Liberty Media Corporation
2.00%
491,170
1560385
Mar 29, 2026
Mar 31, 2026, 07:24 PM
Reporting Persons (1)
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| John C. Malone | Individual | 2.00% | 491,170 | 491,170 | 0 |
Disclosure Items (6)
Series A Liberty Formula One Common Stock, par value $0.01 per share
Liberty Media Corporation
12300 Liberty Boulevard, Englewood, CO, 80112
The reporting person is John C. Malone, whose business address is c/o Liberty Media Corporation, 12300 Liberty Boulevard, Englewood, CO 80112. Mr. Malone is the Chairman Emeritus of the Board of Directors of the Issuer.
The information contained in Item 3 of the Schedule 13D is hereby amended and supplemented to include the following information: On March 30, 2026, Mr. Malone wrote over-the-counter put options to a financial institution counterparty representing the obligation by the financial institution to sell to Mr. Malone an aggregate of 250,000 shares of Series A Liberty Formula One Common Stock at a strike price of $71.7531, which was determined pursuant to a formula based on the weighted average prices of the Series A Liberty Formula One Common Stock at which the financial institution established its initial hedge position in respect of the put options. The put options are European style and may be settled physically or in cash at the option of Mr. Malone. The put options expire in three approximately equal components on March 29, 2027, March 30, 2027 and March 31, 2027. Mr. Malone received a premium of approximately $1,284,000, in the aggregate, for writing the puts.
Mr. Malone beneficially owns 491,170 shares of Series A Liberty Formula One Common Stock (including (A) 25,444 shares held by a revocable trust (the "LM Revocable Trust") with respect to which Mr. Malone and his wife are trustees and as to which shares Mr. Malone disclaims beneficial ownership, (B) 62,500 shares of Series A Liberty Formula One Common Stock held by the Malone Family Land Preservation Foundation, as to which shares Mr. Malone disclaims beneficial ownership and (C) (i) 153,226 shares of Series A Liberty Formula One Common Stock and (ii) 250,000 shares of Series A Liberty Formula One Common Stock underlying over-the-counter put options sold by Mr. Malone, in each case held by a revocable trust (the "JM Revocable Trust") with respect to which Mr. Malone is trustee, which represent approximately 2.0% of the outstanding shares of Series A Liberty Formula One Common Stock, calculated based upon the 23,991,058 shares of Series A Liberty Formula One Common Stock outstanding as of March 23, 2026, as reported by the Issuer in its Definitive Proxy Statement on Schedule 14A, filed with the SEC on March 26, 2026. Each share of Series A Liberty Formula One Common Stock is entitled to one vote, and each share of the Issuer's Series B Liberty Formula One Common Stock, par value $0.01 per share, is entitled to ten votes. After giving effect to all of the voting equity securities of the Issuer owned by Mr. Malone, Mr. Malone may be deemed to beneficially own voting equity securities of the Issuer representing approximately 49.49% of the voting power with respect to a general election of directors of the Issuer.
Mr. Malone and, to his knowledge, the LM Revocable Trust, the Malone Family Land Preservation Foundation and the JM Revocable Trust each have the sole power to vote and to dispose of, or to direct the voting or disposition of, their respective shares of Series A Liberty Formula One Common Stock, except with respect to the shares of Series A Liberty Formula One Common Stock underlying over-the-counter puts held by the JM Revocable Trust, over which Mr. Malone has no power to vote or dispose of, or direct the voting or disposition of, the shares until such time as the puts are exercised.
Other than as described herein, Mr. Malone has not effected any transactions in the Series A Liberty Formula One Common Stock during the past sixty days.
The information contained in Item 6 of the Schedule 13D is hereby amended and supplemented to include the following information: The information set forth in Item 3 hereof is incorporated herein by reference.