Liberty Global EVP exercises RSUs, pays taxes in stock

Liberty Global Ltd. executive Andrea Salvato, EVP and Chief Development Officer, reported compensation-related equity transactions involving both Class A and Class C common shares.

Rhea-AI Filing Summary

Liberty Global Ltd. executive Andrea Salvato, EVP and Chief Development Officer, reported compensation-related equity transactions involving both Class A and Class C common shares. On May 1, 2026, Salvato exercised restricted share units (RSUs) to acquire 68,407 Class C shares and 51,312 Class A shares.

To cover tax obligations, the company withheld 32,153 Class C shares at $11.77 per share and 24,118 Class A shares at $11.96 per share. These F‑code dispositions are not open‑market sales but share-withholding for taxes tied to RSU vesting.

After these transactions, Salvato directly held 240,965 Class C common shares and 226,148 Class A common shares. Footnotes state that each RSU converts into one common share and that the RSUs vest either in full on May 1, 2026 or in three equal annual installments starting on May 1, 2025 or May 1, 2026.

Insider Trade Summary

119,719 shares exercised/converted

Exercise 10 txns

Insider Salvato Andrea

Role EVP, Chief Development Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units A	17,095	$0.00	$0.00
Exercise	Restricted Share Units C	34,190	$0.00	$0.00
Exercise	Restricted Share Units A	17,323	$0.00	$0.00
Exercise	Restricted Share Units C	17,323	$0.00	$0.00
Exercise	Restricted Share Units A	16,894	$0.00	$0.00
Exercise	Restricted Share Units C	16,894	$0.00	$0.00
Exercise	Class A Common Shares	51,312	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Shares	24,118	$11.96	$288K
Exercise	Class C Common Shares	68,407	$0.00	$0.00
Exercise Price or Tax Liability	Class C Common Shares	32,153	$11.77	$378K

Holdings After Transaction: Restricted Share Units A — 51,112 contracts (Direct); Restricted Share Units C — 51,112 contracts (Direct); Class A Common Shares — 202,030 shares (Direct); Class C Common Shares — 208,812 shares (Direct)

Footnotes (4)

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. The RSUs vest in full on May 1, 2026.
3. F3. The RSUs vest in three equal annual installments commencing on May 1, 2025.
4. F4. The RSUs vest in three equal annual installments commencing on May 1, 2026.

Key Figures

Class C shares acquired: 68,407 shares Class A shares acquired: 51,312 shares Class C shares withheld for taxes: 32,153 shares at $11.77 +5 more

8 metrics

Class C shares acquired 68,407 shares RSU exercises on May 1, 2026

Class A shares acquired 51,312 shares RSU exercises on May 1, 2026

Class C shares withheld for taxes 32,153 shares at $11.77 Tax-withholding disposition (code F)

Class A shares withheld for taxes 24,118 shares at $11.96 Tax-withholding disposition (code F)

Class C shares held after transactions 240,965 shares Direct ownership following May 1, 2026 activity

Class A shares held after transactions 226,148 shares Direct ownership following May 1, 2026 activity

Total RSU exercises 119,719 shares ExerciseShares in transaction summary

Total tax-withholding shares 56,271 shares TaxWithholdingShares in transaction summary

Key Terms

Restricted Share Unit (RSU), tax-withholding disposition, derivative exercise/conversion, vest in three equal annual installments, +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.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

vest in three equal annual installments financial

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

Class A Common Shares financial

"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).

Class C Common Shares financial

"security_title": "Class C Common Shares""

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Salvato Andrea

(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 Development 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		51,312	A	(1)	226,148	D
Class A Common Shares	05/01/2026		F		24,118	D	$11.96	202,030	D
Class C Common Shares	05/01/2026		M		68,407	A	(1)	240,965	D
Class C Common Shares	05/01/2026		F		32,153	D	$11.77	208,812	D

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			17,095	(2)	(2)	Class A Common Shares	17,095	(1)	0	D
Restricted Share Units C	(1)	05/01/2026		M			34,190	(2)	(2)	Class C Common Shares	34,190	(1)	0	D
Restricted Share Units A	(1)	05/01/2026		M			17,323	(3)	(3)	Class A Common Shares	17,323	(1)	17,323	D
Restricted Share Units C	(1)	05/01/2026		M			17,323	(3)	(3)	Class C Common Shares	17,323	(1)	17,323	D
Restricted Share Units A	(1)	05/01/2026		M			16,894	(4)	(4)	Class A Common Shares	16,894	(1)	33,789	D
Restricted Share Units C	(1)	05/01/2026		M			16,894	(4)	(4)	Class C Common Shares	16,894	(1)	33,789	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. The RSUs vest in full on May 1, 2026.

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

4. 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)