Liberty Broadband (LBRDK) Director Wargo J. David Disposes Shares in Merger

What Happened
Wargo J. David, a director of Liberty Broadband Corp (LBRDK), had multiple dispositions to the issuer on August 19, 2026 totaling 60,914 shares. Each listed disposition shows $0.00 proceeds because these were merger-related conversions/cancellations under the Merger Agreement with Charter, not open-market sales. Per the filing, Liberty Broadband merged into a Charter subsidiary on August 19, 2026 and outstanding Liberty Broadband shares were converted into Charter Class A shares (or cancelled), with cash paid only for fractional shares.

Key Details

• Transaction date: 2026-08-19 (Form 4 filed 2026-08-20) — appears timely.
• Dispositions reported (individual pieces): 12,150; 20,057; 471; 1,452; 4,484*; 3,949*; 5,681*; 6,486*; 6,184* (asterisked items were derivative-related). Total disposed: 60,914 shares.
• Price/proceeds: $0.00 reported for each disposition (no cash proceeds shown).
• Shares owned after transaction: not specified in the excerpted transactions.
• Notable footnotes:
  • F1: Each Liberty Broadband common share converted into 0.2360 of a share of Charter Class A common stock at the effective time of the Merger; cash was paid in lieu of fractional shares.
  • F2: Reporting person disclaims beneficial ownership of shares owned by spouse.
  • F3/F4: Some derivative items relate to stock options; options were fully exercisable (F3) and certain Liberty Broadband options were cancelled for no consideration immediately prior to the Merger (F4).

Context
These are merger-driven dispositions — effectively conversion or cancellation of Liberty Broadband equity as part of the Agreement and Plan of Merger with Charter — not routine insider sales or open-market transactions. The $0 proceeds reflect that holders received Charter stock (per the 0.2360 conversion rate) or had options cancelled per the merger terms; fractional share cashouts were handled separately. For retail investors, merger-related conversions indicate corporate structural change rather than a director making a market-timed sale.