Sec Form 4 Filing - Liberty Media Corp @ Liberty Live Holdings, Inc. - 2025-12-15

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 Liberty Media Corp 2. Issuer Name and Ticker or Trading Symbol Liberty Live Holdings, Inc. [ LLYVK] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 12300 LIBERTY BOULEVARD 3. Date of Earliest Transaction (MM/DD/YY) 12/15/2025 (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 Common Stock 12/15/2025 J( 1 )( 2 ) V 1,000 D 0 D Series A Liberty Live Group Common Stock 12/15/2025 J( 1 )( 2 ) V 25,573,685 A 25,573,685 D Series B Liberty Live Group Common Stock 12/15/2025 J( 1 )( 2 ) V 2,530,951 A 2,530,951 D Series C Liberty Live Group Common Stock 12/15/2025 J( 1 )( 2 ) V 63,824,185 A 63,824,185 D Series A Liberty Live Group Common Stock 12/15/2025 J( 1 )( 2 ) 25,573,685 D 0 D Series B Liberty Live Group Common Stock 12/15/2025 J( 1 )( 2 ) 2,530,951 D 0 D Series C Liberty Live Group Common Stock 12/15/2025 J( 1 )( 2 ) 63,824,185 D 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Liberty Media Corp 12300 LIBERTY BOULEVARD ENGLEWOOD, CO80112 X Signatures Liberty Media Corporation By: /s/ Brittany A. Uthoff Title: Vice President and Assistant Secretary 12/15/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The transactions reported on this Form 4 relate to the split-off of the Issuer from the Reporting Person effective December 15, 2025. To effect the split-off, the issued and outstanding common stock of the Issuer, consisting of 1,000 shares of common stock, all of which were held by the Reporting Person, were reclassified into 25,573,685 shares of the Issuer's Series A Liberty Live Group common stock ("LLYVA"), 2,530,951 shares of the Issuer's Series B Liberty Live Group common stock ("LLYVB"), and 63,824,185 shares of the Issuer's Series C Liberty Live Group common stock ("LLYVK" and, together with LLYVA and LLYVB, the "Liberty Live Group Common Stock") (collectively, the "Reclassification"). ( 2 )Immediately following the Reclassification, the Reporting Person redeemed (i) each outstanding share of its Series A Liberty Live common stock for one share of LLYVA, (ii) each outstanding share of its Series B Liberty Live common stock for one share of LLYVB and (iii) each outstanding share of its Series C Liberty Live common stock for one share of LLYVK. As a result of the foregoing transactions, the Issuer was split-off from the Reporting Person and the Reporting Person ceased to have an equity interest in the Issuer and thus is no longer subject to the obligations of Section 16 of the Securities Exchange Act of 1934.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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