transaction and no footnote: +295,508 shares on Aug 15, 2026 (Trusts). Filing, Aug 15, 2026

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology384 filings from SEC EDGAR, and how we read them

All 384 Forms 3, 4 and 5 filed for Fox Corporation (SEC CIK 1754301) from Feb 5, 2019 to Oct 2, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (4)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Jacques NasserSep 28, 20239,166 shares, last reported balance as of May 29, 2020
Anne DiasSep 28, 2023No balance on record
Viet DinhAug 17, 202356,511 shares, last reported balance as of Aug 17, 2023
TWENTY-FIRST CENTURY FOX, INC.Mar 20, 2019No balance on record