Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Fox Corporation’s Class A Common Stock, par value $0.01 per share (the “Class A Common Stock”), and Class B Common Stock, par value $0.01 per share (the “Class B Common Stock” and, together with the Class A Common Stock, the “Common Stock”), are listed and traded on The Nasdaq Global Select Market under the symbols “FOXA” and “FOX,” respectively. As of June 30, 2025, there were approximately 12,900 holders of record of shares of Class A Common Stock and approximately 2,700 holders of record of shares of Class B Common Stock.

We expect to continue to pay semi-annual dividends, although each dividend is subject to approval by the Company’s Board of Directors (See Note 11—Stockholders’ Equity to the accompanying Consolidated Financial Statements under the heading “Dividends”).

Below is a summary of the Company’s repurchases of its Class A Common Stock during fiscal 2025:

Total number of shares purchased**(a)**Average price paid per share**(b)**Approximate dollar value of shares that may yet be purchased under the program**(b)(c)**
(in millions)
First quarter fiscal 20256,376,797$39.22
Second quarter fiscal 20255,480,34845.62
Third quarter fiscal 20254,682,03753.38
April 1, 2025 - April 30, 2025997,15550.14
May 1, 2025 - May 31, 20252,351,08055.29
June 1, 2025 - June 30, 20251,281,95154.60
Total fiscal 202521,169,36847.24$400
(a)The Company has not made any purchases of Common Stock other than in connection with the publicly announced stock repurchase program described below.
(b)These amounts exclude any fees, commissions, excise taxes or other costs associated with the share repurchases.
(c)The Company’s Board of Directors has authorized a stock repurchase program, under which the Company can repurchase $7 billion of Common Stock. The program has no time limit and may be modified, suspended or discontinued at any time. Subsequent to June 30, 2025, the Company announced that the Board has authorized incremental stock repurchases of an additional $5 billion of Class A and Class B Common Stock. With this increase, the Company’s total stock repurchase authorization is now $12 billion.

In total, the Company repurchased approximately 21 million shares of Class A Common Stock for approximately $1 billion during fiscal 2025.

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