FOX Chief Legal Officer Ciongoli sells 29,897 shares ($2.1M) at $69.55; holdings reduced 45.4% to 36.0K shares
Adam G. Ciongoli, Chief Legal and Policy Officer, sold 29,897 shares of Fox Corp at $69.55 on 2025-12-09 for a total value of $2,079,336.35, reducing his holdings from 65,875 shares to 35,978 shares—a 45.4% reduction. The sale occurred at a price $7.35 above the current market price of $62.20, which sits at the 52-week high of $62.20, suggesting the transaction took place when the stock was trading higher than current levels. The company's recent financials show $3,738,000,000.00 in quarterly revenue and $609,000,000.00 net income, with annual revenue growth of +16.6%, indicating operational strength at the time of the sale. Without evidence of a 10b5-1 plan or other scheduled arrangement, the discretionary nature of this sale—reducing concentration substantially—represents a material reduction of personal exposure to the company.