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Fox Corp — Major Shareholding Notification 2024
Mar 26, 2024
30188_mrq_2024-03-26_77196bfd-6bc0-4191-9211-9cf37277be52.zip
Major Shareholding Notification
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SC 13G 1 p24-1300sc13g.htm FOX CORPORATION
| SECURITIES AND EXCHANGE COMMISSION | |
|---|---|
| Washington, D.C. 20549 | |
| SCHEDULE 13G | |
| Under the Securities Exchange Act of 1934 | |
| (Amendment No. )* | |
| Fox Corporation | |
| (Name of Issuer) | |
| Class A Common Stock, | |
| par value $0.01 per share | |
| (Title of Class of Securities) | |
| 35137L105 | |
| (CUSIP Number) | |
| March 25, 2024 | |
| (Date of Event Which Requires Filing of this Statement) | |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: | |
| ¨ | Rule 13d-1(b) |
| ý | Rule 13d-1(c) |
| ¨ | Rule 13d-1(d) |
| (Page 1 of 7 Pages) |
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (" Act ") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. 35137L105 13G Page 2 of 7 Pages.
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| 1 | NAME OF REPORTING PERSON Point72 Asset Management, L.P. | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ¨ (b) x |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 |
| 6 | SHARED VOTING POWER 12,046,118 (including 2,370,000 shares of Class A Common Stock | |
| issuable upon exercise of options) | ||
| 7 | SOLE DISPOSITIVE POWER 0 | |
| 8 | SHARED DISPOSITIVE POWER 12,046,118 (including 2,370,000 shares of Class A Common Stock | |
| issuable upon exercise of options) | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,046,118 (including 2,370,000 shares of Class A Common Stock | |
| issuable upon exercise of options) | ||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% | |
| 12 | TYPE OF REPORTING PERSON PN |
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CUSIP No. 35137L105 13G Page 3 of 7 Pages.
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| 1 | NAME OF REPORTING PERSON Point72 Capital Advisors, Inc. | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ¨ (b) x |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 |
| 6 | SHARED VOTING POWER 12,046,118 (including 2,370,000 shares of Class A Common Stock | |
| issuable upon exercise of options) | ||
| 7 | SOLE DISPOSITIVE POWER 0 | |
| 8 | SHARED DISPOSITIVE POWER 12,046,118 (including 2,370,000 shares of Class A Common Stock | |
| issuable upon exercise of options) | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,046,118 (including 2,370,000 shares of Class A Common Stock | |
| issuable upon exercise of options) | ||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% | |
| 12 | TYPE OF REPORTING PERSON CO |
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CUSIP No. 35137L105 13G Page 4 of 7 Pages.
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| 1 | NAME OF REPORTING PERSON Steven A. Cohen | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ¨ (b) x |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 |
| 6 | SHARED VOTING POWER 12,046,118 (including 2,370,000 shares of Class A Common Stock | |
| issuable upon exercise of options) | ||
| 7 | SOLE DISPOSITIVE POWER 0 | |
| 8 | SHARED DISPOSITIVE POWER 12,046,118 (including 2,370,000 shares of Class A Common Stock | |
| issuable upon exercise of options) | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,046,118 (including 2,370,000 shares of Class A Common Stock | |
| issuable upon exercise of options) | ||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% | |
| 12 | TYPE OF REPORTING PERSON IN |
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CUSIP No. 35137L105 13G Page 5 of 7 Pages.
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| Item 1(a). |
|---|
| Fox Corporation (the “ Issuer ”). |
| Item 1(b). |
|---|
| 1211 Avenue of the Americas, New York, NY 10036. |
| Item 2(a). |
| --- |
| This statement is filed by:
(i) Point72 Asset Management, L.P. (“ Point72 Asset Management ”) with respect to shares of Class A common stock, par
value $0.01 per share (“ Class A Common Stock ”), of the Issuer held by (and underlying options held by) Point72 Associates,
LLC, an investment fund it manages (“ Point72 Associates ”); (ii) Point72 Capital Advisors, Inc. (“ Point72 Capital
Advisors Inc .”) with respect to Class A Common Stock held by (and underlying options held by) Point72 Associates; and (iii)
Steven A. Cohen (“ Mr. Cohen ”) with respect to Class A Common Stock beneficially owned by Point72 Asset Management and
Point72 Capital Advisors Inc. |
| Point72 Asset Management, Point72 Capital Advisors Inc., and Mr. Cohen have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 99.1 , pursuant to which they have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Act. |
| Item 2(b). |
|---|
| The address of the principal business office of Point72 Asset Management, Point72 Capital Advisors Inc., and Mr. Cohen is 72 Cummings Point Road, Stamford, CT 06902. |
| Item 2(c). |
|---|
| Point72 Asset Management is a Delaware limited partnership. Point72 Capital Advisors Inc. is a Delaware corporation. Mr. Cohen is a United States citizen. |
| Item 2(d). |
|---|
| Class A Common Stock, par value $0.01 per share |
| Item 2(e). |
|---|
| 35137L105 |
| Item 3. |
|---|
| Not applicable. |
| Item 4. |
|---|
| The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. Such information is as of the close of business on March 25, 2024. |
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CUSIP No. 35137L105 13G Page 6 of 7 Pages.
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Point72 Asset Management, Point72 Capital Advisors Inc., and Mr. Cohen own directly no Shares. Pursuant to an investment management agreement, Point72 Asset Management maintains investment and voting power with respect to the securities held by Point72 Associates. Point72 Capital Advisors Inc. is the general partner of Point72 Asset Management. Mr. Cohen controls each of Point72 Asset Management and Point72 Capital Advisors Inc. The filing of this statement should not be construed as an admission that any of the foregoing persons or any Reporting Person is, for the purposes of Section 13 of the Act, the beneficial owner of the Class A Common Stock reported herein.
| Item 5. |
|---|
| If this statement is being filed to report the fact that as of the date hereof the Reporting Person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ]. |
| Item 6. |
|---|
| Point72 Associates has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5 percent of the outstanding Class A Common Stock. |
| Item 7. |
|---|
| Not applicable. |
| Item 8. |
|---|
| Not applicable. |
| Item 9. |
|---|
| Not applicable. |
| Item 10. |
|---|
| By signing below each Reporting Person certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
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CUSIP No. 35137L105 13G Page 7 of 7 Pages.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
| Date: March 26, 2024 | |
|---|---|
| POINT72 ASSET MANAGEMENT, L.P. | |
| By: | /s/ Jason M. Colombo |
| Name: Jason M. Colombo | |
| Title: Authorized Person | |
| POINT72 CAPITAL ADVISORS, INC. | |
| By: | /s/ Jason M. Colombo |
| Name: Jason M. Colombo | |
| Title: Authorized Person | |
| STEVEN A. COHEN | |
| By: | /s/ Jason M. Colombo |
| Name: Jason M. Colombo | |
| Title: Authorized Person |