Liberty Broadband (LBRDK) CAO Brian Wendling Exercises RSUs, Shares Withheld

What Happened

• Brian J. Wendling, Chief Accounting Officer / Principal Financial Officer of Liberty Broadband (LBRDK), converted 1,461 restricted stock units (RSUs) into 1,461 shares on August 10, 2026. The conversion is reported as an exercise/conversion of derivatives at $0.00 (typical for RSU vesting).
• As tax withholding to cover tax liabilities, 498 shares were surrendered/disposed at an indicated withholding value of $35.88 per share, totaling $17,868. The filing also shows the derivative units extinguished upon conversion.

Key Details

• Transaction date: August 10, 2026; Form 4 filed August 12, 2026 (appears timely).
• RSUs converted: 1,461 shares acquired (conversion at $0.00).
• Shares withheld for taxes: 498 shares disposed at $35.88/share for $17,868 total (tax withholding).
• Post-transaction shares owned: not provided in the data supplied.
• Relevant footnotes:
  • F1: Each restricted stock unit converted into one share of Series C Common Stock.
  • F2: Each restricted stock unit represented a contingent right to one share.
  • F3: Merger agreement with Charter Communications includes an acceleration provision; parties consented to permit Acceleration within 10 business days of August 19, 2026.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = tax withholding via share surrender.

Context

• This was a conversion/vesting of RSUs with a routine share withholding to satisfy tax obligations — a common, administrative outcome of equity awards rather than an open-market sale or purchase. The withholding of shares to cover taxes is effectively a cashless method to satisfy required tax liabilities and does not necessarily signal the insider's market view.