c/o Liberty Media Corporation, 12300 Liberty Boulevard, Englewood, CO 80112

The information contained in Item 3 of the Schedule 13D is hereby amended and supplemented to include the following information: Mr. Malone acquired beneficial ownership of the shares of Series A Common Stock reported on this Schedule 13D on November 4, 2026 in connection with the Transactions. The information set forth in Item 6 hereof is incorporated herein by reference.

The information contained in Item 4 of the Schedule 13D is hereby supplemented to include the following information: Mr. Malone holds and has acquired the shares of Series A Common Stock described herein for investment purposes. The information set forth in Item 6 of this Amendment and the exhibit listed in Item 7 of this Amendment are incorporated into this Item 4 by reference. Prior to the completion of the Transactions, the Reporting Person beneficially owned 9.7% of the outstanding shares of Series A Common Stock. As a result of the completion of the Transactions, the Reporting Person ceased to be the beneficial owner of more than five percent of the outstanding shares of Series A Common Stock.

Mr. Malone beneficially owns 855,770 shares of Series A Common Stock (including (A) 56,375 shares held by the LM Revocable Trust, with respect to which Mr. Malone and his wife are trustees and as to which shares Mr. Malone disclaims beneficial ownership, (B) 62,500 shares held by the Malone Family Land Preservation Foundation, as to which shares Mr. Malone disclaims beneficial ownership, (C) 673,398 shares held by the JM Revocable Trust, with respect to which Mr. Malone is trustee, (D) 7,066 shares held by the Trusts, over which Mr. Malone has a right of substitution, one of which is managed by an independent trustee and the other of which is managed by an independent trustee and one of Mr. Malone's adult children, and the beneficiaries of which are Mr. Malone's adult children and as to which shares Mr. Malone disclaims beneficial ownership and (E) 56,431 shares held by JCM Racing), which represent approximately 3.5% of the outstanding shares of Series A Common Stock, calculated based upon 24,605,658 shares of Series A Common Stock outstanding, consisting of the 23,991,058 shares outstanding as of July 31, 2026, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 6, 2026, plus 614,600 shares of Series A Common Stock issued in the Transactions.

Mr. Malone and, to his knowledge, the LM Revocable Trust, the Malone Family Land Preservation Foundation, the JM Revocable Trust and JCM Racing each have the sole power to vote and to dispose of, or to direct the voting or disposition of, their respective shares of Series A Common Stock. The Trusts hold 7,066 shares of Series A Common Stock as to which Mr. Malone has no pecuniary interest and disclaims beneficial ownership. To Mr. Malone's knowledge, the Trusts have the sole power to vote and to dispose of, or to direct the voting or disposition of, the shares of Series A Common Stock held by the Trusts, except that Mr. Malone is permitted under the terms of the Trusts to substitute assets in the Trusts and thereby may acquire any shares held in the Trusts at any time.

Other than as described herein, Mr. Malone has not effected any transactions in the Series A Common Stock during the past sixty days.

On November 4, 2026, the Reporting Person ceased to be the beneficial owner of more than five percent of the outstanding shares of Series A Common Stock.

Item 6 of the Schedule 13D is hereby amended and supplemented to read as follows: New Exchange Agreement On November 4, 2026 (the "Exchange Date"), the Issuer entered into an Exchange Agreement (the "Exchange Agreement"), by and among the Issuer, Mr. Malone and certain related entities (the "Malone Holders"). Pursuant to the Exchange Agreement, the Malone Holders transferred to the Issuer an aggregate of 2,316,537 shares of Series B Common Stock of the Issuer, par value $0.01 per share (the "Series B Common Stock"), and, in exchange therefor (the "Exchange"), the Issuer issued to the Malone Holders an aggregate of 602,302 shares of Series A Common Stock and 5,420,699 shares of Series C Common Stock of the Issuer, par value $0.01 per share (the "Series C Common Stock"). The shares of Series B Common Stock transferred to the Issuer in the Exchange were cancelled and retired. Immediately following the Exchange, the Issuer issued to the JM Revocable Trust an additional 12,298 shares of Series A Common Stock and 63,378 shares of Series C Common Stock (collectively, the "Adjustment Shares") with respect to the 47,297 shares of Series C Common Stock held by the JM Revocable Trust that were exchangeable into Series B Common Stock in certain circumstances under the Existing Exchange Agreement (as defined below). Those 47,297 shares of Series C Common Stock remain outstanding and were retained by the JM Revocable Trust. The Exchange and the issuance of the Adjustment Shares (together, the "Transactions") were completed concurrently with execution of the Exchange Agreement. As a result of the completion of the Transactions, the Reporting Person ceased to be the beneficial owner of more than five percent of the outstanding shares of Series A Common Stock and, following the Transactions, beneficially owns 855,770 shares of Series A Common Stock. The Exchange Agreement is included as Exhibit 7(a) to this Amendment. The foregoing description of the Exchange Agreement does not purport to be complete and is subject to, and is qualified in its entirety by, the Exchange Agreement which is incorporated herein by reference. Existing Exchange Agreement As previously disclosed, under the Exchange Agreement, dated as of July 28, 2021, by and among Mr. Malone, the JM Revocable Trust and the Issuer (the "Existing Exchange Agreement"), Mr. Malone agreed to an arrangement under which his aggregate voting power in the Issuer would not exceed 49% plus 0.5% (under certain circumstances), including through "Reverse Exchanges" of shares of Series B Common Stock for shares of Series C Common Stock. Pursuant to the Exchange Agreement, effective as of the closing of the Transactions, the Existing Exchange Agreement was terminated by mutual written consent, subject to and in accordance with the terms of the Exchange Agreement.

Item 7 of the Schedule 13D is hereby amended and supplemented to read as follows: 7(a) Exchange Agreement, dated as of November 4, 2026, by and among Liberty Media Corporation, John C. Malone and the persons named therein (incorporated by reference to Exhibit 10.1 to the Issuer's Current Report on Form 8-K filed on November 5, 2026).