Brian J. Wendling - Jul 17, 2025 Form 4 Insider Report for Liberty Broadband Corp (LBRDK)

Role
CAO/PFO
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for Brian J. Wendling
Stock symbol
LBRDK
Transactions as of
Jul 17, 2025
Transactions value $
$0
Form type
4
Date filed
7/23/2025, 06:12 PM
Previous filing
Jul 16, 2025
Next filing
Sep 12, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Wendling Brian J CAO/PFO 12300 LIBERTY BLVD., ENGLEWOOD /s/ Brittany A. Uthoff as Attorney-in-Fact for Brian J. Wendling 2025-07-23 0001663090

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 LBRDK Restricted Stock Units-LBRDK Other $0 +2.92K $0.00 2.92K Jul 17, 2025 Series C Common Stock 2.92K Direct F1, F2, F3
transaction LBRDK Restricted Stock Units-LBRDK Other $0 -2.72K -100% $0.00 0 Jul 17, 2025 Series C Common Stock 2.72K Direct F1, F2, F3
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 +16.7K $0.00 16.7K Jul 17, 2025 Series C Common Stock 16.7K $153.58 Direct F4, F5
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 +10.7K $0.00 10.7K Jul 17, 2025 Series C Common Stock 10.7K $153.39 Direct F4, F5
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 -10K -100% $0.00 0 Jul 17, 2025 Series C Common Stock 10K $164.78 Direct F4, F5
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 -15.6K -100% $0.00 0 Jul 17, 2025 Series C Common Stock 15.6K $164.99 Direct F4, F5
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 +12.1K $0.00 12.1K Jul 17, 2025 Series C Common Stock 12.1K $71.17 Direct F4, F6
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 -11.3K -100% $0.00 0 Jul 17, 2025 Series C Common Stock 11.3K $76.45 Direct F4, F6
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 +35.4K $0.00 35.4K Jul 17, 2025 Series C Common Stock 35.4K $72.31 Direct F4, F7
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 -32.9K -100% $0.00 0 Jul 17, 2025 Series C Common Stock 32.9K $77.68 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.
F2 On July 14, 2025, Liberty Broadband Corporation completed the spin-off of GCI Liberty, Inc. (the "Spin-Off"), which was effected by the distribution to each holder of its common stock as of 5:00 p.m., New York City time, on June 30, 2025, of 0.20 of a share of GCI Liberty, Inc.'s Series A, Series B and Series C GCI Group common stock for each whole share of the corresponding series of Liberty Broadband Corporation's common stock, with cash (with no interest) paid in lieu of fractional shares. In connection with the Spin-Off, all restricted stock unit awards held by the Reporting Person in the Issuer's Series C Common Stock were adjusted in a manner designed to preserve the value associated with the original awards prior to the Spin-Off. The number of shares for each adjusted award was determined on July 17, 2025. Otherwise, such award remains subject to the terms and conditions of the corresponding original award.
F3 This restricted stock unit award vests in two substantially equal installments on December 9, 2025 and 2026.
F4 In connection with the Spin-Off, all stock options held by the Reporting Person in the Issuer's Series C Common Stock were adjusted in a manner designed to preserve the value associated with the original awards prior to the Spin-Off. The number of shares and the exercise price for each adjusted award were determined on July 17, 2025. Otherwise, such award remains subject to the terms and conditions of the corresponding original award.
F5 This option award is fully exercisable.
F6 This option award vests in three substantially equal installments on December 11, 2024, 2025, and 2026.
F7 Represents a retention grant which vested 50% on December 13, 2024 and will vest 25% on December 13, 2025 and 2026, subject to the Reporting Person's continued service to the Issuer through the applicable vesting dates.

Remarks:

The adjustments described above were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.