Liberty Broadband (LBRDK) Director Gregg Engles Disposes 17,177 Shares in Merger

What Happened
Gregg L. Engles, a director of Liberty Broadband Corp (LBRDK), disposed of a total of 17,177 securities on August 19, 2026 as part of the company’s merger with Charter. The filing shows four dispositions: 4,097 shares (common) and three derivative dispositions of 4,494, 3,949 and 4,637 units. All dispositions show $0.00 per security and $0 total proceeds — these were merger-related conversions/cancellations, not open-market sales.

Key Details

• Transaction date: August 19, 2026; Form 4 filed August 20, 2026 (timely within the 2-business-day rule).
• Disposed amounts: 4,097; 4,494 (derivative); 3,949 (derivative); 4,637 (derivative) — total 17,177.
• Reported price/value: $0.00 per security; $0 total proceeds (merger conversion/cancellation).
• Footnotes of note:
  • F1: Series C common shares were converted at the merger into 0.2360 shares of Charter Class A common stock (cash paid for any fractional shares).
  • F2: The referenced options were fully exercisable.
  • F3: Certain stock options were cancelled for no consideration pursuant to the Merger Agreement.
• Shares owned after transaction: not specified in the excerpts provided in this summary.

Context

• These transactions were part of the Agreement and Plan of Merger (effective Aug 19, 2026) that converted and/or cancelled Liberty Broadband securities as Liberty Broadband became a wholly owned subsidiary of Charter and then was merged upstream.
• Because the dispositions were merger-related conversions/cancellations (no cash received), they are not the same as an insider selling shares into the market and should be interpreted as corporate transaction mechanics rather than a personal liquidity decision.