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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

News Corporation’s Class A Common Stock and Class B Common Stock are listed and traded on The Nasdaq Global Select Market (“Nasdaq”), its principal market, under the symbols “NWSA” and “NWS,” respectively. CHESS Depositary Interests (“CDIs”) representing the Company’s Class A Common Stock and Class B Common Stock are listed and traded on the Australian Securities Exchange (“ASX”) under the symbols “NWSLV” and “NWS,” respectively. As of July 31, 2026, there were approximately 11,600 holders of record of shares of Class A Common Stock and 300 holders of record of shares of Class B Common Stock.

Dividends

For information regarding dividends, see Note 12—Stockholders’ Equity in the accompanying Consolidated Financial Statements.

Issuer Purchases of Equity Securities

On September 22, 2021, the Company announced a stock repurchase program authorizing the Company to purchase up to $1 billion in the aggregate of the Company’s outstanding Class A Common Stock and Class B Common Stock (the “2021 Repurchase Program”), which was completed during the fiscal year ended June 30, 2026. On July 15, 2025, the Company announced a new stock repurchase program authorizing the Company to purchase up to $1 billion in the aggregate of the Company’s outstanding Class A Common Stock and Class B Common Stock (the “2025 Repurchase Program” and, together with the 2021 Repurchase Program, the “Stock Repurchase Programs”), which was in addition to the remaining authorized amount under the 2021 Repurchase Program at that time.

The manner, timing, number and share price of any repurchases will be determined by the Company at its discretion and will depend upon such factors as the market price of the stock, general market conditions, applicable securities laws, alternative investment opportunities and other factors. As of June 30, 2026, there was no authorized amount remaining under the 2021 Repurchase Program, and the remaining authorized amount under the 2025 Repurchase Program was approximately $667 million. The 2025 Repurchase Program has no time limit and may be modified, suspended or discontinued at any time.

The following table summarizes the shares repurchased and subsequently retired under the Stock Repurchase Programs and the related consideration paid, excluding associated taxes, fees, commissions or other costs, during the fiscal years ended June 30, 2026, 2025 and 2024:

For the fiscal years ended June 30,
202620252024
SharesAmountSharesAmountSharesAmount
(in millions)
Class A Common Stock16.2$4233.5$973.4$79
Class B Common Stock7.52201.8531.638
Total23.7$6435.3$1505.0$117

The following table details the Company’s monthly share repurchases during the three months ended June 30, 2026:

Total Number of Shares Purchased**(a)**Average Price Paid Per Share**(b)**Total Number of Shares Purchased as Part of Publicly Announced ProgramDollar Value of Shares That May Yet Be Purchased Under Publicly Announced Program**(b)**
Class AClass BClass AClass B
(in millions, except per share amounts)
March 30, 2026 - April 26, 20261.50.7$25.24$29.002.2$792
April 27, 2026 - May 31, 20261.70.8$26.28$30.212.5$724
June 1, 2026 - June 28, 20261.40.8$26.05$29.612.2$667
Total4.62.3$25.87$29.616.9

(a)The Company has not made any repurchases of Common Stock other than in connection with the publicly announced 2025 Repurchase Program described above.

(b)Amounts exclude taxes, fees, commissions or other costs associated with the repurchases.

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