GCI Liberty, Inc. (GLIBA) director reports exercise of 436 Series C rights

Rhea-AI Filing Summary

GCI Liberty, Inc. director Richard R. Green reported exercising subscription rights to acquire 436 shares of Series C GCI Group Common Stock at an exercise price of $27.2 on December 11, 2025.

After this transaction, he beneficially owned 1,980 Series C shares directly and 126 shares held by his spouse, and he disclaims beneficial ownership of the spouse’s shares.

The subscription rights relate to a rights offering for Series C GCI Group Common Stock 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 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

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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^*

Green Richard R

(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		436	A	$27.2	1,980	D
Series C GCI Group Common Stock								126	I	By Spouse(1)

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(2)	$27.2	12/11/2025		M			436	(3)	(4)	Series C GCI Group Common Stock	436	$0.0000	41	D
Subscription Right (Right to Buy) - GLIBK(2)	$27.2							(3)	(4)	Series C GCI Group Common Stock	62		62	I	By Spouse(1)

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of these securities owned by his spouse.

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

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

4. 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 Richard R. Green	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.
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FAQ

What insider transaction did GCI Liberty, Inc. (GLIBA) report in this filing?

The filing reports that director Richard R. Green exercised subscription rights to acquire 436 shares of Series C GCI Group Common Stock on December 11, 2025 at an exercise price of $27.2.

How many GCI Liberty (GLIBA) Series C shares does the director own after the transaction?

Following the reported transaction, the director beneficially owned 1,980 Series C GCI Group Common Stock shares directly and 126 additional shares held by his spouse.

Does the GCI Liberty (GLIBA) director claim beneficial ownership of shares held by his spouse?

No. The filing states that the reporting person disclaims beneficial ownership of the Series C GCI Group Common Stock shares that are owned by his spouse.

What is the exercise price of the GCI Liberty (GLIBA) subscription rights used in this transaction?

The subscription rights reported in the filing have a conversion or exercise price of $27.2 for Series C GCI Group Common Stock.

When does the GCI Liberty (GLIBA) rights offering for Series C shares start and end?

The rights offering for Series C GCI Group Common Stock 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.

Can the GCI Liberty (GLIBA) rights offering be changed or terminated?

Yes. The filing states that the rights offering is subject to termination or extension by the issuer at any time prior to consummation.