FWONA

SEC source: 0001225208-20-008817 · doc4.xml · nonDerivative · entry 1

Wilm Renee L · CIK 0001789667 · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,551

F1 · price: Represents an award of restricted stock which will fully vest on June 17, 2020. In connection with the Issuer's recently completed rights offering to purchase shares of Series C Liberty SiriusXM common stock ("LSXMK"), holders of stock options relating to shares of Series A or Series C Liberty SiriusXM common stock received a grant of restricted shares of LSXMK to account for the impact on the value of common stock underlying these options. These grants of restricted shares were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

F1 · acquired: Represents an award of restricted stock which will fully vest on June 17, 2020. In connection with the Issuer's recently completed rights offering to purchase shares of Series C Liberty SiriusXM common stock ("LSXMK"), holders of stock options relating to shares of Series A or Series C Liberty SiriusXM common stock received a grant of restricted shares of LSXMK to account for the impact on the value of common stock underlying these options. These grants of restricted shares were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

SEC source: 0001225208-20-008815 · doc4.xml · derivative · entry 2

Wendling Brian J · CIK 0001663090 · CAO/PFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 96

Underlying: Series C Liberty SiriusXM Common Stock · 96 shares

Expires 2020-06-17

F2 · security: Represents an award of restricted stock units which will fully vest on June 17, 2020. In connection with the Issuer's recently completed rights offering to purchase shares of LSXMK, holders of restricted stock units relating to shares of Series A or Series C Liberty SiriusXM common stock received a grant of restricted stock units with respect to LSXMK to account for the impact on the value of the common stock underlying these restricted stock units. These grants of restricted stock units were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

F3 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Series C Liberty SiriusXM common stock.

SEC source: 0001225208-20-008815 · doc4.xml · nonDerivative · entry 1

Wendling Brian J · CIK 0001663090 · CAO/PFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,646

F1 · price: Represents an award of restricted stock which will fully vest on June 17, 2020. In connection with the Issuer's recently completed rights offering to purchase shares of Series C Liberty SiriusXM common stock ("LSXMK"), holders of stock options relating to shares of Series A or Series C Liberty SiriusXM common stock received a grant of restricted shares of LSXMK to account for the impact on the value of common stock underlying these options. These grants of restricted shares were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

F1 · acquired: Represents an award of restricted stock which will fully vest on June 17, 2020. In connection with the Issuer's recently completed rights offering to purchase shares of Series C Liberty SiriusXM common stock ("LSXMK"), holders of stock options relating to shares of Series A or Series C Liberty SiriusXM common stock received a grant of restricted shares of LSXMK to account for the impact on the value of common stock underlying these options. These grants of restricted shares were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

SEC source: 0001567619-20-011890 · doc1.xml · nonDerivative · entry 1

Ancient Art, L.P. · CIK 0001426749 · 10% owner

LEE QUINCY J · CIK 0001119365 · 10% owner

Trango II, L.L.C. · CIK 0001502493 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 2,536,124

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.62 to $36.20, inclusive. The reporting persons undertake to provide to Liberty Media Corporation (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2 · balance_after: The filing of this Form 4 shall not be construed as an admission that Ancient Art, L.P. ("Ancient Art"), Trango II, L.L.C. (Trango"), the general partner of Ancient Art, and Quincy J. Lee, the principal of Trango, is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the Series A Liberty Formula One Common Stock, par value $0.01 per share (the "Common Stock"), of the Issuer purchased by Teton Capital Partners, L.P. (the "Fund"). Pursuant to Rule 16a-1, Ancient Art, Trango and Mr. Lee disclaim such beneficial ownership except to the extent of its or his respective pecuniary interest therein.

F3 · ownership.nature: The Fund, for which Ancient Art is the investment manager, holds the shares of Common Stock of the Issuer. Trango is the general partner of Ancient Art. Quincy J. Lee reports the Common Stock held indirectly by Ancient Art and Trango because, as the principal of Trango at the time of purchase, he controlled the disposition and voting of the securities.

SEC source: 0001209191-20-035272 · doc4.xml · derivative · entry 8

WESCHLER, R. TED · CIK 0001130334 · Member of 10% owner group

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 2,333 shares

Expires 2020-06-05

F6 · derivative.exercise_price: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right entitled the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right entitled the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription privilege, each rightsholder that exercised its basic subscription privilege had the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock

F7 · derivative.exercise_price: Continued from footnote 6: which were not purchased by other rightsholders under their basic subscription privilege.

F8 · derivative.exercise_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expired on June 5, 2020.

F8 · derivative.expiration_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expired on June 5, 2020.

F6 · derivative.underlying: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right entitled the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right entitled the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription privilege, each rightsholder that exercised its basic subscription privilege had the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock

F7 · derivative.underlying: Continued from footnote 6: which were not purchased by other rightsholders under their basic subscription privilege.

F12 · ownership.nature: The reporting person had or shared trading authority over these Series C Liberty SiriusXM Rights.

F13 · ownership.nature: The reporting person may have been deemed to beneficially own, but only to the extent he had a pecuniary interest in, these rights. The reporting person disclaims beneficial ownership of these rights (and the underlying Series C Shares) except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person was previously the beneficial owner of these rights (or the underlying Series C Shares) for purposes of Section 16 of the Exchange Act, or for any other purpose.

F14 · ownership.nature: These Series C Liberty SiriusXM Rights were owned, prior to exercise, by the Rita E. and Frank J. Weschler Educational Trust, of which the reporting person's daughters are beneficiaries.

