Salvato Andrea 4

What Happened

• Andrea Salvato, Executive Vice President & Chief Development Officer of Liberty Global (tickers LBTYA/LBTYB/LBTYK), had a group of restricted share units (RSUs) convert into common shares on May 1, 2026. The filing shows a total of 239,438 RSUs converted (SEC transaction code M).
• To satisfy tax withholding obligations (SEC code F), 24,118 shares were withheld at $11.96 for $288,451 and 32,153 shares were withheld at $11.77 for $378,441 — total cash value withheld = $666,892. After withholding, approximately 183,167 shares were delivered to Salvato (239,438 converted minus 56,271 withheld).
• These actions reflect vesting/settlement of awards, not an open-market sale or new purchase.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (timely filed within the 2-business-day window).
• Conversion total: 239,438 RSUs converted to shares (codes = M). Tax withholding: 56,271 shares surrendered (codes = F) at $11.96 and $11.77.
• Cash value withheld to cover taxes: $288,451 + $378,441 = $666,892.
• Shares owned after the transaction: not specified in this Form 4.
• Footnotes: F1 = each RSU converts to one Class A or Class C share as applicable; F2 = some RSUs vest in full on May 1, 2026; F3/F4 = other RSUs vest in three equal annual installments beginning May 1, 2025 or May 1, 2026.
• Trading symbols referenced: LBTYA, LBTYB, LBTYK.
• Transaction codes explained: M = exercise/conversion of derivative (here, RSU settlement); F = payment of exercise price or tax withholding (shares surrendered).

Context

• This filing documents routine RSU vesting and share-withholding to cover tax liabilities (a common "net settlement" approach). It is not an open-market sale that would signal divestment; nor is it a purchase indicating a direct bullish buy by the insider.