Derek Chang - 15 Dec 2025 Form 4 Insider Report for Liberty Live Holdings, Inc. (LLYVA)

Role
Director
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for Derek Chang
Issuer symbol
LLYVA
Transactions as of
15 Dec 2025
Net transactions value
$0
Form type
4
Filing time
17 Dec 2025, 18:31:18 UTC
Previous filing
05 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
CHANG DEREK Director 12300 LIBERTY BLVD, ENGLEWOOD /s/ Brittany A. Uthoff as Attorney-in-Fact for Derek Chang 17 Dec 2025 0001271943

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LLYVK Series C Liberty Live Group Common Stock Other $0 +1,024 $0.000000 1,024 15 Dec 2025 Direct F1

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 LLYVK Restricted Stock Units - LLYVK Other $0 +62,051 $0.000000 62,051 15 Dec 2025 Series C Liberty Live Group Common Stock 62,051 Direct F2, F3
transaction LLYVK Stock Option (Right to Buy) - LLYVK Other $0 +23,628 $0.000000 23,628 15 Dec 2025 Series C Liberty Live Group Common Stock 23,628 $76.45 Direct F4, F5
transaction LLYVK Stock Option (Right to Buy) - LLYVK Other $0 +88,584 $0.000000 88,584 15 Dec 2025 Series C Liberty Live Group Common Stock 88,584 $81.03 Direct F4, F6
transaction LLYVK Stock Option (Right to Buy) - LLYVK Other $0 +542 $0.000000 542 15 Dec 2025 Series C Liberty Live Group Common Stock 542 $53.46 Direct F4
transaction LLYVK Stock Option (Right to Buy) - LLYVK Other $0 +51 $0.000000 51 15 Dec 2025 Series C Liberty Live Group Common Stock 51 $28.89 Direct F4
transaction LLYVK Stock Option (Right to Buy) - LLYVK Other $0 +581 $0.000000 581 15 Dec 2025 Series C Liberty Live Group Common Stock 581 $44.85 Direct F4
transaction LLYVK Stock Option (Right to Buy) - LLYVK Other $0 +54 $0.000000 54 15 Dec 2025 Series C Liberty Live Group Common Stock 54 $27.92 Direct F4
transaction LLYVK Stock Option (Right to Buy) - LLYVK Other $0 +538 $0.000000 538 15 Dec 2025 Series C Liberty Live Group Common Stock 538 $48.78 Direct F4
transaction LLYVK Stock Option (Right to Buy) - LLYVK Other $0 +52 $0.000000 52 15 Dec 2025 Series C Liberty Live Group Common Stock 52 $21.36 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2025, Liberty Media Corporation ("Liberty Media") redeemed (the "Redemption") each share of its Series A Liberty Live common stock, Series B Liberty Live common stock and Series C Liberty Live common stock for one share of the corresponding series of Liberty Live Group common stock of Liberty Live Holdings, Inc. (the "Issuer").
F2 Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Live Group common stock.
F3 In connection with the Redemption, all restricted stock units held by the reporting person with respect to Liberty Media's Liberty Live common stock (each, a "Live RSU") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the Live RSUs were granted, such that each Live RSU was exchanged for a restricted stock unit with respect to an equivalent number of shares of the corresponding series of the Issuer's Liberty Live Group common stock. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
F4 In connection with the Redemption, all option awards held by the reporting person with respect to Liberty Media's Liberty Live common stock (each, a "Live Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the Live Awards were granted, such that each Live Award was exchanged for an option to purchase an equivalent number of shares of the corresponding series of the Issuer's Liberty Live Group common stock. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Exchange Act.
F5 This option award vests in five substantially equal installments on March 14, 2026, 2027, 2028, 2029 and 2030.
F6 This option award will vest in accordance with the following schedule: (i) 25% of the award will vest in four substantially equal tranches on December 3, 2026, 2027, 2028 and 2029; (ii) 25% of the award will vest in three substantially equal tranches on December 3, 2027, 2028 and 2029; (iii) 25% of the award will vest in two substantially equal tranches on December 3, 2028 and 2029; and (iv) 25% of the award will vest on December 3, 2029.