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Liberty Broadband (LBRDK) CLO converts 2,850 RSUs, withholds 971 shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Liberty Broadband Corp executive Renee L. Wilm, Chief Legal/Admin Officer, reported transactions in Series C Common Stock. On August 10, 2026, 2,850 restricted stock units converted into 2,850 shares of Series C Common Stock. In a related transaction, 971 of these shares at $35.88 per share were delivered or withheld for payment of exercise price or tax liability. Footnotes state each restricted stock unit represents a contingent right to one share and reference a merger agreement with Charter Communications under which issuer restricted stock units become fully vested following the merger, with acceleration permitted within 10 business days of August 19, 2026.

Positive

  • None.

Negative

  • None.
Insider Wilm Renee L
Role Chief Legal/Admin Officer
Type Security Shares Price Value
Exercise Restricted Stock Units-LBRDK F2, F3 2,850 $0.00 $0.00
Exercise Series C Common Stock F1 2,850 $0.00 $0.00
Exercise Price or Tax Liability Series C Common Stock 971 $35.88 $35K
Holdings After Transaction: Restricted Stock Units-LBRDK — 0 shares (Direct); Series C Common Stock — 12,312 shares (Direct)
Footnotes (3)
  1. F1. Each restricted stock unit converted into one share of Series C Common Stock.
  2. F2. Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.
  3. F3. On November 12, 2024, the Issuer and Charter Communications, Inc. ("Charter"), among others, entered into an Agreement and Plan of Merger (the "Merger Agreement"). Pursuant to the Merger Agreement, restricted stock units of the Issuer shall automatically become fully vested, within 10 business days of the closing of the merger contemplated therein (the "Acceleration"). The Issuer and Charter entered into a consent letter pursuant to which the parties agreed to permit such Acceleration to occur within 10 business days of August 19, 2026.
RSUs converted 2,850 units Restricted stock units converted into Series C Common Stock on August 10, 2026
Shares acquired 2,850 shares Series C Common Stock received upon RSU conversion on August 10, 2026
Shares delivered/withheld 971 shares Shares used for payment of exercise price or tax liability
Per-share value for withholding $35.88 per share Price applied to 971 shares delivered or withheld
Derivative position after conversion 0 units Restricted stock units reported as remaining after conversion
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
Agreement and Plan of Merger regulatory
"entered into an Agreement and Plan of Merger (the "Merger Agreement")"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Acceleration financial
"restricted stock units of the Issuer shall automatically become fully vested, within 10 business days of the closing"

FAQ

What insider transactions did Liberty Broadband (LBRDK) report for Renee L. Wilm?
Renee L. Wilm reported the conversion of 2,850 restricted stock units into 2,850 shares of Series C Common Stock and the delivery or withholding of 971 shares at $35.88 per share for exercise price or tax liability.

What type of securities did the Liberty Broadband (LBRDK) restricted stock units convert into?
Each Liberty Broadband restricted stock unit converted into one share of Series C Common Stock. Footnotes explain that each unit represents a contingent right to receive one such share upon vesting and related settlement events.

How many Liberty Broadband (LBRDK) shares were used to cover exercise price or taxes?
A total of 971 shares of Liberty Broadband Series C Common Stock were delivered or withheld at $35.88 per share as payment of exercise price or tax liability associated with the equity award settlement.

What role does Renee L. Wilm hold at Liberty Broadband (LBRDK)?
Renee L. Wilm is identified as Chief Legal/Admin Officer of Liberty Broadband. The reported Form 4 transactions relate to her equity compensation in the form of restricted stock units and resulting Series C Common Stock.

How are Liberty Broadband (LBRDK) restricted stock units defined in this filing?
The filing states that each Liberty Broadband restricted stock unit represents a contingent right to receive one share of Series C Common Stock, which converts into actual shares upon vesting and settlement events described in the footnotes.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Wilm Renee L
(Last)(First)(Middle)
12300 LIBERTY BLVD.
(Street)
ENGLEWOOD COLORADO 80112
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Liberty Broadband Corp [ LBRDK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal/Admin Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Series C Common Stock08/10/2026M2,850A$0(1)13,283D
Series C Common Stock08/10/2026F971D$35.8812,312D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units-LBRDK(2)08/10/2026M2,850 (3) (3)Series C Common Stock2,850$0.00000.0000D
Explanation of Responses:
1. Each restricted stock unit converted into one share of Series C Common Stock.
2. Each restricted stock unit represents a contingent right to receive one share of Series C Common Stock.
3. On November 12, 2024, the Issuer and Charter Communications, Inc. ("Charter"), among others, entered into an Agreement and Plan of Merger (the "Merger Agreement"). Pursuant to the Merger Agreement, restricted stock units of the Issuer shall automatically become fully vested, within 10 business days of the closing of the merger contemplated therein (the "Acceleration"). The Issuer and Charter entered into a consent letter pursuant to which the parties agreed to permit such Acceleration to occur within 10 business days of August 19, 2026.
/s/ Brittany A. Uthoff as Attorney-in-Fact for Renee L. Wilm08/12/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR