Liberty Global (LBTYA) CTO gets large share and RSU awards

Rhea-AI Filing Summary

Liberty Global Ltd. executive vice president and chief technology officer Enrique Rodriguez received equity compensation tied to the company’s 2025 Annual Performance Award. He was granted 178,462 Class A common shares and 178,462 Class C common shares, plus 22,307 Restricted Share Units for Class A shares and 22,307 Restricted Share Units for Class C shares, each RSU representing one underlying share.

To satisfy tax obligations, 84,128 Class A shares at $12.54 and 84,128 Class C shares at $12.36 were withheld, leaving 100,209 Class A and 106,085 Class C shares held directly. He also holds 355,891 Class A and 566,676 Class C shares indirectly through a trust, and 15,892 Class C shares through a 401(k) plan. The RSUs are scheduled to vest on March 1, 2027 if the underlying bonus shares are not sold or transferred before that date.

Insights

Equity compensation analyst

Compensation-related equity grants with tax withholding, no open-market trading.

Enrique Rodriguez, EVP and CTO of Liberty Global Ltd., received large share and RSU awards as part of the 2025 Annual Performance Award. These include Class A and Class C common shares plus additional RSUs equal to 12.5% of the shares received.

Shares were also withheld at $12.54 and $12.36 to cover tax liabilities, a standard non-market mechanism. There are no reported open-market purchases or sales in this data, and remaining direct and indirect holdings in both classes of stock are substantial, indicating this is routine compensation rather than a change in investment stance.

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

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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 CO 80202

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/06/2026		A		178,462(1)	A	(1)	184,337	D
Class A Common Shares	03/06/2026		F		84,128	D	$12.54	100,209	D
Class C Common Shares	03/06/2026		A		178,462(1)	A	(1)	190,213	D
Class C Common Shares	03/06/2026		F		84,128	D	$12.36	106,085	D
Class A Common Shares								355,891	I	By Trust(2)
Class C Common Shares								566,676	I	By Trust(2)
Class C Common Shares								15,892	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	(3)	03/06/2026		A		22,307		(4)	(4)	Class A Common Shares	22,307	(3)	22,307	D
Restricted Share Units C	(3)	03/06/2026		A		22,307		(4)	(4)	Class C Common Shares	22,307	(3)	22,307	D

Explanation of Responses:

1. Class A and Class C common shares of the Issuer received by the Reporting Person pursuant to the Issuer's 2025 Annual Performance Award for employees (which was paid in part in shares), subject to applicable tax withholding.

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

3. 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.

4. Based on the Reporting Person's receipt of shares as part of the 2025 Annual Performance Award described in footnote 1, the Reporting Person also received RSUs equal to 12.5% of such shares received pursuant to the shareholding incentive program of the 2025 Annual Performance Award program. These RSUs will vest in full on March 1, 2027, provided that the Reporting Person does not sell, transfer or otherwise dispose of the Bonus Shares through such date.

Remarks:

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

	/s/ Cory Smith, Attorney-in-Fact	03/10/2026
	** 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.
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FAQ

What did Liberty Global (LBTYA) CTO Enrique Rodriguez receive in this Form 4 filing?

Enrique Rodriguez received 178,462 Class A and 178,462 Class C common shares, plus 22,307 RSUs for each share class. These equity awards were granted under Liberty Global’s 2025 Annual Performance Award program and represent part of his compensation package, not open-market purchases.

Were any Liberty Global (LBTYA) shares sold by Enrique Rodriguez in this report?

No open-market sales are reported. Instead, 84,128 Class A shares at $12.54 and 84,128 Class C shares at $12.36 were withheld to cover tax obligations. This tax-withholding mechanism reduces net shares delivered but does not represent discretionary selling into the market.

How many Liberty Global (LBTYA) shares does Enrique Rodriguez hold after these transactions?

Following the transactions, Rodriguez holds 100,209 Class A and 106,085 Class C shares directly. Indirectly, he holds 355,891 Class A and 566,676 Class C shares through a trust, plus 15,892 Class C shares through a 401(k) plan, according to the Form 4 data.

What are the terms of the Liberty Global (LBTYA) RSUs granted to Enrique Rodriguez?

Each RSU represents one Class A or Class C share, as applicable. Additional RSUs equal to 12.5% of shares received under the 2025 Annual Performance Award will vest on March 1, 2027, provided he does not sell, transfer, or dispose of the related bonus shares before that date.

Is the Liberty Global (LBTYA) Form 4 for Enrique Rodriguez a strong buy or sell signal?

The Form 4 mainly reflects compensation grants and tax withholding, not open-market trading. Awards of Class A and Class C shares, plus RSUs, arose from the 2025 Annual Performance Award program, making this a routine compensation event rather than a directional trading signal.