Murdoch sells 1,127,756 shares for $65.4M across three days while buying 175,372 shares, reducing stake 43.2%
Lachlan Murdoch, Fox's Executive Chair and CEO, executed 10 separate sales totaling 1,127,756 shares for $65,396,694.99 between March 11–13, 2026, concurrently with a single purchase of 175,372 shares at $60.63 on March 13. The net result is a divestiture of 952,384 shares, reducing his post-transaction holdings to 1,251,779 shares (-43.2% vs. pre-transaction holdings of 2,204,163 shares). The sales occurred at prices ranging from $56.65 to $60.44 per share, while the current price stands at $52.03 (-23.2% from the 52-week high of $67.76 and down 6.2% over 30 days). At the same-ticker level, Murdoch's prior sell on 2023-08-15 was well-timed at the 90-day mark (stock fell 18.5% afterward), whereas his 2024-08-15 sell was poorly timed (stock rose 11.2% over 90 days). The magnitude of this stake reduction—nearly half of his holdings in a three-day window—alongside the current price being substantially below recent transaction prices, merits investor attention to underlying operational or strategic drivers.