JOHN E. WELSH III - 17 Jul 2025 Form 4 Insider Report for Liberty Broadband Corp (LBRDA)

Role
Director
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for John E. Welsh, III
Issuer symbol
LBRDA
Transactions as of
17 Jul 2025
Net transactions value
$0
Form type
4
Filing time
23 Jul 2025, 18:15:22 UTC
Previous filing
13 Dec 2023
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
WELSH JOHN E III Director 12300 LIBERTY BLVD., ENGLEWOOD /s/ Brittany A. Uthoff as Attorney-in-Fact for John E. Welsh, III 23 Jul 2025 0001180040

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 Stock Option - LBRDK (Right to Buy) Other $0 +3,494 $0.000000 3,494 17 Jul 2025 Series C Common Stock 3,494 $76.76 Direct F1, F2
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 +2,242 $0.000000 2,242 17 Jul 2025 Series C Common Stock 2,242 $153.58 Direct F1, F2
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 +2,961 $0.000000 2,961 17 Jul 2025 Series C Common Stock 2,961 $147.33 Direct F1, F2
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 +2,841 $0.000000 2,841 17 Jul 2025 Series C Common Stock 2,841 $110.24 Direct F1, F2
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 +3,243 $0.000000 3,243 17 Jul 2025 Series C Common Stock 3,243 $71.17 Direct F1, F2
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 +6,184 $0.000000 6,184 17 Jul 2025 Series C Common Stock 6,184 $83.37 Direct F1, F2
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 -3,253 -100% $0.000000 0 17 Jul 2025 Series C Common Stock 3,253 $82.46 Direct F1
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 -2,087 -100% $0.000000 0 17 Jul 2025 Series C Common Stock 2,087 $164.99 Direct F1
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 -2,757 -100% $0.000000 0 17 Jul 2025 Series C Common Stock 2,757 $158.27 Direct F1
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 -2,645 -100% $0.000000 0 17 Jul 2025 Series C Common Stock 2,645 $118.43 Direct F1
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 -3,019 -100% $0.000000 0 17 Jul 2025 Series C Common Stock 3,019 $76.45 Direct F1
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 -5,757 -100% $0.000000 0 17 Jul 2025 Series C Common Stock 5,757 $89.56 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 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.
F2 This option award is fully exercisable.

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.