Gregory B. Maffei - Mar 10, 2022 Form 4 Insider Report for Qurate Retail, Inc. (QRTEA)

Role: Chairman of the Board, Director, 10%+ Owner
Signature: /s/ Brittany A. Uthoff as Attorney-in-Fact for Gregory B. Maffei
Stock symbol: QRTEA
Transactions as of: Mar 10, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/14/2022, 04:32 PM
Previous filing: Mar 11, 2022
Next filing: Mar 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QRTEA	Series A Common Stock	Award	$0	+229K		$0.00	229K	Mar 10, 2022	Direct	F1
holding	QRTEA	Series A Common Stock						17.4K	Mar 10, 2022	By 401(k) Savings Plan	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	QRTEA	Exchange Right (Right to Buy) - QRTEB	Award		+229K			229K	Mar 10, 2022	Series B Common Stock	229K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of Series A Common Stock to be issued as a result of the certification on March 10, 2022 of the satisfaction of performance criteria established for the performance-based restricted stock units granted to the reporting person on March 10, 2021. This grant was made pursuant to the employment agreement between the reporting person and Liberty Media Corporation effective December 13, 2019 (the "Agreement"). This grant was a portion of the reporting person's Annual Equity Awards (as defined in the Agreement).
F2	The number of shares reported as held in the reporting person's 401(k) is based on a statement from the Plan Administrator dated as of February 28, 2022.
F3	On June 3, 2021, the Issuer and the reporting person entered into a Stock Exchange Agreement (the "Exchange Agreement"), as previously described in the Issuer's Current Report on Form 8-K filed on June 4, 2021, pursuant to which among other things, the Issuer agreed that on the terms and subject to the conditions of the Exchange Agreement, the reporting person, at his option during the six-month period following the vesting of the performance-based restricted stock unit award (the "PRSU award") granted to the reporting person on March 10, 2021, may transfer to the Issuer the number of shares of Series A Common Stock received by the reporting person upon vesting of such PRSU award in exchange for an equivalent number of newly-issued shares of Series B Common Stock (the "Exchange Right"). The Exchange Agreement, Exchange Right and related exchanges were approved by a committee of the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.