Patterson Martin Edward 4

Accession 0001225208-25-006745

CIK 0001611983other

View on SEC.gov Company Profile

Filed

Jul 22, 8:00 PM ET

Accepted

Jul 23, 6:02 PM ET

Size

26.5 KB

Accession

0001225208-25-006745

Insider Transaction Report

Form 4

Period: 2025-07-17

Liberty Broadband CorpLBRDK

Patterson Martin Edward

President and CEO

Transactions

Other
Stock Option - LBRDK (Right to Buy)
2025-07-17+3,428→ 3,428 total
Exercise: $71.17Exp: 2030-12-11→ Series C Common Stock (3,428 underlying)
Other
Stock Option - LBRDK (Right to Buy)
2025-07-17−7,595→ 0 total
Exercise: $77.68Exp: 2030-12-13→ Series C Common Stock (7,595 underlying)
Other
Stock Option - LBRDK (Right to Buy)
2025-07-17+3,804→ 3,804 total
Exercise: $108.82Exp: 2027-12-10→ Series C Common Stock (3,804 underlying)
Other
Stock Option - LBRDK (Right to Buy)
2025-07-17−3,191→ 0 total
Exercise: $76.45Exp: 2030-12-11→ Series C Common Stock (3,191 underlying)
Other
Restricted Stock Units-LBRDK
2025-07-17−771→ 0 total
Exp: 2026-12-09→ Series C Common Stock (771 underlying)
Other
Stock Option - LBRDK (Right to Buy)
2025-07-17−4,364→ 0 total
Exercise: $118.43Exp: 2027-12-10→ Series C Common Stock (4,364 underlying)
Other
Stock Option - LBRDK (Right to Buy)
2025-07-17+8,159→ 8,159 total
Exercise: $72.31Exp: 2030-12-13→ Series C Common Stock (8,159 underlying)
Other
Stock Option - LBRDK (Right to Buy)
2025-07-17−3,541→ 0 total
Exercise: $116.90Exp: 2027-12-10→ Series C Common Stock (3,541 underlying)
Other
Restricted Stock Units-LBRDK
2025-07-17+828→ 828 total
→ Series C Common Stock (828 underlying)
Other
Stock Option - LBRDK (Right to Buy)
2025-07-17+4,688→ 4,688 total
Exercise: $110.24Exp: 2027-12-10→ Series C Common Stock (4,688 underlying)

Footnotes (7)

[F1]Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.
[F2]On July 14, 2025, Liberty Broadband Corporation completed the spin-off of GCI Liberty, Inc. (the "Spin-Off"), which was effected by the distribution to each holder of its common stock as of 5:00 p.m., New York City time, on June 30, 2025, of 0.20 of a share of GCI Liberty, Inc.'s Series A, Series B and Series C GCI Group common stock for each whole share of the corresponding series of Liberty Broadband Corporation's common stock, with cash (with no interest) paid in lieu of fractional shares. In connection with the Spin-Off, all restricted stock unit awards held by the Reporting Person in the Issuer's Series C Common Stock were adjusted in a manner designed to preserve the value associated with the original awards prior to the Spin-Off. The number of shares for each adjusted award was determined on July 17, 2025. Otherwise, such award remains subject to the terms and conditions of the corresponding original award.
[F3]This restricted stock unit award vests in two substantially equal installments on December 9, 2025 and 2026.
[F4]In connection with the Spin-Off, all stock options held by the Reporting Person in the Issuer's Series C Common Stock were adjusted in a manner designed to preserve the value associated with the original awards prior to the Spin-Off. The number of shares and the exercise price for each adjusted award were determined on July 17, 2025. Otherwise, such award remains subject to the terms and conditions of the corresponding original award.
[F5]This option award is fully exercisable.
[F6]This option award vests in three substantially equal installments on December 11, 2024, 2025, and 2026.
[F7]Represents a retention grant which vested 50% on December 13, 2024 and will vest 25% on December 13, 2025 and 2026, subject to the Reporting Person's continued service to the Issuer through the applicable vesting dates.

Documents

1 file

4
doc4.xmlPrimary

Issuer

Liberty Broadband Corp

CIK 0001611983

→

Entity typeother

Related Parties

filerCIK 0001848881

Filing Metadata

Form type: 4
Filed: Jul 22, 8:00 PM ET
Accepted: Jul 23, 6:02 PM ET
Size: 26.5 KB

View on SEC.gov