Liberty Global (LBTYA) CTO exercises RSUs, uses 56,851 shares for taxes

Rhea-AI Filing Summary

Liberty Global Ltd. EVP and CTO Enrique Rodriguez reported routine equity compensation activity involving Restricted Share Units (RSUs) on May 1, 2026. He exercised RSUs covering 116,584 shares, receiving Class A and Class C common shares, including amounts held through the Enrique Rodriguez Management Trust.

To cover tax obligations, 56,851 shares were disposed of via tax-withholding transactions, with Class C shares valued at $11.77 and Class A shares at $11.96. These dispositions were payments of tax liabilities rather than open-market sales. Following these transactions, Rodriguez continues to hold substantial direct and indirect positions in Liberty Global common shares, alongside contributions to his 401(k) Plan.

Insights

Equity compensation analyst

Rodriguez exercised RSUs and had shares withheld for taxes, a routine compensation event with no open-market buying or selling.

The filing shows Liberty Global EVP and CTO Enrique Rodriguez exercising equity awards into common shares. RSU exercises totaling 116,584 shares converted into Class A and Class C common shares, mainly via indirect holdings through the Enrique Rodriguez Management Trust.

To satisfy tax liabilities, the trust delivered 56,851 shares at prices around $11.77–$11.96. These F-code transactions are tax-withholding dispositions, not discretionary market sales. With derivativeSummary empty, the RSUs referenced here have been fully exercised, and Rodriguez retains significant direct and indirect share ownership.

Insider Trade Summary

Net Buyer: 59,733 shares

Net Buy 13 txns

Insider Rodriguez Enrique

Role EVP, Chief Technology Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units A	15,100	$0.00	$0.00
Exercise	Restricted Share Units C	30,200	$0.00	$0.00
Exercise	Restricted Share Units A	18,044	$0.00	$0.00
Exercise	Restricted Share Units C	18,044	$0.00	$0.00
Exercise	Restricted Share Units A	17,598	$0.00	$0.00
Exercise	Restricted Share Units C	17,598	$0.00	$0.00
Exercise	Class A Common Shares	50,742	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Shares	24,835	$11.96	$297K
Exercise	Class C Common Shares	65,842	$0.00	$0.00
Exercise Price or Tax Liability	Class C Common Shares	32,016	$11.77	$377K
holding	Class A Common Shares	--	--	--
holding	Class C Common Shares	--	--	--
holding	Class C Common Shares	--	--	--

Holdings After Transaction: Restricted Share Units A — 53,242 shares (Direct); Restricted Share Units C — 53,242 shares (Direct); Class A Common Shares — 391,065 shares (Indirect, By Trust); Class C Common Shares — 609,769 shares (Indirect, By Trust); Class A Common Shares — 100,209 shares (Direct); Class C Common Shares — 106,085 shares (Direct); Class C Common Shares — 16,968 shares (Indirect, By 401(k) Plan)

Footnotes (6)

1. F1. Each Restricted Share Unit ("RSU") represents a right to receive one share of Issuer's Class A common shares or Class C common shares, as the case may be.
2. F2. Shares are held by the Enrique Rodriguez Management Trust, of which the Reporting Person is the trustee.
3. F3. The Reporting Person received 1,076 shares contributed by Issuer under its 401(k) Plan as of May 1, 2026.
4. F4. The RSUs vest in full on May 1, 2026.
5. F5. The RSUs vest in three equal annual installments commencing on May 1, 2025.
6. F6. The RSUs vest in three equal annual installments commencing on May 1, 2026.

Key Figures

RSU exercises: 116,584 shares Tax-withheld shares: 56,851 shares Class C tax price: $11.77 per share +5 more

8 metrics

RSU exercises 116,584 shares Total RSU shares exercised on May 1, 2026

Tax-withheld shares 56,851 shares Shares delivered to cover tax liabilities

Class C tax price $11.77 per share Value used for Class C tax-withholding disposition

Class A tax price $11.96 per share Value used for Class A tax-withholding disposition

Trust Class C holding 609,769 shares Indirect Class C shares by trust after tax withholding

Trust Class A holding 415,900 shares Indirect Class A shares by trust after RSU exercise

Direct Class A holding 100,209 shares Direct Class A common shares after transactions

Direct Class C holding 106,085 shares Direct Class C common shares after transactions

Key Terms

Restricted Share Unit ("RSU"), tax-withholding disposition, Exercise or conversion of derivative security, 401(k) Plan, +2 more

6 terms

Restricted Share Unit ("RSU") financial

"Each Restricted Share Unit ("RSU") represents a right to receive one share"

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

401(k) Plan financial

"shares contributed by Issuer under its 401(k) Plan as of May 1, 2026"

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

Class A common shares financial

"Issuer's Class A common shares or Class C 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).

