Sec Form 4 Filing - ROMRELL LARRY E @ Liberty Media Corp - 2023-08-03

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ROMRELL LARRY E 2. Issuer Name and Ticker or Trading Symbol Liberty Media Corp [ LSXMA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 12300 LIBERTY BOULEVARD 3. Date of Earliest Transaction (MM/DD/YY) 08/03/2023 (Street) ENGLEWOOD, CO80112 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Series A Liberty Formula One Common Stock 08/03/2023 J( 1 ) V 5,004 A $ 0 ( 1 ) 5,004 D Series A Liberty Formula One Common Stock 08/03/2023 J( 1 ) V 5,004 D $ 0 ( 1 ) 0 D Series A Liberty Live Common Stock 08/03/2023 J( 1 ) V 5,163 A $ 0 ( 1 ) 5,163 D Series A Liberty SiriusXM Common Stock 08/03/2023 J( 1 ) V 19,799 A $ 0 ( 1 ) 19,799 D Series A Liberty SiriusXM Common Stock 08/03/2023 J( 1 ) V 19,799 D $ 0 ( 1 ) 0 D Series B Liberty Formula One Common Stock ( 2 ) 08/03/2023 J( 1 ) V 54 A $ 0 ( 1 ) 54 D Series B Liberty Formula One Common Stock ( 2 ) 08/03/2023 J( 1 ) V 54 D $ 0 ( 1 ) 0 D Series B Liberty Live Common Stock ( 3 ) 08/03/2023 J( 1 ) V 56 A $ 0 ( 1 ) 56 D Series B Liberty SiriusXM Common Stock ( 4 ) 08/03/2023 J( 1 ) V 218 A $ 0 ( 1 ) 218 D Series B Liberty SiriusXM Common Stock ( 4 ) 08/03/2023 J( 1 ) V 218 D $ 0 ( 1 ) 0 D Series C Liberty Formula One Common Stock 08/03/2023 J( 1 ) V 12,594 A $ 0 ( 1 ) 12,594 D Series C Liberty Formula One Common Stock 08/03/2023 J( 1 ) V 12,594 D $ 0 ( 1 ) 0 D Series C Liberty Live Common Stock 08/03/2023 J( 1 ) V 9,910 A $ 0 ( 1 ) 9,910 D Series C Liberty SiriusXM Common Stock 08/03/2023 J( 1 ) V 37,487 A $ 0 ( 1 ) 37,487 D Series C Liberty SiriusXM Common Stock 08/03/2023 J( 1 ) V 37,487 D $ 0 ( 1 ) 0 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Option (Right to Buy) - FWONK $ 29.92 ( 5 ) 08/08/2023 J( 5 ) V 3,885 ( 5 ) 12/06/2019 12/06/2025 Series C Liberty Formula One Common Stock 3,885 ( 5 ) $ 0 3,885 D Stock Option (Right to Buy) - FWONK $ 29.69 ( 5 ) 08/08/2023 J( 5 ) V 3,994 ( 5 ) 12/06/2019 12/06/2025 Series C Liberty Formula One Common Stock 3,994 ( 5 ) $ 0 0 D Stock Option (Right to Buy) - FWONK $ 60.73 ( 5 ) 08/08/2023 J( 5 ) V 2,425 ( 5 ) 12/06/2022 12/06/2028 Series C Liberty Formula One Common Stock 2,425 ( 5 ) $ 0 2,425 D Stock Option (Right to Buy) - FWONK $ 60.27 ( 5 ) 08/08/2023 J( 5 ) V 2,492 ( 5 ) 12/06/2022 12/06/2028 Series C Liberty Formula One Common Stock 2,492 ( 5 ) $ 0 0 D Stock Option (Right to Buy) - FWONK $ 58.69 ( 5 ) 08/08/2023 J( 5 ) V 2,562 ( 5 ) 12/08/2023 12/08/2029 Series C Liberty Formula One Common Stock 2,562 ( 5 ) $ 0 2,562 D Stock Option (Right to Buy) - FWONK $ 58.25 ( 5 ) 08/08/2023 J( 5 ) V 2,634 ( 5 ) 12/08/2023 12/08/2029 Series C Liberty Formula One Common Stock 2,634 ( 5 ) $ 0 0 D Stock Option (Right to Buy) - FWONK $ 43.84 ( 5 ) 08/08/2023 J( 5 ) V 3,824 ( 5 ) 12/09/2020 12/09/2026 Series C Liberty Formula One Common Stock 3,824 ( 5 ) $ 0 3,824 D Stock Option (Right to Buy) - FWONK $ 43.51 ( 5 ) 08/08/2023 J( 5 ) V 3,931 ( 5 ) 12/09/2020 12/09/2026 Series C Liberty Formula One Common Stock 3,931 ( 5 ) $ 0 0 D Stock Option (Right to Buy) - FWONK $ 42.1 ( 5 ) 08/08/2023 J( 5 ) V 3,379 ( 5 ) 12/10/2021 12/10/2027 Series C Liberty Formula One Common Stock 3,379 ( 5 ) $ 0 3,379 D Stock Option (Right to Buy) - FWONK $ 41.78 ( 5 ) 08/08/2023 J( 5 ) V 3,474 ( 