<SEC-DOCUMENT>0001104659-24-098253.txt : 20240909
<SEC-HEADER>0001104659-24-098253.hdr.sgml : 20240909
<ACCEPTANCE-DATETIME>20240909181624
ACCESSION NUMBER:		0001104659-24-098253
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240909
FILED AS OF DATE:		20240909
DATE AS OF CHANGE:		20240909

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Liberty Sirius XM Holdings Inc.
		CENTRAL INDEX KEY:			0002003397
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO BROADCASTING STATIONS [4832]
		ORGANIZATION NAME:           	06 Technology
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34295
		FILM NUMBER:		241288288

	BUSINESS ADDRESS:	
		STREET 1:		12300 LIBERTY BOULEVARD
		CITY:			ENGLEWOOD
		STATE:			CO
		ZIP:			80112
		BUSINESS PHONE:		720-875-4315

	MAIL ADDRESS:	
		STREET 1:		12300 LIBERTY BOULEVARD
		CITY:			ENGLEWOOD
		STATE:			CO
		ZIP:			80112

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIRIUS XM HOLDINGS INC.
		CENTRAL INDEX KEY:			0000908937
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO BROADCASTING STATIONS [4832]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				383916511
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1290 AVENUE OF THE AMERICAS
		STREET 2:		11TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10104
		BUSINESS PHONE:		212-584-5100

	MAIL ADDRESS:	
		STREET 1:		1290 AVENUE OF THE AMERICAS
		STREET 2:		11TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIRIUS XM RADIO INC.
		DATE OF NAME CHANGE:	20080805

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIRIUS SATELLITE RADIO INC
		DATE OF NAME CHANGE:	19991228

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CD RADIO INC
		DATE OF NAME CHANGE:	19940203
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>tm2423570-5_3seq1.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2024-09-09</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000908937</issuerCik>
        <issuerName>SIRIUS XM HOLDINGS INC.</issuerName>
        <issuerTradingSymbol>SIRI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002003397</rptOwnerCik>
            <rptOwnerName>Liberty Sirius XM Holdings Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>12300 LIBERTY BOULEVARD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ENGLEWOOD</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80112</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3205832796</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Held through wholly-owned subsidiaries</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>2.75% Exch. Sr. Debentures due 2049 (obligation to sell)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2049-12-01</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>70048705</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Each $1,000 original principal amount of 2.75% Exchangeable Senior Debentures due 2049 (the &quot;Debentures&quot;) is exchangeable for the cash equivalent of 116.0227 shares of the common stock, par value $0.001 per share (the &quot;Common Stock&quot;) of Sirius XM Holdings Inc. (the &quot;Issuer&quot;) as determined in the manner set forth in the indenture governing the Debentures.</footnote>
        <footnote id="F2">70,048,705 shares of Common Stock initially underlie the $603,750,000 original principal amount of the Debentures. The original principal amount of the Debentures was reduced to an adjusted principal amount of $585,123,865.78 as of September 9, 2024 as a result of (i) an extraordinary additional distribution, (ii) excess regular cash dividends and (iii) rate maintaining adjustments made to maintain a 2.75% fixed interest rate on the adjusted principal amount of the Debentures.</footnote>
        <footnote id="F3">Each Debenture is exchangeable at the option of the holder during specified periods. Holders of the Debentures may put them to the Reporting Person on December 1, 2024, or prior thereto following the occurrence of a &quot;fundamental change,&quot; and the Debentures may be redeemed by the Reporting Person, (i) in whole or in part, on or after December 1, 2024 at any time, or (ii) in whole, but not in part, prior to December 1, 2024, after the occurrence of certain conditions or events. The redemption of any Debenture by the Reporting Person or a purchase of any Debenture pursuant to a holder's put right, shall be cash settled by the Reporting Person generally for a sum equal to (x) the adjusted principal amount of such Debentures, (y) accrued and unpaid interest on such Debenture and (z) any final period distribution on such Debenture.</footnote>
        <footnote id="F4">(Continued from footnote 3) The Reporting Person elected to treat the Transactions (as defined below) as a &quot;fundamental change&quot; pursuant to the terms of the indenture governing the Debentures.</footnote>
    </footnotes>

    <remarks>On September 9, 2024, the transactions contemplated by the Reorganization Agreement, dated as of December 11, 2023, by and among Liberty Media Corporation (&quot;Liberty Media&quot;), the Issuer, and the Reporting Person, as amended to date, were completed (the &quot;Transactions&quot;). As a result of the Transactions, Liberty Media contributed to the Reporting Person, among other assets and liabilities, (i) all of the shares of Common Stock beneficially owned by Liberty Media and (ii) the Debentures. Also as a result of the Transactions, Liberty Media redeemed each share of its Series A Liberty SiriusXM common stock (&quot;LSXMA&quot;), Series B Liberty SiriusXM common stock (&quot;LSXMB&quot;) and Series C Liberty SiriusXM common stock (&quot;LSXMK&quot;) for 0.8375 of a share of common stock of the Reporting Person, with no shares of LSXMA, LSXMB or LSXMK remaining outstanding and with cash (without interest) paid in lieu of any fractional shares of common stock of the Reporting Person, after aggregating all shares of common stock of the Reporting Person issuable by series of LSXMA, LSXMB and LSXMK. As a result of the Transactions, including such contribution by Liberty Media to the Reporting Person of all of the shares of Common Stock beneficially owned by Liberty Media and Debentures reported herein, (i) the Reporting Person was split-off from Liberty Media and Liberty Media ceased to have an equity interest in the Reporting Person, and (ii) the Reporting Person now has an equity interest in the Issuer and therefore the Reporting Person is subject to the obligations of Section 16 of the Exchange Act with respect to the Issuer.</remarks>

    <ownerSignature>
        <signatureName>Liberty Sirius XM Holdings Inc. By: /s/ Patrick L. Donnelly Title: Executive Vice President, General Counsel and Secretary</signatureName>
        <signatureDate>2024-09-09</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
