WARGO J DAVID 4

What Happened

• J. David Wargo, a director of Liberty Broadband (LBRDK), reported sales totaling 25,000 shares on Feb 18, 2026. The filing lists two dispositions: 7,000 shares at a weighted average price of $55.37 (reported value $387,602) and 18,000 shares at a weighted average price of $55.54 (reported value $999,797). Combined proceeds reported are approximately $1,387,399. The Form 4 describes these as open-market or private sales (transaction code S).

Key Details

• Transaction date: February 18, 2026 (reported on Form 4 filed February 23, 2026)
• Share details and price ranges:
  • 7,000 shares — weighted average $55.37; individual trades ranged from $54.9607 to $55.8730 (footnote F1).
  • 18,000 shares — weighted average $55.54; individual trades ranged from $55.0500 to $56.0121 (footnote F2).
• Reported proceeds: $387,602 and $999,797 respectively; total ≈ $1.39M.
• Shares owned after the transaction: not specified in the information you supplied (the Form 4 filing should list post-transaction holdings).
• Footnote F3: the reporting person disclaims beneficial ownership of certain shares owned by his spouse (as noted in the filing).
• Filing timeliness: The Form 4 was filed 5 days after the transaction (Feb 18 → Feb 23). Form 4s are normally due within two business days of the transaction, so this appears to be a late filing.

Context

• These are sales (S), which are common and can occur for many reasons (liquidity, portfolio rebalancing, tax planning, etc.); sales do not by themselves indicate the director’s view on the company’s prospects. The filing notes multiple transactions at slightly different prices (weighted averages and ranges provided); the reporting person offers to supply a breakdown of the individual trade prices on request.