SEC source: 0001209191-20-035272 · doc4.xml · derivative · entry 7

WESCHLER, R. TED · CIK 0001130334 · Member of 10% owner group

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 4,170 shares

Expires 2020-06-05

F6 · derivative.exercise_price: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right entitled the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right entitled the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription privilege, each rightsholder that exercised its basic subscription privilege had the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock

F7 · derivative.exercise_price: Continued from footnote 6: which were not purchased by other rightsholders under their basic subscription privilege.

F8 · derivative.exercise_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expired on June 5, 2020.

F8 · derivative.expiration_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expired on June 5, 2020.

F6 · derivative.underlying: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right entitled the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right entitled the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription privilege, each rightsholder that exercised its basic subscription privilege had the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock

F7 · derivative.underlying: Continued from footnote 6: which were not purchased by other rightsholders under their basic subscription privilege.

F11 · ownership.nature: These Series C Liberty SiriusXM Rights were owned, prior to exercise, by a daughter of the reporting person.

F12 · ownership.nature: The reporting person had or shared trading authority over these Series C Liberty SiriusXM Rights.

F13 · ownership.nature: The reporting person may have been deemed to beneficially own, but only to the extent he had a pecuniary interest in, these rights. The reporting person disclaims beneficial ownership of these rights (and the underlying Series C Shares) except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person was previously the beneficial owner of these rights (or the underlying Series C Shares) for purposes of Section 16 of the Exchange Act, or for any other purpose.

SEC source: 0001209191-20-035272 · doc4.xml · derivative · entry 6

WESCHLER, R. TED · CIK 0001130334 · Member of 10% owner group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 76,354 shares

Expires 2020-06-05

F6 · derivative.exercise_price: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right entitled the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right entitled the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription privilege, each rightsholder that exercised its basic subscription privilege had the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock

F7 · derivative.exercise_price: Continued from footnote 6: which were not purchased by other rightsholders under their basic subscription privilege.

F8 · derivative.exercise_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expired on June 5, 2020.

F8 · derivative.expiration_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expired on June 5, 2020.

F6 · derivative.underlying: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right entitled the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right entitled the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription privilege, each rightsholder that exercised its basic subscription privilege had the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock

F7 · derivative.underlying: Continued from footnote 6: which were not purchased by other rightsholders under their basic subscription privilege.

SEC source: 0001209191-20-035272 · doc4.xml · derivative · entry 5

WESCHLER, R. TED · CIK 0001130334 · Member of 10% owner group

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 7,175,955 shares

Expires 2020-06-05

F6 · derivative.exercise_price: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right entitled the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right entitled the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription privilege, each rightsholder that exercised its basic subscription privilege had the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock

F7 · derivative.exercise_price: Continued from footnote 6: which were not purchased by other rightsholders under their basic subscription privilege.

F8 · derivative.exercise_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expired on June 5, 2020.

F8 · derivative.expiration_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expired on June 5, 2020.

F6 · derivative.underlying: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right entitled the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right entitled the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription privilege, each rightsholder that exercised its basic subscription privilege had the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock

F7 · derivative.underlying: Continued from footnote 6: which were not purchased by other rightsholders under their basic subscription privilege.

F9 · ownership.nature: These Series C Liberty SiriusXM Rights were owned, prior to exercise on June 5, 2020, by certain subsidiaries and subsidiary benefit plans of Berkshire. As a result of an agreement entered into on May 24, 2013 between Berkshire and the reporting person with respect to the reporting person's holdings of, and future transactions in, shares of Series C Liberty SiriusXM Common Stock, Berkshire and the reporting person have agreed to file as a "group" under Section 13 of the Exchange Act. The reporting person disclaims beneficial ownership of any Series C Liberty SiriusXM Rights (and the underlying Series C Shares) owned by Berkshire, Berkshire's subsidiaries and its subsidiary pension plans. This report shall not be deemed an admission that the reporting person was previously the beneficial owner of any Series C Liberty SiriusXM Rights (or the underlying Series C Shares)

F10 · ownership.nature: Continued from footnote 9: that were not directly owned by the reporting person for purposes of Section 16 of the Exchange Act, or for any other purpose.

SEC source: 0001209191-20-035272 · doc4.xml · nonDerivative · entry 4

WESCHLER, R. TED · CIK 0001130334 · Member of 10% owner group

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 18,887

F3 · ownership.nature: The reporting person has or shares trading authority over these shares.

F4 · ownership.nature: The reporting person may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, these shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 of the Exchange Act, or for any other purpose.

F5 · ownership.nature: These shares are owned by the Rita E. and Frank J. Weschler Educational Trust, of which the reporting person's daughters are beneficiaries.

SEC source: 0001209191-20-035272 · doc4.xml · nonDerivative · entry 3

WESCHLER, R. TED · CIK 0001130334 · Member of 10% owner group

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 33,770

F2 · ownership.nature: These shares are owned by a daughter of the reporting person.

F3 · ownership.nature: The reporting person has or shares trading authority over these shares.

F4 · ownership.nature: The reporting person may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, these shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 of the Exchange Act, or for any other purpose.

SEC source: 0001209191-20-035272 · doc4.xml · nonDerivative · entry 2

WESCHLER, R. TED · CIK 0001130334 · Member of 10% owner group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 618,422

SEC source: 0001209191-20-035272 · doc4.xml · nonDerivative · entry 1

WESCHLER, R. TED · CIK 0001130334 · Member of 10% owner group

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 42,868,070

F1 · ownership.nature: These shares were acquired by certain subsidiaries and subsidiary benefit plans of Berkshire. As a result of an agreement entered into on May 24, 2013 between Berkshire and the reporting person with respect to the reporting person's holdings of, and future transactions in, shares of Series C Liberty SiriusXM Common Stock ("Series C Shares"), Berkshire and the reporting person have agreed to file as a "group" under Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The reporting person disclaims beneficial ownership of Series C Shares owned by Berkshire, Berkshire's subsidiaries and its subsidiary pension plans. This report shall not be deemed an admission that the reporting person is the beneficial owner of any Series C Shares that are not directly owned by the reporting person for purposes of Section 16 of the Exchange Act, or for any other purpose.

