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FWONK Liberty Media Corp Insider Trading

Latest: Director Sold $9.0M of Shares · May 2026

Multiple insiders have been active at Liberty Media Corp (FWONK): 4 distinct insiders account for 0 buy filings and 11 sell filings as of Jun 2026. Its highest-significance filing in the last 90 days: Director Chase Carey sold $9.0M, transaction dated May 2026.

11 filings analyzed · Latest 2026-06-16

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Buys
0
Sells
11
Insiders
4
Direction
Net selling

Liberty Media Corp leadership

CEO
Derek Chang — Chief Executive Officer
CFO
Brian J. Wendling — Principal Financial Officer
Chair
Robert R. Bennett — Chairman of the Board

Historically, stocks have lagged the S&P 500 by a median ~3% over the 90 days after a medium insider sell (n ≈ 4,738, 2024-2026). Past results don't predict the future. How we measure this ↗

June 2026
2026-06-16
medium
Chief Legal/Admin Officer
11,597 shares
$1,044,774
@ $90.09
Significance 4

Liberty Media Chief Legal Officer Renee L Wilm sold 11,597 shares (11.6K) of FWONK at $90.09 for $1.0M on 2026-06-15

Renee L Wilm, Chief Legal and Administrative Officer, sold 11,597 shares at $90.09, reducing her holdings by -42.7% from 27,187 to 15,590 shares. At the time of sale, the stock was -18.0% from its 52-week high of $109.36. Reviewing her same-ticker history at FWONK specifically, 1 of 4 prior sells were well-timed at the 90-day mark, indicating mixed timing acuity at this ticker. The company's fundamentals show $711,000,000.00 in quarterly revenue and +22.7% annual revenue growth, though the P/E of 471.74 reflects a significantly elevated valuation relative to the $57,000,000.00 net income reported.

May 2026
2026-05-28
medium
100,000 shares
$9,028,151
@ $90.28
Significance 6

Director Chase Carey sold 100,000 shares at blended $90.28, retains 574,331 via options; 5 consecutive prior FWONK sales all well-timed 90-day.

Chase Carey executed 2 separate sales totaling 100,000 shares for $9,028,150.85 at a blended average price of $90.28. His non-derivative holdings decline from 194,356 to 94,356 shares post-transaction, but he retains 574,331 shares through outstanding stock options, maintaining material exposure to FWONK. This is his 5th consecutive transaction at this ticker within recent months, and notably, all 5 prior sales at FWONK proved well-timed at the 90-day mark, with declines ranging from -5.5% to -16.4%. His cross-ticker track record shows a 90% well-timed sell rate with average 90-day returns of -10.5%, indicating a measurable pattern of selling ahead of downturns. At the time of this filing, FWONK trades -16.7% from its 52-week high of $109.36, suggesting the company's stock has retreated considerably since his prior sales windows.

December 2025
2025-12-18
high
167,036 shares
$16,096,910
@ $96.37
Significance 7

FWONK Director Carey Chase sold 167,036 shares for $16.1M on Dec 16-17 at $96.37 avg, reducing stake by 63.9%

Carey Chase executed 4 separate sales totaling 167,036 shares for $16,096,909.80 over two trading days at an average price of $96.37, eliminating 63.9% of his pre-transaction holdings (from 261,392 to 94,356 shares). His prior trades at FWONK show consistent post-sale declines: the most recent November sells posted 30-day losses ranging from -8.5% to -10.5%, while his one measurable 90-day outcome (May 2025 sale) posted a -1.3% return. The company's fundamentals present challenges: annual revenue contracted -70.8% year-over-year, net income was $13.0M on $1.1B quarterly revenue, and the full fiscal year was unprofitable with a P/E of 505.68. The large liquidation of insider stock, combined with the director's historical pattern of selling before further declines at this ticker, warrants tracking to determine whether the post-sale price action reflects deteriorating business conditions.

November 2025
2025-11-14
high
81,006 shares
$8,334,322
@ $102.89
Significance 6

Carey Chase sells 81,006 shares (46.5% reduction) for $8,334,321.91 at FWONK; stock -8.8% from 52w high, company -70.8% YoY revenue, unprofitable FY.

Director Carey Chase executed 2 separate sales totaling 81,006 shares for $8,334,321.91, reducing holdings from 174,108 to 93,102 shares. The sales occurred at $103.29 and $102.50 on 2025-11-12, yet the stock currently trades at $98.81, down 4.6% over 30 days and 8.8% from its 52-week high of $108.33. The company context is material: annual revenue declined 70.8% year-over-year, the company was unprofitable over its most recent full fiscal year with only $13,000,000.00 in net income on $1,085,000,000.00 quarterly revenue, and the P/E ratio stands at 520.05. While Chase's cross-ticker track record shows a 50.00% well-timed sell rate with average 90-day returns of 0.1%, his same-ticker history at FWONK shows mixed outcomes (1 of 2 prior measurable sells were well-timed at the 90-day mark). This large, discretionary reduction of director holdings in a highly leveraged valuation context warrants investor scrutiny of the company's operational trajectory.

2025-11-12
medium
109,121 shares
$11,189,255
@ $102.54
Significance 5

Director Carey Chase sells 109,121 shares for $11,189,254.83, reducing holdings by 54.0%

Director Carey Chase executed 2 separate sales totaling 109,121 shares for $11,189,254.83 on 2025-11-10, reducing his holdings from 202,223 shares to 93,102 shares. The sales were priced at $103.12 and $102.48, near the 52-week high of $108.33. Fundametals show the company faces significant headwinds: revenue declined by -70.8% year-over-year, net income was negative over the most recent full fiscal year, and the P/E ratio is 534.79 (reflecting minimal earnings). At the same-ticker level, prior sells on 2025-05-13 and 2025-05-12 posted mixed 90-day outcomes (+1.5% and -1.3%), indicating an inconsistent pattern of sale timing at this specific company. The current price of $101.61 sits near the transaction prices, and broader context shows the insider's cross-ticker track record includes a 50% well-timed rate on prior sells with an average 90-day return of 0.1%, neither compelling as evidence of prescience nor concern.

