FWONK

Liberty Media Corp. Series C is a class of common stock in Liberty Media's Formula One Group tracking stock with no voting rights. Like Series A shares, it tracks the economic performance of the Formula One racing business including media rights, event promotion, and commercial partnerships. The different share classes allow Liberty Media to raise capital and provide equity compensation while maintaining voting control through higher-vote shares held by insiders. Series C shares often trade at different prices than Series A due to the voting rights differential, though they have equal economic rights to dividends and distributions.