SEC source: 0001209191-20-035265 · doc4.xml · derivative · entry 2

BERKSHIRE HATHAWAY INC · CIK 0001067983 · 10% owner

BUFFETT WARREN E · CIK 0000315090 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 7,175,955 shares

Expires 2020-06-05

F3 · derivative.exercise_price: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right entitled the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right entitled the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription privilege, each rightsholder that exercised its basic subscription privilege had the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock

F4 · derivative.exercise_price: Continued from footnote 3: which were not purchased by other rightsholders under their basic subscription privilege.

F5 · derivative.exercise_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expired on June 5, 2020.

F5 · derivative.expiration_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expired on June 5, 2020.

F3 · derivative.underlying: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right entitled the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right entitled the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription privilege, each rightsholder that exercised its basic subscription privilege had the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock

F6 · ownership.nature: 3,720,748 of the total reported Series C Liberty SiriusXM Rights were owned as of June 5, 2020, prior to exercise, by the following subsidiaries of Berkshire: Government Employees Insurance Company (1,922,990), GEICO Advantage Insurance Company (83,806), GEICO Indemnity Company (542,750), National Fire & Marine Insurance Company (135,409), and National Indemnity Company (1,035,793). As Berkshire is in the chain of ownership of each of these subsidiaries, it may have been deemed to both beneficially own and have a pecuniary interest in all such rights previously owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may have been deemed to beneficially own, but only to the extent he had a pecuniary interest in, such rights previously owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported rights except to the extent of his pecuniary interest therein.

F7 · ownership.nature: 3,455,207 of the total reported Series C Liberty SiriusXM Rights were owned as of June 5, 2020, prior to exercise, by the following pension plans of Berkshire's subsidiaries: Berkshire Hathaway Consolidated Pension Plan (2,817,180), BNSF Master Retirement Trust (325,000), and Precision Castparts Corp. Master Trust (313,027). Each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such rights.

SEC source: 0001209191-20-035265 · doc4.xml · nonDerivative · entry 1

BERKSHIRE HATHAWAY INC · CIK 0001067983 · 10% owner

BUFFETT WARREN E · CIK 0000315090 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 42,868,070

F1 · ownership.nature: 28,253,566 of the total reported shares of Series C Liberty SiriusXM Common Stock are owned as of June 9, 2020 by the following subsidiaries of Berkshire: Government Employees Insurance Company (16,843,250), GEICO Advantage Insurance Company (713,806), GEICO Indemnity Company (4,352,400), National Fire & Marine Insurance Company (644,063), and National Indemnity Company (5,700,047). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed presently to both beneficially own and have a pecuniary interest in all such shares presently owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, such shares presently owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F2 · ownership.nature: 14,614,504 of the total reported shares of Series C Liberty SiriusXM Common Stock are owned as of June 9, 2020 by the following pension plans of Berkshire's subsidiaries: Berkshire Hathaway Consolidated Pension Plan (9,131,405), BNSF Master Retirement Trust (2,998,750), Precision Castparts Corp. Master Trust (2,184,349), Acme Brick Pension Trust (100,000), and Scott Fetzer Collective Investment Trust (200,000). Each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such shares.

SEC source: 0001225208-20-008712 · doc4.xml · derivative · entry 4

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Hilltop Investments III, LLC

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 40,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · security: The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

F3 · derivative.exercise_date: The rights offering commenced on May 18, 2020.

F4 · derivative.expiration_date: The rights offering will expire at 5:00 p.m., New York City time, on June 5, 2020 unless extended by the Issuer.

SEC source: 0001225208-20-008712 · doc4.xml · nonDerivative · entry 1

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Hilltop Investments III, LLC

Disclosed balance after: 1,522,231

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: On December 20, 2019, the reporting person transferred 1,738 shares to Hilltop Investments III, LLC, which is wholly owned by the reporting person and his spouse.

SEC source: 0001567619-20-011797 · doc1.xml · nonDerivative · entry 1

Ancient Art, L.P. · CIK 0001426749 · 10% owner

LEE QUINCY J · CIK 0001119365 · 10% owner

Trango II, L.L.C. · CIK 0001502493 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 2,586,124

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.69 to $35.71, inclusive. The reporting persons undertake to provide to Liberty Media Corporation (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2 · balance_after: The filing of this Form 4 shall not be construed as an admission that Ancient Art, L.P. ("Ancient Art"), Trango II, L.L.C. (Trango"), the general partner of Ancient Art, and Quincy J. Lee, the principal of Trango, is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the Series A Liberty Formula One Common Stock, par value $0.01 per share (the "Common Stock"), of the Issuer purchased by Teton Capital Partners, L.P. (the "Fund"). Pursuant to Rule 16a-1, Ancient Art, Trango and Mr. Lee disclaim such beneficial ownership except to the extent of its or his respective pecuniary interest therein.

F3 · ownership.nature: The Fund, for which Ancient Art is the investment manager, holds 2,586,124 shares of Common Stock of the Issuer. Trango is the general partner of Ancient Art. Quincy J. Lee reports the Common Stock held indirectly by Ancient Art and Trango because, as the principal of Trango at the time of purchase, he controlled the disposition and voting of the securities.

SEC source: 0001225208-20-008646 · doc4.xml · derivative · entry 5

MAFFEI GREGORY B · CIK 0001099636 · Director · President, CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · Maven 2017 - 2 GRAT

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 98,146 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · security: The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

F4 · derivative.exercise_date: The rights offering commenced on May 18, 2020.

