Liberty Broadband (LBRDK) CEO Patterson Disposes Shares in Merger

What Happened

• Patterson Martin Edward, President and CEO of Liberty Broadband (LBRDK), reported multiple dispositions on August 19, 2026 tied to the company’s merger with Charter. The filing lists dispositions of 270, 225 and 12,085 shares of common stock and derivative dispositions of 3,804; 4,688; 3,428; and 8,159 option-related units — a total of 32,659 shares/options. Each line shows a unit price of $0.00 and $0 total proceeds, reflecting conversion/cancellation terms of the merger rather than open-market sales.

Key Details

• Transaction date: August 19, 2026 (Merger effective date). Filing date: August 20, 2026.
• Reported disposals (by line): 270; 225; 12,085; 3,804 (derivative); 4,688 (derivative); 3,428 (derivative); 8,159 (derivative). Total = 32,659 units.
• Reported value: $0.00 per unit; $0 total proceeds.
• Shares owned after transaction: not provided in the excerpt of the filing.
• Notable footnotes: F1–F2 describe conversion of common and preferred shares under the Merger Agreement (common shares converted into 0.2360 Charter Class A shares; cash paid in lieu of fractional shares). F3 notes certain options were fully exercisable; F4 states some stock options were cancelled for no consideration immediately prior to the Merger.
• Timeliness: Filing was made the day after the Merger effective date (no late filing flag indicated).

Context

• These were not open-market sales but transactions resulting from the Agreement and Plan of Merger with Charter (effective Aug 19, 2026). Under the merger, Liberty Broadband shares and certain options were converted, cancelled, or settled according to the Merger Agreement; fractional-share cash payments were used where applicable.
• Because proceeds are $0 and actions were driven by corporate merger terms (including option cancellations), this filing should not be read as a routine insider market sale or clear signal of the CEO’s market view.