RBC discloses 331,996 Series A preferred shares in Liberty Broadband (LBRDA)

Rhea-AI Filing Summary

Royal Bank of Canada reported beneficial ownership of 331,996 shares of Liberty Broadband Corporation Series A Cumulative Redeemable Preferred Stock, representing 4.62% of that class as of 03/31/2026. The filing identifies shared voting and dispositive power for 331,996 shares and lists broker‑dealer and adviser subsidiaries involved in the holding. The amendment is signed by a Managing Director on 05/14/2026.

Insights

Securities Compliance Analyst

Schedule 13G/A reports a passive beneficial ownership below 5% with shared voting/dispositive power.

The filing shows 331,996 shares and 4.62% ownership of the Series A preferred as of 03/31/2026, consistent with a passive investor notification under applicable rules. It names RBC affiliates (broker‑dealer, investment advisers, trust) to clarify which entities have roles in the position.

Key dependencies include whether holdings change and future amendments; subsequent filings will reflect any ownership movement or conversion activity.

Institutional Investor Relations Specialist

The filing clarifies voting and disposition are shared, indicating intermediary control arrangements.

Shared voting and dispositive power of 331,996 shares suggests the position is managed across RBC entities rather than held outright by a single discretionary account. The exhibit references a Power of Attorney supporting representation.

Holder structure and any trading by broker or adviser arms will determine future visible ownership; cash‑flow treatment is not stated in the excerpt.

Key Figures

Shares beneficially owned: 331,996 shares Percent of class: 4.62% Sole voting power: 0 +3 more

6 metrics

Shares beneficially owned 331,996 shares Series A preferred stock as of 03/31/2026

Percent of class 4.62% Percentage of Series A preferred as of 03/31/2026

Sole voting power 0 Number of shares with sole voting power reported

Shared voting power 331,996 shares Shares with shared voting power reported

Filed amendment signature date 05/14/2026 Signature date on Amendment No. 5

CUSIP 530307503 Series A Cumulative Redeemable Preferred Stock CUSIP

Key Terms

Schedule 13G/A, shared dispositive power, Series A Cumulative Redeemable Preferred Stock, broker‑dealer

4 terms

Schedule 13G/A regulatory

"Amendment No. 5 and filing header indicating beneficial ownership report"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

shared dispositive power regulatory

"Shared power to dispose or to direct the disposition of: 331,996"

Series A Cumulative Redeemable Preferred Stock financial

"Title of class of securities: Series A Cumulative Redeemable Preferred Stock"

broker‑dealer regulatory

"RBC Capital Markets, LLC: A broker -dealer registered under section 15 of the Act"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Liberty Broadband Corporation

(Name of Issuer)

Series A Cumulative Redeemable Preferred Stock

(Title of Class of Securities)

530307503

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 530307503

1

Names of Reporting Persons

Royal Bank of Canada

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 331,996.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 331,996.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

331,996.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.62 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Liberty Broadband Corporation
(b)	Address of issuer's principal executive offices: 12300 Liberty Blvd, Englewood, CO, 80112
Item 2.
(a)	Name of person filing: Royal Bank of Canada
(b)	Address or principal business office or, if none, residence: 200 Bay Street, Toronto, Ontario, M5J QJ5, Canada
(c)	Citizenship: Canada
(d)	Title of class of securities: Series A Cumulative Redeemable Preferred Stock
(e)	CUSIP No.: 530307503
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 331,996
(b)	Percent of class: 4.62 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 331,996
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 331,996
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. RBC Capital Markets, LLC: A broker -dealer registered under section 15 of the Act (15 U.S.C 78o) and an investment adviser in accordance with ss. 240.13d-1(b)(1)(ii)(E). RBC Rochdale, LLC: An investment adviser in accordance with ss. 240.13d-1(b)(1)(ii)(E). RBC Trust Company (Delaware) Limited is an entity which beneficially owns less than one percent of the reported securities.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Royal Bank of Canada

Signature:	/s/ Terry Fallon
Name/Title:	Managing Director
Date:	05/14/2026

Exhibit Information

99.1 Power of Attorney https://www.sec.gov/Archives/edgar/data/1000275/000121465925015105/ex99_1.htm

FAQ

What stake does Royal Bank of Canada report in LBRDA Series A preferred?

Royal Bank of Canada reports ownership of 331,996 shares, equal to 4.62% of the Series A Cumulative Redeemable Preferred Stock as of 03/31/2026. The filing classifies the holding as ownership of 5 percent or less.

Who at RBC is listed as holding or managing the LBRDA preferred shares?

The filing names multiple RBC entities, including RBC Capital Markets, LLC, RBC Rochdale, LLC, and RBC Trust Company (Delaware) Limited, indicating broker‑dealer and adviser roles tied to the beneficial ownership and management of the position.

What voting and dispositive powers does RBC report for these shares?

RBC reports shared voting power and shared dispositive power over 331,996 shares, with 0 sole voting or dispositive power, indicating joint control arrangements rather than exclusive authority.

Does the filing state who receives proceeds if the shares are sold?

The excerpt does not specify proceeds recipients. The Schedule 13G/A describes beneficial ownership and control attributes; it does not state the cash‑flow treatment or whether sales proceeds would go to the issuer or selling holders.

What date anchors are reported in the Schedule 13G/A for LBRDA ownership?

The filing lists the ownership position "as of" 03/31/2026 and shows an amendment signature dated 05/14/2026. The ownership percentage (4.62%) is tied to the 03/31/2026 position date.