Liberty Capital (GLIBK) 10% Owner John Malone Exercises Collar

What Happened
John C. Malone, a reported 10% owner of Liberty Capital Corp/NV (GLIBK), had three sequential components of a previously disclosed zero‑cost collar settle in cash on Aug 26–28, 2026. Each component referenced 13,400 shares of underlying Series C GCI Group common stock. The Form 4 shows expirations (E) of short derivative positions and exercises (X) of in‑the‑money options with $0 per‑share/zero reported cash proceeds for the derivative line items because these collar components were cash‑settled. Malone received cash payments of $51,054 (Aug 26), $53,734 (Aug 27) and $55,476 (Aug 28); the related call options expired unexercised for these components.

Key Details

• Transaction dates and amounts: Aug 26, 2026 — $51,054; Aug 27, 2026 — $53,734; Aug 28, 2026 — $55,476.
• Form entries list expirations (E) and exercises (X) each referencing 13,400 shares (disposed) with $0 per‑share reported because the collar settled in cash.
• Shares owned after transaction: not specified in this Form 4 filing.
• Notable footnotes: the zero‑cost collar (disclosed July 15, 2025) consists of 15 components maturing on sequential trading days (some components 13,200 shares, others 13,400). Only one side (put or call) can be in the money at each expiration; collars are cash‑settled unless physical settlement is elected (F1–F5).
• Filing timeliness: no late filing indicated in the document.

Context
This was a derivative/collar settlement (hedging activity), not an open‑market sale of shares. For each component, either the put or call can be in the money at expiration; in these three components Malone received cash and the related calls expired unexercised. As a 10% owner, these transactions reflect prearranged derivative settlements rather than straightforward insider buys or sales of stock.