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  4. [Form 4] Liberty Broadband Corp Insider Trading Activity

Liberty Broadband (LBRDA) director sells 25,000 shares in open market

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Liberty Broadband Corp director J. David Wargo reported open‑market sales of company stock. On February 18, 2026, he sold 7,000 shares of Series A Common Stock at a weighted average price of $55.3717 per share, leaving 12,150 Series A shares held directly.

On the same date, he sold 18,000 shares of Series C Common Stock at a weighted average price of $55.5443 per share, with 20,057 Series C shares held directly afterward. The weighted average prices reflect multiple trades within stated price ranges. Additional Series A and Series C shares are held indirectly by his spouse, and he disclaims beneficial ownership of those shares.

Positive

  • None.

Negative

  • None.
Insider WARGO J DAVID
Role Director
Sold 25,000 shs ($1.39M)
Type Security Shares Price Value
Sale Series A Common Stock 7,000 $55.3717 $388K
Sale Series C Common Stock 18,000 $55.5443 $1000K
holding Series A Common Stock -- -- --
holding Series C Common Stock -- -- --
Holdings After Transaction: Series A Common Stock — 12,150 shares (Direct); Series C Common Stock — 20,057 shares (Direct); Series A Common Stock — 471 shares (Indirect, By Spouse); Series C Common Stock — 1,452 shares (Indirect, By Spouse)
Footnotes (1)
  1. The price is a weighted average price. These shares were sold in multiple transactions ranging from $54.9607 to $55.8730, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range. The price is a weighted average price. These shares were sold in multiple transactions ranging from $55.0500 to $56.0121, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range. The reporting person disclaims beneficial ownership of these shares owned by his spouse.
Form 4 Insider Transactions: What Each Field Means →
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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
WARGO J DAVID
(Last) (First) (Middle)
12300 LIBERTY BLVD.
(Street)
ENGLEWOOD CO 80112
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Liberty Broadband Corp [ LBRDK ] 		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)
02/18/2026
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 A Common Stock 02/18/2026 S 7,000 D $55.3717(1) 12,150 D
Series C Common Stock 02/18/2026 S 18,000 D $55.5443(2) 20,057 D
Series A Common Stock 471 I By Spouse(3)
Series C Common Stock 1,452 I By Spouse(3)
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
Explanation of Responses:
1. The price is a weighted average price. These shares were sold in multiple transactions ranging from $54.9607 to $55.8730, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
2. The price is a weighted average price. These shares were sold in multiple transactions ranging from $55.0500 to $56.0121, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
3. The reporting person disclaims beneficial ownership of these shares owned by his spouse.
/s/ Brittany A. Uthoff as Attorney-in-Fact for J. David Wargo 02/23/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Liberty Broadband (LBRDA) report for J. David Wargo?

Liberty Broadband director J. David Wargo reported selling Series A and Series C Common Stock. He sold 7,000 Series A shares and 18,000 Series C shares in open‑market transactions, all on February 18, 2026, at weighted average prices in the mid‑$50 range.

How many Liberty Broadband shares did J. David Wargo sell and at what prices?

J. David Wargo sold 7,000 Series A shares at a weighted average price of $55.3717 and 18,000 Series C shares at a weighted average price of $55.5443. Both blocks were executed through multiple trades within specified price ranges on February 18, 2026.

How many Liberty Broadband shares does J. David Wargo hold after these sales?

After the reported sales, J. David Wargo directly holds 12,150 shares of Series A Common Stock and 20,057 shares of Series C Common Stock. Additional Series A and Series C shares are reported as held indirectly by his spouse, with beneficial ownership disclaimed.

What do the weighted average prices in Wargo’s Liberty Broadband trades mean?

The weighted average prices mean each reported price reflects many individual trades executed at different prices that day. For Series A, trades ranged from $54.9607 to $55.8730; for Series C, from $55.0500 to $56.0121, all consolidated into single average prices.

How are Wargo’s spouse-held Liberty Broadband shares treated in this Form 4?

Shares held by Wargo’s spouse are reported as indirect holdings, labeled “By Spouse.” The filing states that Wargo disclaims beneficial ownership of these spouse-owned shares, meaning he does not claim economic ownership even though they appear in the overall ownership reporting.

Were J. David Wargo’s Liberty Broadband trades open-market sales or another type of transaction?

The transactions are classified as open‑market sales. The Form 4 uses transaction code “S” and describes them as sales in open‑market or private transactions, indicating they were ordinary dispositions of shares rather than option exercises, gifts, or other special transaction types.