Company: FOX
Filing Date: 2025-09-08
Form Type: 424B7
Source: 0001193125-25-198368
Chunk: 8

Company: Fox Corp
Filing Date: 2025-09-08
Form: 424B7
Chunk 8
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 by 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. New Stockholders Agreement Prior to this offering, the Company and the MFT terminated the stockholders agreement, dated as of November 6, 2019, by and between the Company and the MFT (the “Previous Stockholders Agreement”), and immediately thereafter, the Company entered into a new stockholders agreement (the “New Stockholders Agreement”), dated as of September 8, 2025, with the LGC Family Trusts and LGC Holdco. The New Stockholders Agreement is substantially the same as the Previous Stockholders Agreement, including a limitation on the LGC Family Trusts and LGC Holdco from owning, collectively with K. Rupert Murdoch, Lachlan K. Murdoch, Grace Murdoch and Chloe Murdoch (collectively, the “Murdoch Individuals”), more than 44% of the outstanding voting power of the shares of our Class B common stock. In addition, the New Stock