Fox Corp Ownership Transfer and Trust Establishment

On September 6, 2025, the Murdoch Family Trust (MFT) transferred approximately 50% of the Class A and Class B shares of Fox Corp to trusts established for the benefit of Prudence MacLeod, Elisabeth Murdoch, and James Murdoch, and their descendants. The remaining shares were transferred to trusts for Lachlan K. Murdoch, Grace Murdoch, and Chloe Murdoch. On September 7, 2025, these shares were contributed to LGC Holdco, LLC, managed by Cruden 2, LLC. The governance structure of LGC Holdco allows Cruden 2's managing director, currently Michael Roberson, to control the voting and disposition of these shares, although Roberson disclaims beneficial ownership. The filing reports the ownership of 9,502 Class A shares and 51,103,915 Class B shares by LGC Holdco.