F5 · derivative.expiration_date: The rights offering will expire at 5:00 p.m., New York City time, on June 5, 2020 unless extended by the Issuer.

F1 · ownership.nature: The reporting person is the sole trustee of the grantor retained annuity trust, for the benefit of himself, his spouse and his children.

SEC source: 0001225208-20-008646 · doc4.xml · derivative · entry 4

MAFFEI GREGORY B · CIK 0001099636 · Director · President, CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 332,118 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · security: The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

F4 · derivative.exercise_date: The rights offering commenced on May 18, 2020.

F5 · derivative.expiration_date: The rights offering will expire at 5:00 p.m., New York City time, on June 5, 2020 unless extended by the Issuer.

SEC source: 0001225208-20-008646 · doc4.xml · nonDerivative · entry 2

MAFFEI GREGORY B · CIK 0001099636 · Director · President, CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · Maven 2017 - 2 GRAT

Disclosed balance after: 383,378

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · ownership.nature: The reporting person is the sole trustee of the grantor retained annuity trust, for the benefit of himself, his spouse and his children.

SEC source: 0001225208-20-008646 · doc4.xml · nonDerivative · entry 1

MAFFEI GREGORY B · CIK 0001099636 · Director · President, CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,085,413

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001225208-20-008492 · doc4.xml · derivative · entry 4

DEEVY BRIAN · CIK 0001442360 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 13 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

F2 · derivative.exercise_date: The rights offering commenced on May 18, 2020.

F3 · derivative.expiration_date: The rights offering will expire at 5:00 p.m., New York City time, on June 5, 2020 unless extended by the Issuer.

SEC source: 0001225208-20-008492 · doc4.xml · nonDerivative · entry 2

DEEVY BRIAN · CIK 0001442360 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,720

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-20-034159 · doc4.xml · nonDerivative · entry 1

WESCHLER, R. TED · CIK 0001130334 · Member of 10% owner group

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 35,692,115

F1 · ownership.nature: These shares were acquired by certain subsidiaries and subsidiary benefit plans of Berkshire. As a result of an agreement entered into on May 24, 2013 between Berkshire and the reporting person with respect to the reporting person's holdings of, and future transactions in, shares of Series C Liberty SiriusXM Common Stock ("Series C Shares"), Berkshire and the reporting person have agreed to file as a "group" under Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The reporting person disclaims beneficial ownership of Series C Shares owned by Berkshire, Berkshire's subsidiaries and its subsidiary pension plans. This report shall not be deemed an admission that the reporting person is the beneficial owner of any Series C Shares that are not directly owned by the reporting person for purposes of Section 16 of the Exchange Act, or for any other purpose.

SEC source: 0001225208-20-008578 · doc4.xml · derivative · entry 2

Wilm Renee L · CIK 0001789667 · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 101 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

F2 · derivative.exercise_date: The rights offering commenced on May 18, 2020.

F3 · derivative.expiration_date: The rights offering will expire at 5:00 p.m., New York City time, on June 5, 2020 unless extended by the Issuer.

SEC source: 0001225208-20-008578 · doc4.xml · nonDerivative · entry 1

Wilm Renee L · CIK 0001789667 · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,174

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001225208-20-008491 · doc4.xml · derivative · entry 12

MALONE JOHN C · CIK 0000937797 · Director · Chairman of the Board · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · John C. Malone June 2003 Charitable Remainder Unitrust

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 250,974 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · security: The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

F4 · derivative.exercise_date: The rights offering commenced on May 18, 2020.

F5 · derivative.expiration_date: The rights offering will expire at 5:00 p.m., New York City time, on June 5, 2020 unless extended by the Issuer.

SEC source: 0001225208-20-008491 · doc4.xml · derivative · entry 11

MALONE JOHN C · CIK 0000937797 · Director · Chairman of the Board · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · John C. Malone 1997 Charitable Remainder Unitrust

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 575,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · security: The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

F4 · derivative.exercise_date: The rights offering commenced on May 18, 2020.

F5 · derivative.expiration_date: The rights offering will expire at 5:00 p.m., New York City time, on June 5, 2020 unless extended by the Issuer.

SEC source: 0001225208-20-008491 · doc4.xml · derivative · entry 10

MALONE JOHN C · CIK 0000937797 · Director · Chairman of the Board · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Spouse

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 78,016 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · security: The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

F4 · derivative.exercise_date: The rights offering commenced on May 18, 2020.

F5 · derivative.expiration_date: The rights offering will expire at 5:00 p.m., New York City time, on June 5, 2020 unless extended by the Issuer.

F1 · ownership.nature: The reporting person disclaims beneficial ownership of these shares owned by his spouse.

SEC source: 0001225208-20-008491 · doc4.xml · derivative · entry 9

MALONE JOHN C · CIK 0000937797 · Director · Chairman of the Board · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 701,579 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · security: The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

F4 · derivative.exercise_date: The rights offering commenced on May 18, 2020.

F5 · derivative.expiration_date: The rights offering will expire at 5:00 p.m., New York City time, on June 5, 2020 unless extended by the Issuer.

SEC source: 0001225208-20-008491 · doc4.xml · nonDerivative · entry 5

MALONE JOHN C · CIK 0000937797 · Director · Chairman of the Board · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · John C. Malone June 2003 Charitable Remainder Unitrust

Disclosed balance after: 839,890

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001225208-20-008491 · doc4.xml · nonDerivative · entry 4

MALONE JOHN C · CIK 0000937797 · Director · Chairman of the Board · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · John C. Malone 1997 Charitable Remainder Unitrust

Disclosed balance after: 575,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001225208-20-008491 · doc4.xml · nonDerivative · entry 3

MALONE JOHN C · CIK 0000937797 · Director · Chairman of the Board · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Spouse

Disclosed balance after: 828,723

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · ownership.nature: The reporting person disclaims beneficial ownership of these shares owned by his spouse.

