Liberty Capital (GLIBK) 10% Owner John C. Malone Exercises Options

What Happened
John C. Malone, a 10% owner of Liberty Capital Corp/NV (GLIBK), settled three components of a previously disclosed zero‑cost collar on Aug 18–20, 2026. Each component covered 13,200 shares of the issuer’s Series C GCI Group Common Stock; the collar was cash‑settled and Malone received cash payments rather than shares. The three cash receipts were $54,516 (Aug 18), $55,572 (Aug 19) and $61,248 (Aug 20), totaling $171,336. The related written call options for those components expired unexercised.

Key Details

• Transaction types: Exercise (X) of in‑the‑money derivative and Expiration (E) of the offsetting derivative (collar components), reported as derivative disposals at $0.00 (cash settlement).
• Dates and amounts:
  • Aug 18, 2026 — $54,516 received (first component; related call expired unexercised)
  • Aug 19, 2026 — $55,572 received (second component; related call expired unexercised)
  • Aug 20, 2026 — $61,248 received (third component; related call expired unexercised)
• Total cash received for these three components: $171,336.
• Collar details: The zero‑cost collar covers 200,000 shares in 15 sequential components (first five components = 13,200 shares each; last ten = 13,400 shares each), maturing Aug 18–Sep 8, 2026. These were the first three components to settle.
• Shares owned after transaction: Not specified in the provided excerpt.
• Filing: Form 4 filed Aug 20, 2026 reporting transactions occurring Aug 18–20, 2026 (appears timely based on dates provided).

Context
A zero‑cost collar combines selling covered calls and buying protective puts; only one side can be in the money at expiration. In this case the collar components were cash‑settled (Malone received cash for the in‑the‑money leg) and the related call options expired unexercised. As a 10% owner (not necessarily an executive), these derivative settlements reflect prearranged hedging activity rather than a straightforward open‑market buy or sell.