Malone settles GLIBA option collar on 13,200-share blocks
Liberty Capital Corp/NV (symbol GLIBA) reports that director and ten percent owner John C. Malone recorded cash‑settled activity under a previously disclosed zero‑cost collar on Series C GCI Group Common Stock.
Rhea-AI Filing Summary
Liberty Capital Corp/NV (symbol GLIBA) reports that director and ten percent owner John C. Malone recorded cash‑settled activity under a previously disclosed zero‑cost collar on Series C GCI Group Common Stock. On August 18, 19, and 20, 2026, components of the collar referencing 13,200 shares each settled: the related European put options were exercised and the corresponding call options expired unexercised, all reported as derivative dispositions. The collar covers 200,000 shares in total and is structured so that only one of the paired options can be in the money at each component’s maturity, with settlement in cash unless physical settlement is elected.
Positive
- None.
Negative
- None.
Insider Trade Summary
39,600 shares exercised/converted
Exercise
6 txns
Insider
MALONE JOHN C
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Derivative Expiration | Call option (obligation to sell) F1, F2, F5 | 13,200 | $0.00 | $0.00 |
| In-the-Money Exercise | Put option (right to sell) F1, F2, F5 | 13,200 | $0.00 | $0.00 |
| Derivative Expiration | Call option (obligation to sell) F1, F2, F4 | 13,200 | $0.00 | $0.00 |
| In-the-Money Exercise | Put option (right to sell) F1, F2, F4 | 13,200 | $0.00 | $0.00 |
| Derivative Expiration | Call option (obligation to sell) F1, F2, F3 | 13,200 | $0.00 | $0.00 |
| In-the-Money Exercise | Put option (right to sell) F1, F2, F3 | 13,200 | $0.00 | $0.00 |
Holdings After Transaction:
Call option (obligation to sell) — 160,400 contracts (Direct);
Put option (right to sell) — 160,400 contracts (Direct)
Footnotes (5)
- F1. As previously disclosed by the Reporting Person, on July 15, 2025, the Reporting Person was automatically deemed to have entered into a "zero-cost collar" arrangement with respect to 200,000 shares of the Issuer's Series C GCI Group Common Stock (the "Collar"), pursuant to which he wrote European call options and purchased European put options referencing shares of Series C GCI Group Common Stock. Only one of the options can be in the money on the expiration date, at which time the in-the-money options will be exercised, and the other options will expire. If neither the put options nor the call options are in the money on the expiration date, both the put and call options will expire. The Collar will be settled in cash unless the Reporting Person elects physical settlement.
- F2. The Collar is divided into 15 components, the first 5 of which are with respect to 13,200 shares of Series C GCI Group Common Stock and the last 10 of which are with respect to 13,400 shares, maturing on sequential trading days over the period beginning on August 18, 2026 and ending on September 8, 2026.
- F3. On August 18, 2026, the first component of the Collar settled in cash and the Reporting Person received a cash amount of $54,516. On the same date, the related call option expired unexercised.
- F4. On August 19, 2026, the second component of the Collar settled in cash and the Reporting Person received a cash amount of $55,572. On the same date, the related call option expired unexercised.
- F5. On August 20, 2026, the third component of the Collar settled in cash and the Reporting Person received a cash amount of $61,248. On the same date, the related call option expired unexercised.
Key Figures
Shares per reported collar component: 13,200 shares
Call option strike price: $41.2049 per share
Put option strike price: $30.1500 per share
+5 more
8 metrics
Shares per reported collar component
13,200 shares
Underlying Series C GCI Group Common Stock per component settling August 18–20, 2026
Call option strike price
$41.2049 per share
European call options in the collar on Series C GCI Group Common Stock
Put option strike price
$30.1500 per share
European put options in the collar on Series C GCI Group Common Stock
Cash received on August 18, 2026
$54,516
Settlement of the first collar component in cash; related call expired unexercised
Cash received on August 19, 2026
$55,572
Settlement of the second collar component in cash; related call expired unexercised
Cash received on August 20, 2026
$61,248
Settlement of the third collar component in cash; related call expired unexercised
Total collar size
200,000 shares
Total shares of Series C GCI Group Common Stock referenced by the zero‑cost collar
Number of collar components
15 components
Zero‑cost collar divided into 15 sequential‑maturity components
Key Terms
zero-cost collar, European call options, European put options, in-the-money, +1 more
5 terms
zero-cost collar financial
"the Reporting Person was automatically deemed to have entered into a "zero-cost collar" arrangement"
A zero-cost collar is a hedging strategy where an investor protects a stock holding by buying downside insurance (a put) and offsetting the cost by selling the right to some future upside (a call), arranged so the insurance and sale balance out and no net premium is paid. It matters because it sets a known range of possible outcomes—capping potential losses and gains—so investors trade unlimited risk for predictable, limited returns, much like buying home insurance paid for by agreeing to share future renovation profits.
European call options financial
"pursuant to which he wrote European call options and purchased European put options"
European put options financial
"pursuant to which he wrote European call options and purchased European put options"
in-the-money financial
"Only one of the options can be in the money on the expiration date"
settled in cash financial
"the first component of the Collar settled in cash and the Reporting Person received a cash amount"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did John C. Malone report in this Form 4 for GLIBA?
John C. Malone reported cash‑settled activity in a previously disclosed zero‑cost collar on Series C GCI Group Common Stock. On August 18–20, 2026, three collar components referencing 13,200 shares each settled, with puts exercised and related calls expiring unexercised.
What are the strike levels of the options in the GLIBA collar?
The collar uses European options referencing Series C GCI Group Common Stock, with call options struck at $41.2049 per share and put options struck at $30.1500 per share for the reported components.
How large is the entire zero-cost collar position disclosed for GLIBA?
The zero‑cost collar covers 200,000 shares of Series C GCI Group Common Stock. It is divided into 15 components, the first five referencing 13,200 shares each and the remaining ten referencing 13,400 shares each, maturing on sequential trading days.
Were the GLIBA collar transactions under a Rule 10b5-1 trading plan?
The Rule 10b5‑1 checkbox for this filing is not marked as affirmative. The footnotes describe the structure and schedule of the zero‑cost collar but do not state that these specific transactions were executed under a Rule 10b5‑1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
