Gregory B. Maffei - Mar 25, 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 25, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/29/2022, 05:56 PM
Previous filing: Mar 18, 2022
Next filing: Apr 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QRTEA	Series A Common Stock	Disposed to Issuer	$0	-229K	-100%	$0.00^*	0	Mar 25, 2022	Direct	F1
transaction	QRTEA	Series B Common Stock	Options Exercise	$0	+229K	+3.2%	$0.00	7.38M	Mar 25, 2022	Direct	F1, F2
holding	QRTEA	Series A Common Stock						17.4K	Mar 25, 2022	By 401(k) Savings Plan	F3

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	Options Exercise		-229K	-100%		0	Mar 25, 2022	Series B Common Stock	229K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	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.
F2	Each share of Series B Common Stock is convertible, at the holder's election, into one share of Series A Common Stock, at any time for no consideration other than the surrender of the share of Series B Common Stock for each share of Series A Common Stock.
F3	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.