SEC source: 0001225208-20-008491 · doc4.xml · nonDerivative · entry 2

MALONE JOHN C · CIK 0000937797 · Director · Chairman of the Board · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,861,901

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-20-034157 · doc4.xml · nonDerivative · entry 1

BERKSHIRE HATHAWAY INC · CIK 0001067983 · 10% owner

BUFFETT WARREN E · CIK 0000315090 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 35,692,115

F1 · ownership.nature: 24,532,818 of the total reported shares of Series C Liberty SiriusXM Common Stock are owned as of June 3, 2020 by the following subsidiaries of Berkshire: Government Employees Insurance Company (14,920,260), GEICO Advantage Insurance Company (630,000), GEICO Indemnity Company (3,809,650), National Fire & Marine Insurance Company (508,654), and National Indemnity Company (4,664,254). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed presently to both beneficially own and have a pecuniary interest in all such shares presently owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, such shares presently owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F2 · ownership.nature: 11,159,297 of the total reported shares of Series C Liberty SiriusXM Common Stock are owned as of June 3, 2020 by the following pension plans of Berkshire's subsidiaries: Berkshire Hathaway Consolidated Pension Plan (6,314,225), BNSF Master Retirement Trust (2,673,750), Precision Castparts Corp. Master Trust (1,871,322), Acme Brick Pension Trust (100,000), and Scott Fetzer Collective Investment Trust (200,000). Each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such shares.

SEC source: 0001209191-20-033070 · doc4.xml · derivative · entry 14

WESCHLER, R. TED · CIK 0001130334 · Member of 10% owner group

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 7,175,955

Underlying: Series C Liberty SiriusXM Common Stock · Not disclosed shares

Expires 2020-06-05

F12 · derivative.exercise_price: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right will entitle the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right will entitle the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47.

F13 · derivative.exercise_price: Continued from footnote 12: Under the oversubscription privilege, each rightsholder that exercises its basic subscription privilege will have the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock which are not purchased by other rightsholders under their basic subscription privilege.

F21 · price: The price reported in Column 8 is a weighted average price. These rights were purchased in multiple transactions at prices ranging from $11.33 to $11.50. The Reporting Persons undertake to provide Liberty, any security holder of Liberty, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of rights purchased at each separate price within the range set forth in footnote 21 to this Form 4.

F14 · derivative.exercise_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expires on June 5, 2020. Liberty's board of directors may terminate the rights offering for any reason before the expiration time. Liberty may extend the expiration time of the rights offering for any reason and for any length of time beyond June 5, 2020, at the discretion of its board of directors. However, Liberty may not extend the expiration time of the rights offering for more than 25 trading days past the original fourteen trading day subscription period. All exercises of Series C Liberty SiriusXM Rights are irrevocable even if Liberty's board of directors determines to extend the expiration time.

F14 · derivative.expiration_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expires on June 5, 2020. Liberty's board of directors may terminate the rights offering for any reason before the expiration time. Liberty may extend the expiration time of the rights offering for any reason and for any length of time beyond June 5, 2020, at the discretion of its board of directors. However, Liberty may not extend the expiration time of the rights offering for more than 25 trading days past the original fourteen trading day subscription period. All exercises of Series C Liberty SiriusXM Rights are irrevocable even if Liberty's board of directors determines to extend the expiration time.

F12 · derivative.underlying: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right will entitle the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right will entitle the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47.

F13 · derivative.underlying: Continued from footnote 12: Under the oversubscription privilege, each rightsholder that exercises its basic subscription privilege will have the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock which are not purchased by other rightsholders under their basic subscription privilege.

F12 · derivative.underlying_shares: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right will entitle the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right will entitle the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47.

F13 · derivative.underlying_shares: Continued from footnote 12: Under the oversubscription privilege, each rightsholder that exercises its basic subscription privilege will have the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock which are not purchased by other rightsholders under their basic subscription privilege.

F16 · ownership.nature: These Series C Liberty SiriusXM Rights were acquired by certain subsidiaries and subsidiary benefit plans of Berkshire. As a result of an agreement entered into on May 24, 2013 between Berkshire and the reporting person with respect to the reporting person's holdings of, and future transactions in, shares of Series C Liberty SiriusXM Common Stock, Berkshire and the reporting person have agreed to file as a "group" under Section 13 of the Exchange Act. The reporting person disclaims beneficial ownership of Series C Liberty SiriusXM Rights (and the underlying Series C Shares) owned by Berkshire, Berkshire's subsidiaries and its subsidiary pension plans. This report shall not be deemed an admission that the reporting person is the beneficial owner of any Series C Liberty SiriusXM Rights (and the underlying Series C Shares)

F17 · ownership.nature: Continued from footnote 16: that are not directly owned by the reporting person for purposes of Section 16 of the Exchange Act, or for any other purpose.

SEC source: 0001209191-20-033070 · doc4.xml · derivative · entry 13

WESCHLER, R. TED · CIK 0001130334 · Member of 10% owner group

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 7,130,187

Underlying: Series C Liberty SiriusXM Common Stock · Not disclosed shares

Expires 2020-06-05

F12 · derivative.exercise_price: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right will entitle the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right will entitle the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47.

F13 · derivative.exercise_price: Continued from footnote 12: Under the oversubscription privilege, each rightsholder that exercises its basic subscription privilege will have the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock which are not purchased by other rightsholders under their basic subscription privilege.

