HALL BRYAN H 4

What Happened

• Bryan H. Hall, EVP, General Counsel & Secretary of Liberty Global (trading symbols LBTYA/LBTYB/LBTYK), had restricted share units (RSUs) vest and converted/exercised those awards on May 1, 2026. The filing shows two conversion/issuance entries totaling 84,800 shares. To satisfy tax obligations, 37,105 shares were surrendered/withheld (reported as payment of tax liability), generating proceeds of about $439,748 ($190,212 and $249,536). The filing also reports 1,335 shares contributed to his account under the company 401(k) plan.

Key Details

• Transaction date: May 1, 2026; Form filed May 5, 2026 (appears to exceed the standard two-business-day Form 4 reporting window).
• Conversion/exercise entries: 36,346 shares and 48,454 shares (total 84,800 shares) reported as exercised/converted (code M).
• Tax withholding: 15,904 shares withheld at $11.96 ($190,212) and 21,201 shares withheld at $11.77 ($249,536) — total 37,105 shares withheld (~$439,748) (code F).
• Other derivative dispositions: several M-coded derivative dispositions matching 84,800 shares in the filing (representing conversion/settlement mechanics).
• Additional: 1,335 shares received via issuer contribution to the 401(k) plan (footnote F2).
• Shares owned after transaction: not disclosed in the provided excerpt.
• Notable footnotes: some RSUs vested in full on May 1, 2026 (F3); other RSU grants have staggered vesting schedules (F4, F5).

Context

• This is primarily a vesting/conversion of RSUs, not an open-market purchase or discretionary sale. The F-code entries indicate shares were surrendered/withheld to cover tax withholding — a routine administrative step common when RSUs vest (often called a cashless/net-settlement).
• Such withholding/surrenders are not usually interpreted as a directional bet on the stock; they satisfy tax obligations tied to vesting events.
• The filing date (May 5) is later than the transaction date (May 1); insiders are generally required to file Form 4 within two business days, so this appears late based on the dates shown.