Company: FOX
Filing Date: 2025-09-09
Form Type: 424B7
Source: 0001193125-25-199168
Chunk: 16

Company: Fox Corp
Filing Date: 2025-09-09
Form: 424B7
Chunk 16
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 Class B common stock owned by LGC Holdco; however, Lachlan K. Murdoch will disclaim the beneficial ownership of such shares. This ownership concentration of the Class B common stock by LGC Holdco and associated concentration of voting power could discourage third parties from making proposals involving an acquisition of the Company. Additionally, such ownership concentration increases the likelihood that proposals submitted for stockholder approval that are supported by LGC Holdco will be adopted and proposals that are not supported by LGC Holdco will not be adopted, whether or not such proposals to stockholders are also supported by the other holders of Class B common stock. LGC Holdco’s interests may be different from, or conflict with, the interests of our other stockholders and, as a result, this concentration of ownership may have the effect of delaying, preventing or deterring a change in control of the Company and may negatively affect the market price of our common stock, including our Class B common stock. The Board of Directors has authorized a $12.0 billion stock repurchase program for the Company’s Class A common stock and Class B common stock, which may increase the percentage of Class B common stock held by LGC Holdco. Nevertheless, under the terms of the New Stockholders Agreement (and consistent with the terms of the Previous Stockholders Agreement), the Company, the LGC Family Trusts and LGC Holdco have agreed not to take actions that would result in such stockholders owning, collectively with the Murdoch Individuals, more than 44% of the outstanding voting power of the shares of Class B common stock. The LGC Family Trusts and LGC Holdco agreed to forfeit votes to the extent necessary to ensure that the Murdoch Individuals, the LGC Family Trusts and LGC Holdco, collectively, do not own more than 44% of the outstanding voting power of the shares of Class B common stock, except where a Murdoch Individual votes his or her own shares differently from the others on any matter. S-8

USE OF PROCEEDS

We are not selling any shares in this offering, and we will not receive any of the proceeds from the sale of the shares in this offering. All
of the shares in this offering are being sold by the selling stockholders, and the selling stockholders will receive all of the net proceeds from this offering. See “Selling Stockholders.”

S-9

SELLING STOCKHOLDERS The following table sets forth information as of August 1, 2025, with respect to the beneficial