F20 · price: The price reported in Column 8 is a weighted average price. These rights were purchased in multiple transactions at prices ranging from $10.31 to $11.30. The Reporting Persons undertake to provide Liberty, any security holder of Liberty, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of rights purchased at each separate price within the range set forth in footnote 20 to this Form 4.

F14 · derivative.exercise_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expires on June 5, 2020. Liberty's board of directors may terminate the rights offering for any reason before the expiration time. Liberty may extend the expiration time of the rights offering for any reason and for any length of time beyond June 5, 2020, at the discretion of its board of directors. However, Liberty may not extend the expiration time of the rights offering for more than 25 trading days past the original fourteen trading day subscription period. All exercises of Series C Liberty SiriusXM Rights are irrevocable even if Liberty's board of directors determines to extend the expiration time.

F14 · derivative.expiration_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expires on June 5, 2020. Liberty's board of directors may terminate the rights offering for any reason before the expiration time. Liberty may extend the expiration time of the rights offering for any reason and for any length of time beyond June 5, 2020, at the discretion of its board of directors. However, Liberty may not extend the expiration time of the rights offering for more than 25 trading days past the original fourteen trading day subscription period. All exercises of Series C Liberty SiriusXM Rights are irrevocable even if Liberty's board of directors determines to extend the expiration time.

F12 · derivative.underlying: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right will entitle the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right will entitle the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47.

F13 · derivative.underlying: Continued from footnote 12: Under the oversubscription privilege, each rightsholder that exercises its basic subscription privilege will have the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock which are not purchased by other rightsholders under their basic subscription privilege.

F12 · derivative.underlying_shares: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right will entitle the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right will entitle the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47.

F13 · derivative.underlying_shares: Continued from footnote 12: Under the oversubscription privilege, each rightsholder that exercises its basic subscription privilege will have the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock which are not purchased by other rightsholders under their basic subscription privilege.

F16 · ownership.nature: These Series C Liberty SiriusXM Rights were acquired by certain subsidiaries and subsidiary benefit plans of Berkshire. As a result of an agreement entered into on May 24, 2013 between Berkshire and the reporting person with respect to the reporting person's holdings of, and future transactions in, shares of Series C Liberty SiriusXM Common Stock, Berkshire and the reporting person have agreed to file as a "group" under Section 13 of the Exchange Act. The reporting person disclaims beneficial ownership of Series C Liberty SiriusXM Rights (and the underlying Series C Shares) owned by Berkshire, Berkshire's subsidiaries and its subsidiary pension plans. This report shall not be deemed an admission that the reporting person is the beneficial owner of any Series C Liberty SiriusXM Rights (and the underlying Series C Shares)

F17 · ownership.nature: Continued from footnote 16: that are not directly owned by the reporting person for purposes of Section 16 of the Exchange Act, or for any other purpose.

SEC source: 0001209191-20-033070 · doc4.xml · nonDerivative · entry 6

WESCHLER, R. TED · CIK 0001130334 · Member of 10% owner group

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 35,242,115

F7 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $36.47 to $36.50. The Reporting Persons undertake to provide Liberty, any security holder of Liberty, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote 7 to this Form 4.

F2 · ownership.nature: These shares were acquired by certain subsidiaries and subsidiary benefit plans of Berkshire. As a result of an agreement entered into on May 24, 2013 between Berkshire and the reporting person with respect to the reporting person's holdings of, and future transactions in, shares of Series C Liberty SiriusXM Common Stock ("Series C Shares"), Berkshire and the reporting person have agreed to file as a "group" under Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The reporting person disclaims beneficial ownership of Series C Shares owned by Berkshire, Berkshire's subsidiaries and its subsidiary pension plans. This report shall not be deemed an admission that the reporting person is the beneficial owner of any Series C Shares that are not directly owned by the reporting person for purposes of Section 16 of the Exchange Act, or for any other purpose.

SEC source: 0001209191-20-033070 · doc4.xml · nonDerivative · entry 5

WESCHLER, R. TED · CIK 0001130334 · Member of 10% owner group

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 35,196,640

F6 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $35.47 to $36.41. The Reporting Persons undertake to provide Liberty, any security holder of Liberty, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote 6 to this Form 4.

F2 · ownership.nature: These shares were acquired by certain subsidiaries and subsidiary benefit plans of Berkshire. As a result of an agreement entered into on May 24, 2013 between Berkshire and the reporting person with respect to the reporting person's holdings of, and future transactions in, shares of Series C Liberty SiriusXM Common Stock ("Series C Shares"), Berkshire and the reporting person have agreed to file as a "group" under Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The reporting person disclaims beneficial ownership of Series C Shares owned by Berkshire, Berkshire's subsidiaries and its subsidiary pension plans. This report shall not be deemed an admission that the reporting person is the beneficial owner of any Series C Shares that are not directly owned by the reporting person for purposes of Section 16 of the Exchange Act, or for any other purpose.

SEC source: 0001225208-20-008493 · doc4.xml · derivative · entry 1

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Hilltop Investments III, LLC

Disclosed balance after: 40,000

Underlying: Series C Liberty SiriusXM Common Stock · 10,000 shares

Expires not disclosed

F1 · security: The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

F4 · price: The price is a weighted average price. These subscription rights were sold in multiple transactions ranging from $10.61 to $10.67, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of subscription rights sold at each separate price within the range.

F2 · derivative.exercise_date: The rights offering commenced on May 18, 2020.

F3 · derivative.expiration_date: The rights offering will expire at 5:00 p.m., New York City time, on June 5, 2020 unless extended by the Issuer.

SEC source: 0001225208-20-008492 · doc4.xml · derivative · entry 3

DEEVY BRIAN · CIK 0001442360 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13

Underlying: Series C Liberty SiriusXM Common Stock · 1,509 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

F2 · derivative.exercise_date: The rights offering commenced on May 18, 2020.