2025-11-10
medium
Chief Legal/Admin Officer
11,200 shares
$1,029,164
@ $91.89
Significance 4

Chief Legal/Admin Officer sells 11,200 shares ($1.0M) in 2 transactions; reduces holdings 50.6%

Renee L. Wilm, Chief Legal and Administrative Officer at Liberty Media Corp (FWONK), executed two separate open-market sales on 2025-11-07, selling 4,676 shares at $102.42 and 6,524 shares at $84.34, for a combined $1,029,164.18 and a blended average price of $91.89. This represents a substantial 50.6% reduction in her holdings, from 22,125 shares to 10,925 shares post-transaction. At the same-ticker level, her prior two sells at FWONK (2025-05-09 and 2024-09-20) generated positive 90-day returns of 1.9% and 20.1% respectively—indicating she has not established a pattern of selling before declines at this ticker. The company's fundamentals remain strained: revenue declined 70.8% year-over-year, net income is negative on a full-year basis, and the P/E ratio stands at 536.11, reflecting minimal earnings on a large market cap. The current price of $101.86 places the stock 6.0% below its 52-week high and near the transaction prices, so near-term repricing has not yet materialized.

May 2025
2025-05-14
high
150,000 shares
$14,367,895
@ $95.79
Significance 7

Director Carey Chase sold 150,000 shares (61.7% of holdings) for $14,367,895 at FWONK amid -70.8% revenue collapse and P/E of 510

Director Carey Chase executed 2 separate sales totaling 150,000 shares for $14,367,895 on May 12–13, 2025, reducing his stake from 243,102 shares to 93,102 shares. This represents a -61.7% reduction in holdings at blended price of $95.79, occurring as Liberty Media's fundamentals deteriorated sharply: annual revenue declined -70.8% and the company posted negative full-year net income with a current P/E of 510 (driven by near-zero profitability). The scale of this reduction—liquidating roughly two-thirds of a director's position—stands in contrast to recent stock strength (30-day change: +23.5%) and occurs well above the 52-week low of $68.95, suggesting the execution took advantage of elevated valuations despite deteriorating underlying business performance.

2025-05-13
high
Chief Legal/Admin Officer
66,510 shares
$6,334,978
@ $95.25
Significance 6

CLO Wilm sold 66,510 shares (85.2% of holdings) at $95.25 on 2025-05-09 for $6.3M; stock now $96.48 after 30d +25.0% surge.

Wilm Renee L, Chief Legal/Admin Officer, executed a substantial reduction of Liberty Media Corp (FWONK) holdings, selling 66,510 shares—85.2% of pre-transaction holdings—on 2025-05-09 at $95.25, leaving 11,597 shares post-transaction. The sale proceeds totaled $6,334,977.74. Within roughly two weeks, the stock has appreciated to $96.48, gaining 25.0% over the 30-day window from the transaction date. Notably, the company reported -70.8% annual revenue growth in its latest full fiscal year and remains unprofitable with a P/E of 507.79, reflecting fundamental deterioration. At this ticker, Wilm's single prior sale (2024-09-20) also exhibited poor timing, with the stock up 20.1% at the 90-day mark—a pattern of selling before subsequent rallies. The timing and magnitude of this exit warrant investor attention given the company's challenged fundamentals and the insider's historical track record of selling ahead of appreciation.

December 2024
2024-12-18
medium
President, CEO
35,463 shares
$2,536,732
@ $71.53
Significance 4

Liberty Media CEO Gregory Maffei sold 35,463 shares for $2,536,732.38 in 2 transactions on 2024-12-16, leaving 1,107,734 shares held.

Gregory Maffei, President and CEO of Liberty Media Corp (FWONK), executed two separate sales totaling 35,463 shares for $2,536,732.38 at a blended average price of $71.53 on 2024-12-16. The sales reduced his holdings by 3.1% to 1,107,734 shares post-transaction. Notably, the transaction prices of $71.52 and $72.05 fall materially below the current price of $92.58, reflecting significant appreciation since the sale dates. The company's fundamentals present a mixed picture: it generated $911,000,000 in quarterly revenue with positive 3.0% annual growth, yet reported net income of $-2,368,000,000, resulting in an elevated P/E of 487.26. This is Maffei's 8th recorded open-market sale across all tickers, suggesting an ongoing pattern of equity reduction at the CEO level. No scheduled trading plan information is provided; the context does not indicate whether this transaction was discretionary or plan-driven.

September 2024
2024-09-23
high
Chief Legal/Admin Officer
19,202 shares
$1,512,734
@ $78.78
Significance 6

Liberty Media Chief Legal/Admin Officer sells all 19.2K FWONK shares at $78.78 for $1.5M

Wilm Renee L, the Chief Legal and Administrative Officer, liquidated her entire position of 19,202 shares in Liberty Media Corp at $78.78 per share on 2024-09-20, generating $1,512,733.56 in proceeds. The sale represents a 100.0% elimination of her reported holdings. At the current price of $77.12, the stock is trading -5.2% from its 52-week high of $81.36, placing the transaction near the upper end of recent valuation. The company shows fundamentals with $3.2B quarterly revenue and $457.0M net income, though the P/E ratio of 405.89 is notably elevated. The complete divestiture by a senior legal officer warrants tracking of any subsequent disclosures regarding organizational strategy, governance matters, or material agreements that might provide context for the timing of this exit.

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