Enrique Rodriguez Management Trust financial

"Shares are held by the Enrique Rodriguez Management Trust"

FAQ

What did Liberty Global (LBTYA) EVP Enrique Rodriguez report in this Form 4?

Enrique Rodriguez reported routine equity compensation activity, exercising Restricted Share Units into Class A and Class C common shares. He also had shares delivered to cover tax liabilities, with no open-market purchases or sales disclosed in this Form 4.

How many Liberty Global shares did Enrique Rodriguez acquire through RSU exercises?

Rodriguez exercised Restricted Share Units covering a total of 116,584 shares. These RSUs converted into Liberty Global’s Class A and Class C common shares, increasing his direct and indirect equity exposure through personal holdings and a management trust structure.

How were taxes handled on Enrique Rodriguez’s Liberty Global RSU vesting?

Taxes were paid via share delivery rather than cash. A total of 56,851 shares were used for tax-withholding, including Class C shares at $11.77 and Class A shares at $11.96, reflecting non-market dispositions to satisfy tax obligations on the vested awards.

Did Enrique Rodriguez make any open-market trades in Liberty Global shares?

The Form 4 does not show open-market trades. It reports RSU exercises (M-code) and tax-withholding dispositions (F-code), which are compensation-related and used to cover tax liabilities, rather than discretionary buying or selling on the open market.

How are Enrique Rodriguez’s Liberty Global shares held after these transactions?

Rodriguez holds Liberty Global shares both directly and indirectly. Indirect holdings include shares held by the Enrique Rodriguez Management Trust and contributions under the company’s 401(k) Plan, alongside direct Class A and Class C common share positions reported in the filing.

What do the Liberty Global RSU footnotes reveal about vesting for Enrique Rodriguez?

Footnotes state each RSU converts into one Class A or Class C share. Some RSUs vest in full on May 1, 2026, while others vest in three equal annual installments beginning May 1, 2025 or May 1, 2026, defining Rodriguez’s ongoing equity award schedule.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/05/2026 - 04:17 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^*

Rodriguez Enrique

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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
Class A Common Shares	05/01/2026		M		50,742	A	(1)	415,900	I	By Trust(2)
Class A Common Shares	05/01/2026		F		24,835	D	$11.96	391,065	I	By Trust(2)
Class C Common Shares	05/01/2026		M		65,842	A	(1)	641,785	I	By Trust(2)
Class C Common Shares	05/01/2026		F		32,016	D	$11.77	609,769	I	By Trust(2)
Class A Common Shares								100,209	D
Class C Common Shares								106,085	D
Class C Common Shares								16,968(3)	I	By 401(k) Plan

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
Restricted Share Units A	(1)	05/01/2026		M			15,100	(4)	(4)	Class A Common Shares	15,100	(1)	0	D
Restricted Share Units C	(1)	05/01/2026		M			30,200	(4)	(4)	Class C Common Shares	30,200	(1)	0	D
Restricted Share Units A	(1)	05/01/2026		M			18,044	(5)	(5)	Class A Common Shares	18,044	(1)	18,046	D
Restricted Share Units C	(1)	05/01/2026		M			18,044	(5)	(5)	Class C Common Shares	18,044	(1)	18,046	D
Restricted Share Units A	(1)	05/01/2026		M			17,598	(6)	(6)	Class A Common Shares	17,598	(1)	35,196	D
Restricted Share Units C	(1)	05/01/2026		M			17,598	(6)	(6)	Class C Common Shares	17,598	(1)	35,196	D

Explanation of Responses:

1. Each Restricted Share Unit ("RSU") represents a right to receive one share of Issuer's Class A common shares or Class C common shares, as the case may be.

2. Shares are held by the Enrique Rodriguez Management Trust, of which the Reporting Person is the trustee.

3. The Reporting Person received 1,076 shares contributed by Issuer under its 401(k) Plan as of May 1, 2026.

4. The RSUs vest in full on May 1, 2026.

5. The RSUs vest in three equal annual installments commencing on May 1, 2025.

6. The RSUs vest in three equal annual installments commencing on May 1, 2026.

Remarks:

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

	/s/ Colton Lyons, Attorney-in-Fact	05/05/2026
	** 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)