Liberty Broadband (LBRDK) Director John E. Welsh III Sells Shares

What Happened
John E. Welsh III, a director of Liberty Broadband Corp. (LBRDK), recorded dispositions on August 19, 2026 totaling 26,388 shares (sum of seven line items: 5,000; 3,917; 2,242; 2,961; 2,841; 3,243; 6,184). All transactions are reported as Dispositions to the issuer (code D) with $0.00 proceeds reported. Several of the reported disposals relate to derivative / option holdings rather than open-market sales.

Key Details

• Transaction date: August 19, 2026; Form filed Aug 20, 2026 (timely).
• Reported price/proceeds: $0.00 for each line item; total cash proceeds reported = $0.
• Total shares disposed: 26,388 (includes derivative/option-related items).
• Shares owned after the transaction: not specified in the filing.
• Footnotes of note:
  • F1: Issuer common stock was automatically converted into 0.2360 shares of Charter Communications, Inc. Class A common stock at the effective time of the merger; cash was paid in lieu of fractional shares (no interest).
  • F2: Certain options were fully exercisable.
  • F3: Pursuant to the merger agreement, certain stock options were cancelled for no consideration.
• Filing status: timely (filed the day after the reported transactions).

Context
These dispositions occurred as part of the Agreement and Plan of Merger among Liberty Broadband, Charter and merger subsidiaries, effective August 19, 2026. Under the merger, outstanding Liberty Broadband common shares were converted into Charter Class A shares (per F1), and some issuer stock options were cancelled for no consideration (per F3). The $0 proceeds reflect conversion/cancellation mechanics, not a cash sale on the open market.