Martin Edward Patterson - 17 Jul 2025 Form 4 Insider Report for Liberty Broadband Corp (LBRDA)

Role
President and CEO
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for Martin E. Patterson
Issuer symbol
LBRDA
Transactions as of
17 Jul 2025
Net transactions value
$0
Form type
4
Filing time
23 Jul 2025, 18:02:05 UTC
Previous filing
14 Jul 2025
Next filing
10 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Patterson Martin Edward President and CEO 12300 LIBERTY BLVD., ENGLEWOOD /s/ Brittany A. Uthoff as Attorney-in-Fact for Martin E. Patterson 23 Jul 2025 0001848881

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 +828 $0.000000 828 17 Jul 2025 Series C Common Stock 828 Direct F1, F2, F3
transaction LBRDK Restricted Stock Units-LBRDK Other $0 -771 -100% $0.000000 0 17 Jul 2025 Series C Common Stock 771 Direct F1, F2, F3
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 +4,688 $0.000000 4,688 17 Jul 2025 Series C Common Stock 4,688 $110.24 Direct F4, F5
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 +3,804 $0.000000 3,804 17 Jul 2025 Series C Common Stock 3,804 $108.82 Direct F4, F5
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 -3,541 -100% $0.000000 0 17 Jul 2025 Series C Common Stock 3,541 $116.90 Direct F4, F5
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 -4,364 -100% $0.000000 0 17 Jul 2025 Series C Common Stock 4,364 $118.43 Direct F4, F5
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 +3,428 $0.000000 3,428 17 Jul 2025 Series C Common Stock 3,428 $71.17 Direct F4, F6
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 -3,191 -100% $0.000000 0 17 Jul 2025 Series C Common Stock 3,191 $76.45 Direct F4, F6
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 +8,159 $0.000000 8,159 17 Jul 2025 Series C Common Stock 8,159 $72.31 Direct F4, F7
transaction LBRDK Stock Option - LBRDK (Right to Buy) Other $0 -7,595 -100% $0.000000 0 17 Jul 2025 Series C Common Stock 7,595 $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.