GOULD PAUL A 4

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

AI-generated summary of this filing

Updated Jun 25, 2026

Liberty Global Director Paul Gould Receives Awards, Exercises Options

What Happened

Paul A. Gould, a director of Liberty Global Ltd. (tickers LBTYA / LBTYB / LBTYK), received awards (restricted share units and share-fund units) and completed exercises/conversions of derivative awards on June 23, 2026. The filing shows grants/awards totaling 36,084 units (5,230 + 5,230 + 12,812 + 12,812). It also shows exercise/conversion activity in 5,809-share increments (multiple entries) that resulted in equal numbers of shares acquired and disposed (net zero change from those specific entries). Most grants show no cash price ($0.00 or N/A), consistent with awards/vested RSUs rather than open-market purchases.
These transactions represent receipt/vesting and derivative conversion rather than an open‑market buy or sale. Receipt of awards is not the same as a director buying shares on the market and does not necessarily signal a personal cash investment.

Key Details

Transaction date: 2026-06-23; Form 4 filed: 2026-06-25 (timely, within normal reporting window).
Awards granted/vested: total 36,084 units (two grants of 5,230 and two of 12,812); two 12,812 entries reported at $0.00.
Exercises/conversions: entries of 5,809 shares listed as exercised/converted with matching disposed and acquired entries (net effect zero for those line items).
Shares owned after the transactions: not specified in this filing.
Notable footnotes:
- F1: Each RSU represents a right to receive one Class A or Class C share.
- F4: The RSUs vested in full on the date of the issuer’s 2026 annual general meeting.
- F3: An option referenced vests in three equal annual installments beginning at the 2027 AGM.
- F5: Share fund units are economic equivalents payable in shares under the Director Deferred Compensation Plan.
No indication of a 10b5-1 plan, open-market sale, or late filing in this report.

Context

These are award/derivative transactions (vesting and exercise/conversion). For retail investors: award receipts and vested RSUs increase reported holdings but are different from a director buying stock with cash — they are typically part of compensation. The exercise/conversion lines appear to reflect internal conversion of derivative instruments rather than immediate cash sales. The filing does not disclose a cash sale or open-market purchase related to these entries.

Form 4

Period: 2026-06-23

Director

Transactions

Award
Restricted Share Units A
[F1][F2]
2026-06-23+5,230→ 5,230 total
→ Class A Common Shares (5,230 underlying)
Award
Restricted Share Units C
[F1][F2]
2026-06-23+5,230→ 5,230 total
→ Class C Common Shares (5,230 underlying)
Award
Share Option A (right to buy)
[F3]
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)
[F3]
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][F4]
2026-06-23−5,809→ 0 total
→ Class A Common Shares (5,809 underlying)
Exercise/Conversion
Restricted Share Units C
[F1][F4]
2026-06-23−5,809→ 0 total
→ Class C Common Shares (5,809 underlying)
Exercise/Conversion
Class A Share Fund Units
[F5]
2026-06-23+5,809→ 27,752 total
→ Class A Common Shares (5,809 underlying)
Exercise/Conversion
Class C Share Fund Units
[F5]
2026-06-23+5,809→ 42,790 total
→ Class C Common Shares (5,809 underlying)

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 RSUs will vest in full on the date of the Issuer's 2027 annual general meeting.
[F3]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.
[F4]The RSUs vested in full on the date of the Issuer's 2026 annual general meeting.
[F5]The share fund units represent the economic equivalent of one share of the corresponding class of the Issuer's common shares. The share fund units confer no voting or other rights of stock ownership. The share fund units will be payable, in shares of the corresponding class of the Issuer's common shares, in accordance with the Director Deferred Compensation Plan.

Signature

/s/ Colton Lyons, Attorney-in-Fact|2026-06-25

1 file