NEWS CORP — Director's Dealing 2025

Aug 19, 2025

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20 August 2025

For Announcement to the ASX

News Corporation (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) filed the attached Form 4 with the Securities and Exchange Commission on 19 August 2025. The attached copy was authorized for release to the ASX by the undersigned:

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Michael L. Bunder

Senior Vice President, Deputy General Counsel and Corporate Secretary

About News Corporation

News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: information services and news, digital real estate services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: http:// www.newscorp.com.

Contacts:

Investor Relations Corporate Communications Michael Florin Arthur Bochner 212-416-3363 646-422-9671 mflorin@newscorp.com abochner@newscorp.com Anthony Rudolf 212-416-3040 arudolf@newscorp.com

1211 Avenue of the Americas • New York, NY 10036 newscorp.com

SEC Form 4

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

OMB APPROVAL

OMB Number: 3235-0287 Estimated average burden hours per response: 0.5

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) See Instruction 10.

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1. Name and Address of Reporting Person [] 2. Issuer Name and Ticker or Trading Symbol 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
NEWS CORP [ NWS ]
Delany Julian Director 10% Owner
(Last) (First) (Middle) 3. Date of Earliest Transaction (Month/Day/Year) X Officer (give title below) Other (specify below)
08/15/2025
C/O NEWS CORPORATION Chief Technology Officer
1211 AVENUE OF THE AMERICAS 4. If Amendment, Date of Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line)
(Street) X Form filed by One Reporting Person
Form filed by More than One Reporting Person
NEW YORK NY 10036
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction 2A. Deemed 3. 4. Securities Acquired (A) or Disposed Of (D) 5. Amount of Securities 6. 7. Nature of Indirect
Date Execution Date, Transaction (Instr. 3, 4 and 5) Beneficially Owned Ownership Beneficial Ownership
(Month/Day/Year) if any Code Following Reported Form: (Instr. 4)
(Month/Day/Year) (Instr. 8) Transaction(s) Direct (D)
(Instr. 3 and 4) or Indirect
Code V Amount (A) or Price (I) (Instr. 4)
(D)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative 2. Conversi 3. Transaction 3A. Deemed 4. 5. Number of 6. Date 7. Title and Amount of 8. Price 9. Number 10. Owne 11. Nature
Security (Instr. 3) on or Date Execution Date, Transaction Derivative Exercisable and Securities Underlying of Deriva of rship of Indirect
Exercise (Month/Day/Year) if any Code Securities Expiration Date Derivative Security tive derivative Form: Beneficial
Price of (Month/Day/Year) (Instr. 8) Acquired (A) (Month/Day/Year) (Instr. 3 and 4) Security Securities Direct Ownership
Derivative or Disposed (Instr. 5) Beneficially (D) or (Instr. 4)
Security of (D) (Instr. 3 Owned Indirect (
, 4 and 5) Following I) (Instr.
Reported 4)
Amount Transaction
Date Ex Expira or (s) (Instr. 4)
ercisabl tion Number of
Code V (A) (D) e Date Title Shares
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Stock-Settled
8,556 Class A
Restricted Stock (1) 08/15/2025 A (3) (3) 8,556 $ 0.00 8,556 D
(2) Common Stock
Units
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Explanation of Responses:

1. Each stock-settled restricted stock unit is the economic equivalent of one share of News Corporation's Class A Common Stock.

2. The stock-settled restricted stock units were granted as part of the Reporting Person's fiscal 2026 long-term equity incentive award.

3. The stock-settled restricted stock units will vest in thirds on August 15, 2026, 2027 and 2028, subject to time-based vesting conditions.

Remarks:

/s/ Kenneth C. Mertz as Attorney-in08/19/2025 Fact for Julian Delany ** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

• If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.