Liberty Broadband Corp 4

What Happened
Liberty Broadband Corp, a 10% owner of Charter Communications (CHTR), accepted for cash repurchase the full $965,000,000 original principal amount of its 3.125% senior debentures due 2053. These debentures were exchangeable into Charter Class A shares at a ratio of 1.8901 shares per $1,000 principal but were payable only in cash based on the value of the stock. Holders will be paid $1,000 per $1,000 principal plus accrued and unpaid interest of $0.5208 on April 6, 2026.

Key Details

• Transaction date: April 1, 2026 (repurchase accepted); payment date: April 6, 2026.
• Aggregate principal repurchased: $965,000,000.
• Payment per $1,000 principal: $1,000 plus $0.5208 accrued interest.
• Debenture terms: 3.125% senior debentures due March 31, 2053; exchangeable at 1.8901 shares per $1,000 but settled only in cash. (Footnotes F1–F4)
• Form filed: April 3, 2026 (covers period of report April 1, 2026) — appears timely.
• Filing party: Liberty Broadband Corp (a 10% owner), i.e., an institutional issuer action, not an individual executive trade. No share counts or share-price transactions reported on this Form 4.

Context
This is a corporate debt repurchase/cash settlement of exchangeable debentures rather than a buy or sale of Charter shares by an insider. Because the debentures were cash-settled (not physical share delivery), this transaction does not directly change Liberty’s or other holders’ Charter share holdings. For retail investors: this is a financing/debt action by the issuer and should be viewed as a capital-structure event, not an insider signaling buy/sell of stock.