Pitofsky David B

NEWS CORP General Counsel Pitofsky sold 43,635 shares at $29.73, reducing holdings -34.4%; stock now $34.57, up 6.9% in 90 days

David B Pitofsky, General Counsel, sold 43,635 shares of NEWS CORP on 2025-08-15 at $29.73, reducing his post-transaction holdings to 83,291 shares from 126,926 shares. The sale occurred at a price 14% below the current market price of $34.57, with the stock up 6.9% over the past 90 days. His prior sales of NWS stock on 2024-08-15 and 2023-08-15 (both in August, suggesting a possible pattern) were poorly timed relative to subsequent 90-day price action, with the stock rising 15.4% and 1.5% respectively after those sales. The timing of this August sale and the pattern of consistent August dispositions warrant observation, though the company's fundamentals show contraction: annual revenue declined 16.2% year-over-year, with the current P/E of 14.29 suggesting modest valuation relative to the market cap of $20,016,030,000.00.

General Counsel David B Pitofsky sold 42,040 shares of NWS at $27.47, reducing holdings by 33.5% to 83,291 shares.

Pitofsky sold 42,040 shares (42.0K shares) on 2024-08-15 at $27.47, representing a substantial reduction in his NWS position from 125,331 shares to 83,291 shares (a -33.5% net change). His prior sell at NWS on 2023-08-15 also occurred in mid-August at similar price levels, suggesting a potential recurring annual pattern rather than a discretionary market-timing decision. Across his cross-ticker track record, his prior sells have returned +1.5% on average over 90 days, and his same-ticker history shows no well-timed sells at the 90-day mark, indicating neither a strong pattern of prescient market exits nor clear evidence of concern. The General Counsel's significant position reduction in a stock trading near its 52-week high ($29.29) and current price of $28.45 merits attention as a substantial insider reduction, though the data does not establish this as a negative signal or convey underlying company concerns.