Gregory B. Maffei - Dec 16, 2024 Form 4 Insider Report for Liberty Broadband Corp (LBRDA)

Signature
/s/ Katherine C. Jewell as Attorney-in-Fact for Gregory B. Maffei
Stock symbol
LBRDA
Transactions as of
Dec 16, 2024
Transactions value $
-$37,936,217
Form type
4
Date filed
12/18/2024, 05:35 PM
Previous filing
Dec 10, 2024
Next filing
Dec 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBRDA Series C Common Stock Options Exercise $72.2M +1.5M +107.26% $48.10 2.9M Dec 16, 2024 Direct F1
transaction LBRDA Series C Common Stock Sale -$5.86M -71.5K -2.47% $82.00 2.83M Dec 16, 2024 Direct F2
transaction LBRDA Series C Common Stock Tax liability -$94.6M -1.15M -40.56% $82.45 1.68M Dec 16, 2024 Direct
transaction LBRDA Series C Common Stock Sale -$94.7K -1.17K -0.07% $81.30 1.68M Dec 17, 2024 Direct F3
transaction LBRDA Series C Common Stock Sale -$9.58M -119K -7.08% $80.60 1.56M Dec 17, 2024 Direct F4
holding LBRDA Series C Common Stock 275K Dec 16, 2024 Maven 2016 - 1 GRAT F5, F6
holding LBRDA Series C Common Stock 138K Dec 16, 2024 Maven 2017 - 1 GRAT F6, F7

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 LBRDA Stock Option - LBRDK (Right to Buy) Options Exercise $0 -1.5M -100% $0.00 0 Dec 16, 2024 Series C Common Stock 1.5M $48.10 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes the distribution to the reporting person's direct holdings of 100 shares of the Issuer's Series C common stock on June 26, 2023, by the Maven 2017-1 GRAT; 160,962 shares of the Issuer's Series C common stock on February 29, 2024, by the Maven 2016-1 GRAT; and 118,320 shares of the Issuer's Series C common stock on June 26, 2024, by the Maven 2017-1 GRAT.
F2 The price is a weighted average price. These shares were sold in multiple transactions ranging from $81.55 to $82.52, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission,the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
F3 The price is a weighted average price. These shares were sold in multiple transactions ranging from $81.235 to $81.415, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission,the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
F4 The price is a weighted average price. These shares were sold in multiple transactions ranging from $81.220 to $81.190, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission,the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
F5 Includes the distribution to the reporting person's direct holdings of 160,962 shares of the Issuer's Series C common stock on February 29,2024 by the Maven 2016-1 GRAT.
F6 The reporting person is the sole trustee of the grantor retained annuity trust, for the benefit of himself, his spouse and his children.
F7 Includes the distribution to the reporting person's direct holdings of (i) 100 shares of the Issuer's Series C common stock on June 26, 2023, by the Maven 2017-1 GRAT. and (ii) 118,320 shares of the Issuer's Series C common stock on June 26, 2024, by the Maven 2017-1 GRAT.
F8 These options vested 50% on December 17, 2018, and 50% on December 17, 2019.