5 ) 12/10/2021 12/10/2027 Series C Liberty Formula One Common Stock 3,474 ( 5 ) $ 0 0 D Stock Option (Right to Buy) - FWONK $ 29.85 ( 5 ) 08/08/2023 J( 5 ) V 2,627 ( 5 ) 12/12/2017 12/12/2023 Series C Liberty Formula One Common Stock 2,627 ( 5 ) $ 0 2,627 D Stock Option (Right to Buy) - FWONK $ 29.62 ( 5 ) 08/08/2023 J( 5 ) V 2,701 ( 5 ) 12/12/2017 12/12/2023 Series C Liberty Formula One Common Stock 2,701 ( 5 ) $ 0 0 D Stock Option (Right to Buy) - FWONK $ 34.99 ( 5 ) 08/08/2023 J( 5 ) V 4,101 ( 5 ) 12/12/2018 12/12/2024 Series C Liberty Formula One Common Stock 4,101 ( 5 ) $ 0 4,101 D Stock Option (Right to Buy) - FWONK $ 34.72 ( 5 ) 08/08/2023 J( 5 ) V 4,215 ( 5 ) 12/12/2018 12/12/2024 Series C Liberty Formula One Common Stock 4,215 ( 5 ) $ 0 0 D Stock Option (Right to Buy) - LLYVK $ 42.26 ( 5 ) 08/08/2023 J( 5 ) V 1,552 ( 5 ) 12/06/2019 12/06/2025 Series C Liberty Live Common Stock 1,552 ( 5 ) $ 0 1,552 D Stock Option (Right to Buy) - LLYVK $ 14.23 ( 5 ) 08/08/2023 J( 5 ) V 166 ( 5 ) 12/06/2019 12/06/2025 Series C Liberty Live Common Stock 166 ( 5 ) $ 0 166 D Stock Option (Right to Buy) - LLYVK $ 53.46 ( 5 ) 08/08/2023 J( 5 ) V 1,085 ( 5 ) 12/06/2022 12/06/2028 Series C Liberty Live Common Stock 1,085 ( 5 ) $ 0 1,085 D Stock Option (Right to Buy) - LLYVK $ 28.89 ( 5 ) 08/08/2023 J( 5 ) V 103 ( 5 ) 12/06/2022 12/06/2028 Series C Liberty Live Common Stock 103 ( 5 ) $ 0 103 D Stock Option (Right to Buy) - LLYVK $ 44.85 ( 5 ) 08/08/2023 J( 5 ) V 1,162 ( 5 ) 12/08/2023 12/08/2029 Series C Liberty Live Common Stock 1,162 ( 5 ) $ 0 1,162 D Stock Option (Right to Buy) - LLYVK $ 27.92 ( 5 ) 08/08/2023 J( 5 ) V 109 ( 5 ) 12/08/2023 12/08/2029 Series C Liberty Live Common Stock 109 ( 5 ) $ 0 109 D Stock Option (Right to Buy) - LLYVK $ 50.88 ( 5 ) 08/08/2023 J( 5 ) V 1,563 ( 5 ) 12/09/2020 12/09/2026 Series C Liberty Live Common Stock 1,563 ( 5 ) $ 0 1,563 D Stock Option (Right to Buy) - LLYVK $ 20.86 ( 5 ) 08/08/2023 J( 5 ) V 163 ( 5 ) 12/09/2020 12/09/2026 Series C Liberty Live Common Stock 163 ( 5 ) $ 0 163 D Stock Option (Right to Buy) - LLYVK $ 45.33 ( 5 ) 08/08/2023 J( 5 ) V 1,435 ( 5 ) 12/10/2021 12/10/2027 Series C Liberty Live Common Stock 1,435 ( 5 ) $ 0 1,435 D Stock Option (Right to Buy) - LLYVK $ 20.03 ( 5 ) 08/08/2023 J( 5 ) V 144 ( 5 ) 12/10/2021 12/10/2027 Series C Liberty Live Common Stock 144 ( 5 ) $ 0 144 D Stock Option (Right to Buy) - LLYVK $ 36.68 ( 5 ) 08/08/2023 J( 5 ) V 2,821 ( 5 ) 12/12/2017 12/12/2023 Series C Liberty Live Common Stock 2,821 ( 5 ) $ 0 2,821 D Stock Option (Right to Buy) - LLYVK $ 14.2 ( 5 ) 08/08/2023 J( 5 ) V 112 ( 5 ) 12/12/2017 12/12/2023 Series C Liberty Live Common Stock 112 ( 5 ) $ 0 112 D Stock Option (Right to Buy) - LLYVK $ 45.86 ( 5 ) 08/08/2023 J( 5 ) V 1,604 ( 5 ) 12/12/2018 12/12/2024 Series C Liberty Live Common Stock 1,604 ( 5 ) $ 0 1,604 D Stock Option (Right to Buy) - LLYVK $ 16.64 ( 5 ) 08/08/2023 J( 5 ) V 175 ( 5 ) 12/12/2018 12/12/2024 Series C Liberty Live Common Stock 175 ( 5 ) $ 0 175 D Stock Option (Right to Buy) - LSXMK $ 27.63 ( 5 ) 08/08/2023 J( 5 ) V 6,204 ( 5 ) 12/06/2019 12/06/2025 Series C Liberty SiriusXM Common Stock 6,204 ( 5 ) $ 0 6,204 D Stock Option (Right to Buy) - LSXMK $ 23.98 ( 5 ) 08/08/2023 J( 5 ) V 11,277 ( 5 ) 12/12/2017 12/12/2023 Series C Liberty SiriusXM Common Stock 11,277 ( 5 ) $ 0 11,277 