Company: FOX
Filing Date: 2025-09-08
Form Type: 424B7
Source: 0001193125-25-198368
Chunk: 20

Company: Fox Corp
Filing Date: 2025-09-08
Form: 424B7
Chunk 20
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 LGC Holdco;                  |

| • |     | The decisions of Cruden 2 with respect to the voting and disposition of the shares of Class A common stock                                                                                                                                      
 and Class B common stock will be, subject to certain limited exceptions, decided throughout the term of the LGC Family Trusts solely by a managing director of Cruden 2, who is appointed, and may be replaced, by Lachlan K. Murdoch; and as a 
 result, Lachlan K. Murdoch may be deemed the beneficial owner of the shares of Class A common stock and Class B common stock owned by LGC Holdco; however, Lachlan K. Murdoch will disclaim the beneficial ownership of such shares; and        |

| • |     | The Departing Members will enter into a restrictive covenant agreement pursuant to which they and their                                                                                                                                        
 respective affiliates, among other things, (i) will be subject to customary standstill provisions with respect to FOX for a period of twelve (12) years from the date of the consummation of this offering, including a prohibition on         
 acquiring debt or equity securities of FOX for such period, subject to certain exceptions, and (ii) will agree to dispose of any shares of the Company’s common stock held by them outside of the Departing Member Trusts (which we understand 
 constitutes a de minimis number of shares) within six (6) months of the date of the consummation of this offering, subject to applicable securities laws.                                                                                      |

Following the consummation of the Transactions and this offering, K. Rupert Murdoch will remain our Chairman Emeritus. S-11

MATERIAL U.S. FEDERAL INCOME AND ESTATE TAX CONSIDERATIONS TO NON-U.S.HOLDERS OF OUR CLASS B COMMON STOCK The following discussion is a summary of material U.S. federal income and estate tax considerations generally applicable to Non-U.S.Holders (as defined herein) with respect to the ownership and disposition of shares of Class B common stock that are purchased in this offering and held as capital assets (generally, for investment). For purposes of this discussion, the term “Non-U.S.Holder” means a beneficial owner of shares of Class B common stock that is not for U.S. federal income tax purposes a partnership or any of the following:

| • |     | an individual who is a citizen or resident of the U.S.; |

| • |     | a corporation or other entity taxable as a corporation created in or organized under the laws of the