F3 · derivative.expiration_date: The rights offering will expire at 5:00 p.m., New York City time, on June 5, 2020 unless extended by the Issuer.

SEC source: 0001225208-20-008492 · doc4.xml · nonDerivative · entry 1

DEEVY BRIAN · CIK 0001442360 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,707

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001225208-20-008491 · doc4.xml · derivative · entry 13

MALONE JOHN C · CIK 0000937797 · Director · Chairman of the Board · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Malone Starz 2015 Charitable Remainder Trust

Disclosed balance after: 0

Underlying: Series C Liberty SiriusXM Common Stock · 575,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · security: The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

F4 · derivative.exercise_date: The rights offering commenced on May 18, 2020.

F5 · derivative.expiration_date: The rights offering will expire at 5:00 p.m., New York City time, on June 5, 2020 unless extended by the Issuer.

SEC source: 0001225208-20-008491 · doc4.xml · derivative · entry 8

MALONE JOHN C · CIK 0000937797 · Director · Chairman of the Board · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 701,579

Underlying: Series C Liberty SiriusXM Common Stock · 133,067 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · security: The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

F4 · derivative.exercise_date: The rights offering commenced on May 18, 2020.

F5 · derivative.expiration_date: The rights offering will expire at 5:00 p.m., New York City time, on June 5, 2020 unless extended by the Issuer.

SEC source: 0001225208-20-008491 · doc4.xml · nonDerivative · entry 6

MALONE JOHN C · CIK 0000937797 · Director · Chairman of the Board · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Malone Starz 2015 Charitable Remainder Trust

Disclosed balance after: 575,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001225208-20-008491 · doc4.xml · nonDerivative · entry 1

MALONE JOHN C · CIK 0000937797 · Director · Chairman of the Board · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,160,322

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-20-033068 · doc4.xml · derivative · entry 11

BERKSHIRE HATHAWAY INC · CIK 0001067983 · 10% owner

BUFFETT WARREN E · CIK 0000315090 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 7,175,955

Underlying: Series C Liberty SiriusXM Common Stock · Not disclosed shares

Expires 2020-06-05

F9 · derivative.exercise_price: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right will entitle the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right will entitle the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription

F10 · derivative.exercise_price: Continued from footnote 9: privilege, each rightsholder that exercises its basic subscription privilege will have the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock which are not purchased by other rightsholders under their basic subscription privilege.

F18 · price: The price reported in Column 8 is a weighted average price. These rights were purchased in multiple transactions at prices ranging from $11.33 to $11.50. The Reporting Persons undertake to provide Liberty, any security holder of Liberty, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of rights purchased at each separate price within the range set forth in footnote 18 to this Form 4.

F11 · derivative.exercise_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expires on June 5, 2020. Liberty's board of directors may terminate the rights offering for any reason before the expiration time. Liberty may extend the expiration time of the rights offering for any reason and for any length of time beyond June 5, 2020, at the discretion of its board of directors. However, Liberty may not extend the expiration time of the rights offering for more than 25 trading days past the original fourteen trading day subscription period. All exercises of Series C Liberty SiriusXM Rights are irrevocable even if Liberty's board of directors determines to extend the expiration time.

F11 · derivative.expiration_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expires on June 5, 2020. Liberty's board of directors may terminate the rights offering for any reason before the expiration time. Liberty may extend the expiration time of the rights offering for any reason and for any length of time beyond June 5, 2020, at the discretion of its board of directors. However, Liberty may not extend the expiration time of the rights offering for more than 25 trading days past the original fourteen trading day subscription period. All exercises of Series C Liberty SiriusXM Rights are irrevocable even if Liberty's board of directors determines to extend the expiration time.

F9 · derivative.underlying: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right will entitle the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right will entitle the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription

F10 · derivative.underlying: Continued from footnote 9: privilege, each rightsholder that exercises its basic subscription privilege will have the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock which are not purchased by other rightsholders under their basic subscription privilege.

F9 · derivative.underlying_shares: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right will entitle the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right will entitle the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription

F10 · derivative.underlying_shares: Continued from footnote 9: privilege, each rightsholder that exercises its basic subscription privilege will have the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock which are not purchased by other rightsholders under their basic subscription privilege.

F13 · ownership.nature: 3,720,748 of the total reported Series C Liberty SiriusXM Rights are owned as of May 29, 2020 by the following subsidiaries of Berkshire: Government Employees Insurance Company (1,922,990), GEICO Advantage Insurance Company (83,806), GEICO Indemnity Company (542,750), National Fire & Marine Insurance Company (135,409), and National Indemnity Company (1,035,793). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed presently to both beneficially own and have a pecuniary interest in all such rights presently owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, such rights presently owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported rights except to the extent of his pecuniary interest therein.

F14 · ownership.nature: 3,455,207 of the total reported Series C Liberty SiriusXM Rights are owned as of May 29, 2020 by the following pension plans of Berkshire's subsidiaries: Berkshire Hathaway Consolidated Pension Plan (2,817,180), BNSF Master Retirement Trust (325,000), and Precision Castparts Corp. Master Trust (313,027). Each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such rights.

SEC source: 0001209191-20-033068 · doc4.xml · derivative · entry 10

BERKSHIRE HATHAWAY INC · CIK 0001067983 · 10% owner

BUFFETT WARREN E · CIK 0000315090 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 7,130,187

Underlying: Series C Liberty SiriusXM Common Stock · Not disclosed shares

Expires 2020-06-05

F9 · derivative.exercise_price: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right will entitle the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right will entitle the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription

F10 · derivative.exercise_price: Continued from footnote 9: privilege, each rightsholder that exercises its basic subscription privilege will have the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock which are not purchased by other rightsholders under their basic subscription privilege.

