Liberty Media Corporation Series C Formula One Group Common Stock represents an economic interest in Liberty Media’s Formula One Group, a media and entertainment business centered on elite global motorsport. The Formula One Group holds the exclusive commercial rights to the FIA Formula One World Championship, managing race promotion deals, media and broadcasting rights, sponsorships, and related licensing worldwide. Through this structure, Liberty Media monetizes one of the most recognizable sports properties, engaging broadcasters, race organizers, teams, and commercial partners across multiple regions. The business focuses on producing and distributing live racing content, enhancing fan engagement, and developing commercial partnerships tied to the Formula 1 ecosystem. Liberty Media Corporation, founded in 1991 and headquartered in Englewood, Colorado, operates and owns interests in media, sports, and entertainment businesses, with the Formula One Group positioned as a key asset within its broader portfolio today.