Liberty Global (LBTYA) director receives twin option grants expiring in 2036

Rhea-AI Filing Summary

Liberty Global Ltd. director Larry E. Romrell reported receiving two new stock option awards. On June 23, 2026, he was granted options to acquire 25,624 Class C common shares at an exercise price of $10.78 per share and options to acquire 25,624 Class A common shares at an exercise price of $11.21 per share. Both option series show 25,624 derivative securities outstanding following the transactions and carry expiration dates of June 23, 2036. According to the footnote, each option grant vests in three equal annual installments beginning on the date of Liberty Global’s 2027 annual general meeting of shareholders and on the date of each annual general meeting thereafter.

Insights

Equity compensation analyst

Director received routine option grants as equity compensation, with long-dated expiries and multi-year vesting.

Director Larry E. Romrell received two option awards, each for 25,624 shares, linked to Class A and Class C common shares. Exercise prices are $11.21 and $10.78 per share, with expiration on June 23, 2036.

The filing classifies both as grant, award, or other acquisition transactions, not open-market purchases or sales. Vesting occurs in three equal annual installments starting at the 2027 annual general meeting and at each following annual meeting, tying compensation to continued board service.

Because these are standard equity compensation grants without accompanying sales or large position changes, they typically represent routine governance practice rather than a directional signal about Liberty Global’s near-term share performance.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider ROMRELL LARRY E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Share Option A (right to buy)	25,624	$0.00	$0.00
Grant/Award	Share Option C (right to buy)	25,624	$0.00	$0.00

Holdings After Transaction: Share Option A (right to buy) — 25,624 shares (Direct); Share Option C (right to buy) — 25,624 shares (Direct)

Footnotes (1)

1. F1. The option vests in three equal annual installments commencing on the date of the Issuer's 2027 annual general meeting of shareholders and on the date of each annual general meeting of shareholders thereafter.

Key Figures

Class C options granted: 25,624 options Class C exercise price: $10.78 per share Class A options granted: 25,624 options +3 more

6 metrics

Class C options granted 25,624 options Share Option C grant on June 23, 2026

Class C exercise price $10.78 per share Conversion/exercise price for Class C options

Class A options granted 25,624 options Share Option A grant on June 23, 2026

Class A exercise price $11.21 per share Conversion/exercise price for Class A options

Options expiration June 23, 2036 Expiration date for both option grants

Vesting schedule Three equal annual installments Beginning at 2027 annual general meeting

Key Terms

Share Option C (right to buy), Share Option A (right to buy), Class C Common Shares, Class A Common Shares, +2 more

6 terms

Share Option C (right to buy) financial

"security_title: "Share Option C (right to buy)""

Share Option A (right to buy) financial

"security_title: "Share Option A (right to buy)""

Class C Common Shares financial

"underlying_security_title: "Class C Common Shares""

Class A Common Shares financial

"underlying_security_title: "Class A Common Shares""

A Class A common share is a specific type of ordinary company share that represents an ownership stake and usually carries particular voting rights or payout priorities compared with other share classes. For investors it matters because those differences affect how much influence you have over company decisions, how dividends or liquidation proceeds might be distributed, and how easily the shares trade — like choosing between car models where one has extra features (more control) and another focuses on price or availability (liquidity).

Grant, award, or other acquisition regulatory

"transaction_code_description: "Grant, award, or other acquisition""

annual general meeting of shareholders regulatory

"The option vests in three equal annual installments commencing on the date of the Issuer's 2027 annual general meeting of shareholders"

FAQ

What did Liberty Global (LBTYA) director Larry E. Romrell report in this Form 4?

He reported receiving two stock option grants, each covering 25,624 shares, tied to Liberty Global’s Class A and Class C common shares, as part of equity compensation, with no open-market share purchases or sales disclosed in this filing.

How many Liberty Global options were granted to Larry E. Romrell in this transaction?

He received 25,624 options on Class C common shares and 25,624 options on Class A common shares. Each grant represents a separate derivative position, as shown by 25,624 derivative securities outstanding following each transaction in the Form 4.

What are the exercise prices of Larry E. Romrell’s new Liberty Global options?

The options on Class C common shares carry an exercise price of $10.78 per share, while the options on Class A common shares have an exercise price of $11.21 per share, as disclosed in the derivative transaction details of the Form 4 filing.

When do Larry E. Romrell’s Liberty Global option grants expire?

Both the Class A and Class C option grants reported in this Form 4 expire on June 23, 2036. This long-dated expiration provides a multi-year window during which the director can choose to exercise the options if vesting and other terms are satisfied.

How do Larry E. Romrell’s Liberty Global options vest according to the Form 4 footnote?

The footnote states each option vests in three equal annual installments. Vesting starts on the date of Liberty Global’s 2027 annual general meeting of shareholders and continues on the date of each annual general meeting of shareholders thereafter, aligning with ongoing board service.

Were any Liberty Global shares bought or sold on the market in this Form 4?

No open-market share purchases or sales are reported. The Form 4 classifies both transactions as grant, award, or other acquisition of derivative securities, meaning they are equity compensation awards rather than discretionary market trades by the director.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/25/2026 - 05:37 PM Accepted by SEC EDGAR 06/25/2026 - 05:36 PM Learn about SEC filing dates

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^*

ROMRELL LARRY E

(Last) (First) (Middle)

1550 WEWATTA STREET, STE 1000

(Street)

DENVER COLORADO 80202

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Liberty Global Ltd. [ LBTY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price

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
Share Option A (right to buy)	$11.21	06/23/2026		A		25,624		(1)	06/23/2036	Class A Common Shares	25,624	$0	25,624	D
Share Option C (right to buy)	$10.78	06/23/2026		A		25,624		(1)	06/23/2036	Class C Common Shares	25,624	$0	25,624	D

Explanation of Responses:

1. The option vests in three equal annual installments commencing on the date of the Issuer's 2027 annual general meeting of shareholders and on the date of each annual general meeting of shareholders thereafter.

Remarks:

The trading symbols for the Issuer's classes of common shares are LBTYA, LBTYB, and LBTYK.

	/s/ Colton Lyons, Attorney-in-Fact	06/25/2026
	** 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.
* Form 4: SEC 1474 (03-26)