Liberty Broadband (LBRDK) CAO Brian Wendling Surrenders 108,754 Shares

What Happened
Brian J. Wendling, Chief Accounting Officer / Principal Financial Officer of Liberty Broadband (LBRDK), had a total of 108,754 shares/derivative interests disposed to the issuer on August 19, 2026. The reported transactions show all dispositions at $0 per share (total proceeds $0) because they were automatic conversions/cancellations in connection with the Merger between Liberty Broadband and Charter Communications. Several reported items were derivative securities (options or preferred/common conversions) that were converted or cancelled per the Merger Agreement.

Key Details

• Transaction date: August 19, 2026 (reported on Form 4 filed August 20, 2026) — filing appears timely.
• Price: $0.00 (no cash proceeds to the insider).
• Total shares/units disposed: 108,754 (breakdown on the filing: 18,277; 15,518; 10,746 (derivative); 16,732 (derivative); 12,098 (derivative); 35,383 (derivative)).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1/F2 — Series A preferred and Series C common were automatically converted into Charter securities (Series A preferred or 0.2360 Charter Class A common, with cash in lieu for fractional shares).
  • F3 — referenced options were fully exercisable.
  • F4 — certain Liberty stock options were cancelled for no consideration at the effective time of the Merger.
• Transaction type: corporate-action disposition (merger-related conversion/cancellation), not an open-market sale.

Context
These transfers reflect merger mechanics under the Agreement and Plan of Merger with Charter (effective Aug 19, 2026): Liberty's securities were converted into Charter securities or cancelled as outlined in the Merger Agreement. Because these were merger-driven conversions/cancellations and reported at $0, they do not represent a voluntary insider sale or purchase and generated no proceeds to the insider.