GCI Liberty (GLIBA) reports 696 GLIBK shares via rights offering exercise

Rhea-AI Filing Summary

GCI Liberty, Inc. reported that Chief Legal/Admin Officer Renee L. Wilm exercised subscription rights to acquire 696 shares of Series C GCI Group common stock (GLIBK) on December 11, 2025 at an exercise price of $27.2 per share. Following this transaction, she beneficially owned 2,509 shares directly. The derivative subscription rights covering 696 underlying shares were fully exercised, leaving no derivative securities outstanding. These rights were issued in a rights offering that commenced on November 26, 2025 and is scheduled to expire at 5:00 p.m., New York City time, on December 17, 2025, unless terminated or extended by the issuer.

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^*

Wilm Renee L

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal/Admin Officer

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		696	A	$27.2	2,509	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			696	(2)	(3)	Series C GCI Group Common Stock	696	$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 Renee L. Wilm	12/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did GCI Liberty's officer report in this Form 4 for GLIBA?

Renee L. Wilm, Chief Legal/Admin Officer of GCI Liberty, Inc., reported exercising subscription rights to acquire 696 shares of Series C GCI Group common stock (GLIBK) on December 11, 2025 at an exercise price of $27.2 per share.

How many GCI Liberty Series C GCI Group common shares did Renee L. Wilm own after the transaction?

After exercising the subscription rights, Renee L. Wilm beneficially owned 2,509 shares of Series C GCI Group common stock directly.

What was the exercise price of the GLIBK subscription rights reported in the Form 4?

The subscription rights (Right to Buy) - GLIBK were exercised at a conversion or exercise price of $27.2 per share of Series C GCI Group common stock.

When did GCI Liberty's GLIBK rights offering begin and when does it expire?

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 by the issuer. It is also stated that the rights offering is subject to termination or extension by the issuer at any time prior to consummation.

What derivative security was involved in this GCI Liberty Form 4 filing?

The filing reports a Subscription Right (Right to Buy) - GLIBK as the derivative security. These subscription rights entitled the holder to acquire 696 shares of Series C GCI Group common stock, which were exercised on December 11, 2025.

Is this GCI Liberty Form 4 filed by one reporting person or multiple persons?

The document indicates that the Form is filed by one reporting person, not by more than one reporting person.