Liberty Broadband Corp (LBRDA) logs insider share trades
Rhea-AI Filing Summary
Liberty Broadband Corp (symbol: LBRDA) is the issuer of record for a Form 4 filing submitted to the SEC.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 8,734,516 shares
Net Sell
18 txns
Insider
MALONE JOHN C
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Derivative Expiration | Call option(obligation to sell) F2, F6, F7 | 66,000 | $0.00 | $0.00 |
| In-the-Money Exercise | Put option (right to sell) F2, F6, F7 | 66,000 | $0.00 | $0.00 |
| Other | Call option(obligation to sell) F8, F6, F7 | 868,000 | -- | -- |
| Other | Put option (right to sell) F8, F6, F7 | 868,000 | -- | -- |
| Other | Call option(obligation to sell) F9, F10, F11 | 400,000 | -- | -- |
| Other | Put option (right to sell) F9, F10, F11 | 400,000 | -- | -- |
| In-the-Money Exercise | Series C Common Stock F2 | 66,000 | $88.3681 | $5.83M |
| Disposition | Series A Common Stock F3 | 1,153,227 | -- | -- |
| Disposition | Series B Common Stock F4, F3 | 58,184 | -- | -- |
| Disposition | Series C Common Stock F3 | 6,614,933 | -- | -- |
| Disposition | Series B Common Stock F4, F3 | 122,649 | -- | -- |
| Disposition | Series A Common Stock F3, F5 | 25,444 | -- | -- |
| Disposition | Series B Common Stock F4, F3, F5 | 57,641 | -- | -- |
| Disposition | Series C Common Stock F3, F5 | 357,106 | -- | -- |
| Disposition | Series C Common Stock F3 | 213,332 | -- | -- |
| Derivative Expiration | Call option(obligation to sell) F1, F6, F7 | 66,000 | $0.00 | $0.00 |
| In-the-Money Exercise | Put option (right to sell) F1, F6, F7 | 66,000 | $0.00 | $0.00 |
| In-the-Money Exercise | Series C Common Stock F1 | 66,000 | $88.3681 | $5.83M |
Holdings After Transaction:
Call option(obligation to sell) — 0 shares (Direct);
Put option (right to sell) — 0 shares (Direct);
Series A Common Stock — 0 shares (Direct);
Series B Common Stock — 0 shares (Direct);
Series C Common Stock — 0 shares (Direct);
Series B Common Stock — 0 shares (Indirect, John C. Malone June 2003 Charitable Remainder Unitrust);
Series A Common Stock — 0 shares (Indirect, Leslie A. Malone 1995 Revocable Trust);
Series B Common Stock — 0 shares (Indirect, Leslie A. Malone 1995 Revocable Trust);
Series C Common Stock — 0 shares (Indirect, Leslie A. Malone 1995 Revocable Trust);
Series C Common Stock — 0 shares (Indirect, Malone LG 2013 Charitable Remainder Unitrust)
Footnotes (11)
- F1. On August 18, 2026, the Reporting Person physically settled the first component of the 2019 Transaction (as defined in the Remarks section).
- F2. On August 19, 2026, the Reporting Person physically settled the second component of the 2019 Transaction.
- F3. Pursuant to the terms of the Merger Agreement (as defined in the Remarks section), at the effective time of the Merger (as defined in the Remarks section), each share of the Issuer's Series A Common Stock, Series B Common Stock and Series C Common Stock issued and outstanding immediately prior to the effective time of the Merger was automatically converted into 0.2360 of a share of Charter Communications, Inc. ("Charter") Class A common stock ("Charter Common Stock"), except that cash (without interest) was paid in lieu of fractional shares.
- F4. Each share of Series B Common Stock is convertible, at the holder's election, into one share of Series A Common Stock, at any time for no consideration other than the surrender of the share of Series B Common Stock for each share of Series A Common Stock.
- F5. The Reporting Person disclaims beneficial ownership of these shares owned by his spouse.
- F6. The 2019 Transaction is divided into 15 components, each of the first 5 of which are with respect to 66,000 shares of Series C Common Stock and each of the next 10 of which are with respect to 67,000 shares of Series C Common Stock. The components mature on sequential trading days over the period beginning on August 18, 2026 and ending on September 8, 2026.
- F7. The 2019 Transaction is a "zero-cost collar" in which no premium was exchanged for either the call options or the put options.
- F8. As a result of the Merger, the dealer counterparty to the 2019 Transaction adjusted the transaction pursuant to its terms to (i) substitute each Share of Series C Common Stock underlying the 2019 Transaction for 0.2360 shares of Charter Common Stock and (ii) adjusted the strike prices of the call options and put options.
- F9. As a result of the Merger, the dealer counterparty to the 2021 Transaction (as defined in the Remarks section) adjusted the transaction pursuant to its terms to (i) substitute each Share of Series C Common Stock underlying the 2021 Transaction for 0.2360 shares of Charter Common Stock and (ii) adjusted the strike prices of the call options and put options.
- F10. The 2021 Transaction is divided into 5 components, each of which are with respect to 80,000 shares of Series C Common Stock. The components mature on sequential trading days over the period beginning on August 21, 2028 and ending on August 25, 2028.
- F11. The 2021 Transaction is a "zero-cost collar" in which no premium was exchanged for either the call options or the put options.
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