Fox Corp Class B Common Stock Acquisition by Reporting Persons

This Schedule 13D filing reports the acquisition of beneficial ownership of Class B Common Stock of Fox Corporation by Cruden 2, LLC, LGC Holdco, LLC, Michael Roberson, and Lachlan K. Murdoch. The acquisitions occurred in two transactions: (i) the transfer of Class B Shares previously held by the Murdoch Family Trust to LGC Holdco on September 7, 2025, and (ii) LGC Holdco's purchase of Class B Shares in a privately negotiated transaction on September 10, 2025. The Reporting Persons initially acquired the Class B Shares for investment purposes and may take actions such as communicating with the board of directors, engaging advisors, and evaluating strategic alternatives. The filing also details the sources of funds for the transactions, including a collateralized loan agreement and contributions from members. The Reporting Persons collectively own approximately 36.2% of the outstanding Class B Shares.