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Liberty Global Ltd.·4

Jun 25, 5:37 PM ET

WARGO J DAVID 4

4 · Liberty Global Ltd. · Filed Jun 25, 2026

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Liberty Global Director J. David Wargo Receives RSUs, Exercises Options

What Happened J. David Wargo, a director of Liberty Global Ltd. (tickers LBTYA / LBTYB / LBTYK), had multiple derivative transactions on June 23, 2026. The filing shows exercises/conversions and awards/grants of derivative securities (RSUs/options). Specifically, the filing lists two exercise/conversion acquisitions of 5,809 shares (each) and two matching disposals of 5,809 shares (each), plus grants/awards totaling 36,084 derivative units (5,230 shares twice and 12,812 shares twice, the latter reported at $0.00). Exercises and disposals offset each other (11,618 acquired and 11,618 disposed), resulting in a net increase of 36,084 RSU/derivative units. No cash consideration or market value was reported for the grants (prices listed as N/A or $0.00).

Key Details

  • Transaction date: 2026-06-23; Form 4 filed 2026-06-25 (timely filing).
  • Reported entries:
    • Exercises/conversions (code M): 5,809 shares acquired (x2) and 5,809 shares disposed (x2).
    • Grants/awards (code A, derivative/RSU): 5,230 shares (x2, N/A) and 12,812 shares (x2, $0.00).
  • Net change from these entries: +36,084 RSU/derivative units.
  • Footnotes of interest:
    • F1: Each RSU represents a right to one Class A or Class C common share.
    • F3/F4/F5: Some RSUs vested in full on the Issuer’s 2026 annual meeting (F5); other RSUs will vest on the 2027 annual meeting (F3); an option vests in three equal annual installments beginning at the 2027 annual meeting (F4).
    • F2: The reporting person disclaims beneficial ownership of these securities.
  • Shares owned after transaction: not specified in the provided excerpt.
  • Trading symbols: LBTYA, LBTYB, LBTYK.

Context

  • These are primarily derivative transactions (RSUs and option-related conversions). RSUs are awards that convert into common shares according to vesting rules; the filing indicates some RSUs already vested and others vest in future annual meetings. The exercises paired with immediate disposals in the filing are consistent with routine post-exercise transfers (e.g., cashless exercise or transfer for tax withholding), but the filing itself does not state the reason.

Insider Transaction Report

Form 4
Period: 2026-06-23
Liberty Global Ltd.LBTY
WARGO J DAVID
Director
Transactions
  • Exercise/Conversion

    Class A Common Shares

    [F1]
    2026-06-23+5,809→ 59,685 total
  • Exercise/Conversion

    Class C Common Shares

    [F1]
    2026-06-23+5,809→ 120,441 total
  • Award

    Restricted Share Units A

    [F1][F3]
    2026-06-23+5,230→ 5,230 total
    → Class A Common Shares (5,230 underlying)
  • Award

    Restricted Share Units C

    [F1][F3]
    2026-06-23+5,230→ 5,230 total
    → Class C Common Shares (5,230 underlying)
  • Award

    Share Option A (right to buy)

    [F4]
    2026-06-23+12,812→ 12,812 total
    Exercise: $11.21Exp: 2036-06-23→ Class A Common Shares (12,812 underlying)
  • Award

    Share Option C (right to buy)

    [F4]
    2026-06-23+12,812→ 12,812 total
    Exercise: $10.78Exp: 2036-06-23→ Class C Common Shares (12,812 underlying)
  • Exercise/Conversion

    Restricted Share Units A

    [F1][F5]
    2026-06-23−5,809→ 0 total
    → Class A Common Shares (5,809 underlying)
  • Exercise/Conversion

    Restricted Share Units C

    [F1][F5]
    2026-06-23−5,809→ 0 total
    → Class C Common Shares (5,809 underlying)
Holdings

  • Class C Common Shares

    [F2]
    (indirect: By Spouse)
    32
Footnotes (5)
  • [F1]Each Restricted Share Unit ("RSU") represents a right to receive one share of Issuer's Class A common shares or Class C common shares, as the case may be.
  • [F2]The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
  • [F3]The RSUs will vest in full on the date of the Issuer's 2027 annual general meeting.
  • [F4]The option vests in three equal annual installments commencing on the date of the Issuer's 2027 annual general meeting of shareholders and on the date of each annual general meeting of shareholders thereafter.
  • [F5]The RSUs vested in full on the date of the Issuer's 2026 annual general meeting.
Signature
/s/ Colton Lyons, Attorney-in-Fact|2026-06-25

Documents

1 file
  • 4
    wk-form4_1782423417.xmlPrimary

    FORM 4