Malone John C's Form 4 filing
Liberty Broadband Corp (LBRDA) · filed Aug 20, 2026
- Accession no.
- 0001104659-26-099319
- Filed
- Aug 20, 2026, 9:14 PM ET
- Trade date
- Aug 18-19, 2026
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 10 non-derivative transactions and 8 derivative transactions. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Malone John CCIK 0000937797 | Director, 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 18, 2026 | Series C Common Stock | XIn-the-money exerciseDisposed | −66,000 | $88.37 | −$5,832,294.6 | 6,680,933 | Direct | |
| Aug 19, 2026 | Series C Common Stock | XIn-the-money exerciseDisposed | −66,000 | $88.37 | −$5,832,294.6 | 6,614,933 | Direct | |
| Aug 19, 2026 | Series A Common Stock | DReturned to the companyDisposed | −1,153,227 | –F3 | – | 0 | Direct | |
| Aug 19, 2026 | Series B Common Stock | DReturned to the companyDisposed | −58,184 | –F3 | – | 0 | Direct | |
| Aug 19, 2026 | Series C Common Stock | DReturned to the companyDisposed | −6,614,933 | –F3 | – | 0 | Direct | |
| Aug 19, 2026 | Series B Common Stock | DReturned to the companyDisposed | −122,649 | –F3 | – | 0 | Indirect | |
| Aug 19, 2026 | Series A Common Stock | DReturned to the companyDisposed | −25,444 | –F3 | – | 0 | Indirect | |
| Aug 19, 2026 | Series B Common Stock | DReturned to the companyDisposed | −57,641 | –F3 | – | 0 | Indirect | |
| Aug 19, 2026 | Series C Common Stock | DReturned to the companyDisposed | −357,106 | –F3 | – | 0 | Indirect | |
| Aug 19, 2026 | Series C Common Stock | DReturned to the companyDisposed | −213,332 | –F3 | – | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 18, 2026 | Series C Common Stock | ELess common codeDisposed | −66,000 | $0.00 | $0 | 934,000 | Direct | |
| Aug 18, 2026 | Series C Common Stock | XIn-the-money exerciseDisposed | −66,000 | $0.00 | $0 | 934,000 | Direct | |
| Aug 19, 2026 | Series C Common Stock | ELess common codeDisposed | −66,000 | $0.00 | $0 | 868,000 | Direct | |
| Aug 19, 2026 | Series C Common Stock | XIn-the-money exerciseDisposed | −66,000 | $0.00 | $0 | 868,000 | Direct | |
| Aug 19, 2026 | Series C Common Stock | JOtherDisposed | −868,000 | –F8 | – | 0 | Direct | |
| Aug 19, 2026 | Series C Common Stock | JOtherDisposed | −868,000 | –F8 | – | 0 | Direct | |
| Aug 19, 2026 | Series C Common Stock | JOtherDisposed | −400,000 | –F9 | – | 0 | Direct | |
| Aug 19, 2026 | Series C Common Stock | JOtherDisposed | −400,000 | –F9 | – | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F3
Pursuant to the terms of the Merger Agreement (as defined in the Remarks section), at the effective time of the Merger (as defined in the Remarks section), each share of the Issuer's Series A Common Stock, Series B Common Stock and Series C Common Stock issued and outstanding immediately prior to the effective time of the Merger was automatically converted into 0.2360 of a share of Charter Communications, Inc. ("Charter") Class A common stock ("Charter Common Stock"), except that cash (without interest) was paid in lieu of fractional shares.
Referenced by the price of 8 transactions in Table I.
- F8
As a result of the Merger, the dealer counterparty to the 2019 Transaction adjusted the transaction pursuant to its terms to (i) substitute each Share of Series C Common Stock underlying the 2019 Transaction for 0.2360 shares of Charter Common Stock and (ii) adjusted the strike prices of the call options and put options.
Referenced by the price of 2 transactions in Table II.
- F9
As a result of the Merger, the dealer counterparty to the 2021 Transaction (as defined in the Remarks section) adjusted the transaction pursuant to its terms to (i) substitute each Share of Series C Common Stock underlying the 2021 Transaction for 0.2360 shares of Charter Common Stock and (ii) adjusted the strike prices of the call options and put options.
Referenced by the price of 2 transactions in Table II.
Remarks
On each of September 12, 2019 (the "2019 Transaction") and September 14, 2021 (the "2021 Transaction"), the Reporting Person entered into a "zero-cost collar" arrangement pursuant to which he wrote European call options and purchased European put options over an aggregate of 1,000,000 shares of Series C Common Stock and 400,000 shares of Series C Common Stock, respectively. For each of the 2019 Transaction and 2021 Transaction, only one of the options can be in the money on the expiration date, at which time the in-the-money options will be exercised, and the other options will expire. If neither the put options nor the call options are in the money on the expiration date, both the put and call options will expire. Each transaction will be settled in cash unless the Reporting Person elects physical settlement. As a result of the spin-off (the "Spin-Off") of GCI Liberty, Inc. (which is now known as Liberty Capital Corporation) from the Issuer on July 15, 2025, the dealer counterparty to the transactions adjusted the strike price of the call options and put options of each transaction pursuant to its terms. Pursuant to the Agreement and Plan of Merger, dated as of November 12, 2024 (the "Merger Agreement"), by and among the Issuer, Charter, Fusion Merger Sub 1, LLC, a Delaware limited liability company and wholly owned subsidiary of Charter ("Merger LLC"), and Fusion Merger Sub 2, Inc., a Delaware corporation and wholly owned subsidiary of Merger LLC ("Merger Sub"), on August 19, 2026, Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Merger LLC, and immediately following the Merger, the Issuer (as the surviving corporation in the Merger) merged with and into Merger LLC (the "Upstream Merger"), with Merger LLC surviving the Upstream Merger as the surviving company and a wholly owned subsidiary of Charter.