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other ROMRELL LARRY E 12300 LIBERTY BOULEVARD ENGLEWOOD, CO80112 X Signatures /s/ Brittany A. Uthoff as Attorney-in-Fact for Larry E. Romrell 08/16/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On August 3, 2023, the Issuer effected a reclassification and exchange (the "Reclassification and Exchange"), pursuant to which: (i) each outstanding share of Liberty SiriusXM Common Stock was reclassified into and exchanged for one share of the corresponding series of new Liberty SiriusXM Common Stock and 0.2500 of a share of the corresponding series of new Liberty Live Common Stock, and (ii) each outstanding share of Liberty Formula One Common Stock was reclassified into and exchanged for one share of the corresponding series of new Liberty Formula One Common Stock and 0.0428 of a share of the corresponding series of new Liberty Live Common Stock. The Reclassification and Exchange was exempt pursuant to Rule 16b-7 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and such transactions were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Exchange Act ("Rule 16b-3"). ( 2 )Each share of Series B Liberty Formula One Common Stock is convertible, at the holder's election, into one share of Series A Liberty Formula One Common Stock, at any time for no consideration other than the surrender of the share of Series B Liberty Formula One Common Stock for each share of Series A Liberty Formula One Common Stock. ( 3 )Each share of Series B Liberty Live Common Stock is convertible, at the holder's election, into one share of Series A Liberty Live Common Stock, at any time for no consideration other than the surrender of the share of Series B Liberty Live Common Stock for each share of Series A Liberty Live Common Stock. ( 4 )Each share of Series B Liberty SiriusXM Common Stock is convertible, at the holder's election, into one share of Series A Liberty SiriusXM Common Stock, at any time for no consideration other than the surrender of the share of Series B Liberty SiriusXM Common Stock for each share of Series A Liberty SiriusXM Common Stock. ( 5 )In connection with the Reclassification and Exchange, each outstanding option award held by the reporting person with respect to the Issuer's Liberty SiriusXM Common Stock and/or with respect to the Issuer's Liberty Formula One Common Stock (together, the "original awards") was reclassified into and exchanged for a new option award with respect to shares of the corresponding series of new Liberty SiriusXM Common Stock or new Liberty Formula One Common Stock, as applicable (together, the "new awards"), and a new Liberty Live option award to purchase shares of the corresponding series of Liberty Live Common Stock. See remarks section for additional information regarding the new awards.

Remarks: The number of shares and the exercise price of each new award were determined on August 8, 2023, and such adjustments were designed to preserve the value associated with the original awards prior to the Reclassification and Exchange. Otherwise such new award remains subject to the terms and conditions of the corresponding original award. Such adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3.Multiple Forms Filed.,Multiple Forms Submitted

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