GCI Liberty (GLIBA) director exercises rights for 1,549 GLIBK shares in offer

Rhea-AI Filing Summary

GCI Liberty, Inc. director Larry E. Romrell reported an insider transaction involving Series C GCI Group common stock on 12/11/2025.

He exercised subscription rights with an exercise price of $27.2 per share to acquire 1,549 shares, bringing his directly held stake in this series to 4,557 shares after the transaction. The related derivative subscription rights were fully exercised, with no derivative securities reported as owned afterward. The rights offering began on November 26, 2025 and is scheduled to expire at 5:00 p.m. New York City time on December 17, 2025, unless extended or terminated by the company.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ROMRELL LARRY E

(Last) (First) (Middle)

12300 LIBERTY BOULEVARD

(Street)

ENGLEWOOD CO 80112

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GCI Liberty, Inc. [ GLIBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Series C GCI Group Common Stock	12/11/2025		M		1,549	A	$27.2	4,557	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Subscription Right (Right to Buy) - GLIBK(1)	$27.2	12/11/2025		M			1,549	(2)	(3)	Series C GCI Group Common Stock	1,549	$0.0000	0.0000	D

Explanation of Responses:

1. The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

2. The rights offering commenced on November 26, 2025.

3. The rights offering will expire at 5:00 p.m., New York City time, on December 17, 2025 unless extended by the Issuer.

	/s/ Brittany A. Uthoff as Attorney-in-Fact for Larry E. Romrell	12/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did GCI Liberty (GLIBA) disclose in this Form 4?

The filing shows that director Larry E. Romrell exercised subscription rights on 12/11/2025 to acquire 1,549 shares of Series C GCI Group common stock.

At what price were the new GCI Liberty Series C GCI Group shares acquired?

The shares were acquired by exercising subscription rights with an exercise price of $27.2 per share for the Series C GCI Group common stock.

How many GCI Liberty Series C GCI Group shares does the director own after this transaction?

Following the reported transaction, Larry E. Romrell beneficially owns 4,557 shares of Series C GCI Group common stock, held directly.

What happened to the subscription rights reported by the GCI Liberty director?

The filing reports a transaction code M for a Subscription Right (Right to Buy) - GLIBK, indicating the rights were exercised, with 1,549 underlying shares of Series C GCI Group common stock delivered and no derivative securities remaining afterward.

What are the key dates of the GCI Liberty rights offering mentioned in the filing?

The rights offering commenced on November 26, 2025 and will expire at 5:00 p.m., New York City time, on December 17, 2025, unless extended or terminated by GCI Liberty.

What is the reporting person’s relationship to GCI Liberty in this Form 4?

The reporting person, Larry E. Romrell, is identified as a Director of GCI Liberty, Inc., and the Form 4 is filed by one reporting person.