WERNER ANTHONY G 4

What Happened

• Anthony G. Werner, a director of Liberty Global Ltd. (tickers LBTYA/LBTYB/LBTYK), had multiple derivative transactions reported for 2026-06-23. The filing shows RSU awards totaling 36,084 units (two grants of 5,230 each and two grants of 12,812 each) and option exercise/conversion entries of 11,618 shares (5,809 + 5,809) acquired and an equal 11,618 shares disposed. The RSU grants list $0.00 as the acquisition price; the exercise/conversion entries report N/A for price and value.

Key Details

• Transaction date(s): June 23, 2026; Form 4 filed June 25, 2026 (timely filing).
• Grants: 5,230 + 5,230 + 12,812 + 12,812 = 36,084 RSUs; listed at $0.00 acquisition price for the 12,812 items.
• Option exercise/conversion: 5,809 + 5,809 = 11,618 shares acquired and 11,618 shares disposed (equal acquired and disposed amounts).
• Shares owned after the transactions: not specified in the filing excerpt provided.
• Relevant footnotes from the filing:
  • Each RSU represents a right to one Class A or Class C share (F1).
  • Some RSUs vested in full on the 2026 annual general meeting (F4); other RSUs are stated to vest in full at the 2027 AGM (F2).
  • The option(s) vest in three equal annual installments beginning at the 2027 AGM (F3).
• Ticker symbols noted in the filing: LBTYA, LBTYB, LBTYK.

Context

• The filing includes both awards (RSUs) and option exercise/conversion activity. The equal numbers of shares acquired and disposed (11,618) for the exercise/conversion entries are consistent with immediate share settlement, tax withholding, or sell-to-cover activity commonly seen when options/RSUs convert to shares, though the filing itself does not state the reason. RSU awards are grants (not open-market purchases) and do not by themselves indicate a buy/sell opinion by the insider.