CHANG LISA 4

What Happened
Lisa Chang, a director of Frontier Communications Parent, Inc. (FYBR), reported dispositions to the issuer on January 20, 2026 totaling 28,237 shares (23,802 + 4,435). Under the merger agreement with Verizon, each Frontier share was converted into the right to receive $38.50 in cash, so these surrendered shares generated approximately $1,087,124.50. This was a merger-related cash-out (disposition to the issuer), not an open-market sale.

Key Details

• Transaction date: January 20, 2026 (Effective Time of the merger).
• Reported disposition entries: 23,802 shares and 4,435 shares (total 28,237 shares).
• Cash consideration: $38.50 per share, total ≈ $1,087,124.50.
• Transaction code: Disposition to issuer (D); Form 4 shows price as N/A because shares were converted under the merger terms.
• RSUs: Outstanding restricted stock units vested and were canceled at the Effective Time, with holders entitled to the same $38.50/share cash payment (per filing footnote).
• Shares owned after transaction: The filing reflects the merger conversion of outstanding shares to cash; common shares were converted at the Effective Time (i.e., no remaining outstanding public common shares).
• Filing timeliness: Reported on Form 4 filed Jan 22, 2026 for a Jan 20, 2026 event — filed promptly following the transaction.

Context
These transactions stem from the January 20, 2026 closing of the merger in which Verizon acquired Frontier and converted outstanding common shares (and vested RSUs) into cash at $38.50/share. Such merger-driven dispositions are routine corporate actions and should not be interpreted as a personal trading signal about the company's prospects.