F17 · price: The price reported in Column 8 is a weighted average price. These rights were purchased in multiple transactions at prices ranging from $10.31 to $11.30. The Reporting Persons undertake to provide Liberty, any security holder of Liberty, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of rights purchased at each separate price within the range set forth in footnote 17 to this Form 4.

F11 · derivative.exercise_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expires on June 5, 2020. Liberty's board of directors may terminate the rights offering for any reason before the expiration time. Liberty may extend the expiration time of the rights offering for any reason and for any length of time beyond June 5, 2020, at the discretion of its board of directors. However, Liberty may not extend the expiration time of the rights offering for more than 25 trading days past the original fourteen trading day subscription period. All exercises of Series C Liberty SiriusXM Rights are irrevocable even if Liberty's board of directors determines to extend the expiration time.

F11 · derivative.expiration_date: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expires on June 5, 2020. Liberty's board of directors may terminate the rights offering for any reason before the expiration time. Liberty may extend the expiration time of the rights offering for any reason and for any length of time beyond June 5, 2020, at the discretion of its board of directors. However, Liberty may not extend the expiration time of the rights offering for more than 25 trading days past the original fourteen trading day subscription period. All exercises of Series C Liberty SiriusXM Rights are irrevocable even if Liberty's board of directors determines to extend the expiration time.

F9 · derivative.underlying: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right will entitle the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right will entitle the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription

F10 · derivative.underlying: Continued from footnote 9: privilege, each rightsholder that exercises its basic subscription privilege will have the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock which are not purchased by other rightsholders under their basic subscription privilege.

F9 · derivative.underlying_shares: As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right will entitle the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right will entitle the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription

F10 · derivative.underlying_shares: Continued from footnote 9: privilege, each rightsholder that exercises its basic subscription privilege will have the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock which are not purchased by other rightsholders under their basic subscription privilege.

F13 · ownership.nature: 3,720,748 of the total reported Series C Liberty SiriusXM Rights are owned as of May 29, 2020 by the following subsidiaries of Berkshire: Government Employees Insurance Company (1,922,990), GEICO Advantage Insurance Company (83,806), GEICO Indemnity Company (542,750), National Fire & Marine Insurance Company (135,409), and National Indemnity Company (1,035,793). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed presently to both beneficially own and have a pecuniary interest in all such rights presently owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, such rights presently owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported rights except to the extent of his pecuniary interest therein.

F14 · ownership.nature: 3,455,207 of the total reported Series C Liberty SiriusXM Rights are owned as of May 29, 2020 by the following pension plans of Berkshire's subsidiaries: Berkshire Hathaway Consolidated Pension Plan (2,817,180), BNSF Master Retirement Trust (325,000), and Precision Castparts Corp. Master Trust (313,027). Each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such rights.

SEC source: 0001209191-20-033068 · doc4.xml · nonDerivative · entry 6

BERKSHIRE HATHAWAY INC · CIK 0001067983 · 10% owner

BUFFETT WARREN E · CIK 0000315090 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 35,242,115

F8 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $36.47 to $36.50. The Reporting Persons undertake to provide Liberty, any security holder of Liberty, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote 8 to this Form 4.

F2 · ownership.nature: 24,082,818 of the total reported shares of Series C Liberty SiriusXM Common Stock are owned as of May 29, 2020 by the following subsidiaries of Berkshire: Government Employees Insurance Company (14,920,260), GEICO Advantage Insurance Company (630,000), GEICO Indemnity Company (3,809,650), National Fire & Marine Insurance Company (508,654), and National Indemnity Company (4,214,254). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed presently to both beneficially own and have a pecuniary interest in all such shares presently owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, such shares presently owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F3 · ownership.nature: 11,159,297 of the total reported shares of Series C Liberty SiriusXM Common Stock are owned as of May 29, 2020 by the following pension plans of Berkshire's subsidiaries: Berkshire Hathaway Consolidated Pension Plan (6,314,225), BNSF Master Retirement Trust (2,673,750), Precision Castparts Corp. Master Trust (1,871,322), Acme Brick Pension Trust (100,000), and Scott Fetzer Collective Investment Trust (200,000). Each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such shares.

SEC source: 0001209191-20-033068 · doc4.xml · nonDerivative · entry 5

BERKSHIRE HATHAWAY INC · CIK 0001067983 · 10% owner

BUFFETT WARREN E · CIK 0000315090 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 35,196,640

F7 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $35.47 to $36.41. The Reporting Persons undertake to provide Liberty, any security holder of Liberty, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote 7 to this Form 4.

F2 · ownership.nature: 24,082,818 of the total reported shares of Series C Liberty SiriusXM Common Stock are owned as of May 29, 2020 by the following subsidiaries of Berkshire: Government Employees Insurance Company (14,920,260), GEICO Advantage Insurance Company (630,000), GEICO Indemnity Company (3,809,650), National Fire & Marine Insurance Company (508,654), and National Indemnity Company (4,214,254). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed presently to both beneficially own and have a pecuniary interest in all such shares presently owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, such shares presently owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F3 · ownership.nature: 11,159,297 of the total reported shares of Series C Liberty SiriusXM Common Stock are owned as of May 29, 2020 by the following pension plans of Berkshire's subsidiaries: Berkshire Hathaway Consolidated Pension Plan (6,314,225), BNSF Master Retirement Trust (2,673,750), Precision Castparts Corp. Master Trust (1,871,322), Acme Brick Pension Trust (100,000), and Scott Fetzer Collective Investment Trust (200,000). Each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such shares.