---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-120020"
form_type: "8-K"
ticker: "FWONA"
cik: "0001560385"
company_name: "Liberty Media Corp"
filed_at: "2025-12-10T23:59:59+00:00"
generated_at: "2026-05-16T13:38:26.680430+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Liberty Media issues 47,297 FWONK shares to Malone Trust in voting cap compliance

## Summary
- JM Trust transferred 47,297 shares of FWONB to Liberty Media in exchange for equal number of FWONK shares.
- Reverse Exchange keeps Malone's voting power in Liberty Formula One at or below 49% per Exchange Agreement.
- FWONK shares issued without registration under Section 4(a)(2) of Securities Act.
- Company and Malone Group waived rights to rescind the Reverse Exchange.

## SEC filing metadata
- accession: 0001104659-25-120020
- form_type: 8-K
- ticker: FWONA
- cik: 0001560385
- company_name: Liberty Media Corp
- filed_at: 2025-12-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560385/000110465925120020/0001104659-25-120020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560385/000110465925120020/tm2521571d8_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-120020
- JSON: https://secwatch.observer/filing/0001104659-25-120020.json
- Plain text: https://secwatch.observer/filing/0001104659-25-120020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.