Liberty Global (LBTYA) director adds shares and gets new equity awards

Rhea-AI Filing Summary

Liberty Global Ltd. director Daniel E. Sanchez reported equity compensation changes. On June 23, 2026, he exercised vested Restricted Share Units, receiving 5,809 Class C common shares and 5,809 Class A common shares. After these conversions, he directly holds 15,876 Class C shares and 12,509 Class A shares.

He also received new awards: options for 12,812 Class C shares at an exercise price of $10.78 per share and options for 12,812 Class A shares at $11.21 per share, both expiring on June 23, 2036. In addition, he was granted 5,230 Class C and 5,230 Class A Restricted Share Units that vest in full on the date of Liberty Global’s 2027 annual general meeting.

Insights

Equity compensation analyst

Filing shows routine director equity vesting and new grants, not open-market trading.

The transactions reflect compensation mechanics at Liberty Global Ltd. Rather than buying or selling in the market, director Daniel E. Sanchez converted previously granted Restricted Share Units into 5,809 Class C and 5,809 Class A common shares on June 23, 2026.

The RSUs had already vested by the 2026 annual general meeting, so this is an exercise-and-hold style event. New awards include options on 12,812 Class C shares at $10.78 and 12,812 Class A shares at $11.21, plus 5,230 RSUs of each class vesting at the 2027 annual meeting.

No shares were sold or disposed of, and derivativeSummary is empty after these conversions, indicating the prior RSU blocks were fully exercised. The new options and RSUs extend his incentive alignment through their vesting schedules and the 2036 option expirations, while market impact depends on future exercises and any later sales.

Insider Trade Summary

11,618 shares exercised/converted

Mixed 8 txns

Insider Sanchez Daniel E.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units A	5,230	$0.00	--
Grant/Award	Restricted Share Units C	5,230	$0.00	--
Grant/Award	Share Option A (right to buy)	12,812	$0.00	--
Grant/Award	Share Option C (right to buy)	12,812	$0.00	--
Exercise	Restricted Share Units A	5,809	$0.00	--
Exercise	Restricted Share Units C	5,809	$0.00	--
Exercise	Class A Common Shares	5,809	$0.00	--
Exercise	Class C Common Shares	5,809	$0.00	--

Holdings After Transaction: Restricted Share Units A — 5,230 shares (Direct, null); Restricted Share Units C — 5,230 shares (Direct, null); Share Option A (right to buy) — 12,812 shares (Direct, null); Share Option C (right to buy) — 12,812 shares (Direct, null); Class A Common Shares — 12,509 shares (Direct, null); Class C Common Shares — 15,876 shares (Direct, null)

Footnotes (1)

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. The RSUs will vest in full on the date of the Issuer's 2027 annual general meeting. 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. The RSUs vested in full on the date of the Issuer's 2026 annual general meeting.

Key Figures

RSUs exercised into Class C shares: 5,809 shares RSUs exercised into Class A shares: 5,809 shares Class C shares held after transactions: 15,876 shares +5 more

8 metrics

RSUs exercised into Class C shares 5,809 shares Converted from Restricted Share Units on June 23, 2026

RSUs exercised into Class A shares 5,809 shares Converted from Restricted Share Units on June 23, 2026

Class C shares held after transactions 15,876 shares Direct ownership following June 23, 2026 exercises

Class A shares held after transactions 12,509 shares Direct ownership following June 23, 2026 exercises

New Class C options 12,812 options at $10.78 Grant on June 23, 2026, expiring June 23, 2036

New Class A options 12,812 options at $11.21 Grant on June 23, 2026, expiring June 23, 2036

New Class C RSUs granted 5,230 units Vest in full at 2027 annual general meeting

New Class A RSUs granted 5,230 units Vest in full at 2027 annual general meeting

Key Terms

Restricted Share Unit, Share Option (right to buy), annual general meeting, exercise or conversion of derivative security, +1 more

5 terms

Restricted Share Unit financial

"Each Restricted Share Unit ("RSU") represents a right to receive one share of Issuer's Class A common shares or Class C common shares"

A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.

Share Option (right to buy) financial

"Share Option C (right to buy) with an exercise price of 10.7800"

annual general meeting financial

"The RSUs will vest in full on the date of the Issuer's 2027 annual general meeting"

exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/25/2026 - 05:38 PM Accepted by SEC EDGAR 06/25/2026 - 05:37 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^*

Sanchez Daniel 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
Class A Common Shares	06/23/2026		M		5,809	A	(1)	12,509	D
Class C Common Shares	06/23/2026		M		5,809	A	(1)	15,876	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)	06/23/2026		A		5,230		(2)	(2)	Class A Common Shares	5,230	(1)	5,230	D
Restricted Share Units C	(1)	06/23/2026		A		5,230		(2)	(2)	Class C Common Shares	5,230	(1)	5,230	D
Share Option A (right to buy)	$11.21	06/23/2026		A		12,812		(3)	06/23/2036	Class A Common Shares	12,812	$0	12,812	D
Share Option C (right to buy)	$10.78	06/23/2026		A		12,812		(3)	06/23/2036	Class C Common Shares	12,812	$0	12,812	D
Restricted Share Units A	(1)	06/23/2026		M			5,809	(4)	(4)	Class A Common Shares	5,809	(1)	0	D
Restricted Share Units C	(1)	06/23/2026		M			5,809	(4)	(4)	Class C Common Shares	5,809	(1)	0	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 will vest in full on the date of the Issuer's 2027 annual general meeting.

3. 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.

4. The RSUs vested in full on the date of the Issuer's 2026 annual general meeting.

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)

FAQ

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

Daniel E. Sanchez reported equity compensation activity, not market trades. He converted vested Restricted Share Units into 5,809 Class C and 5,809 Class A common shares and received new option and RSU grants tied to future annual general meetings and long-dated expirations.

Did Daniel E. Sanchez buy or sell Liberty Global (LBTYA) shares on the market?

He did not report any open-market buys or sells. The Form 4 shows derivative exercises of previously granted RSUs into common shares and new grants of options and RSUs, all characterized as compensation-related acquisitions rather than discretionary market transactions.

How many Liberty Global shares does Daniel E. Sanchez hold after these transactions?

After the RSU conversions on June 23, 2026, he directly holds 15,876 Class C common shares and 12,509 Class A common shares. These figures reflect his reported non-derivative positions following the exercises described in the Form 4 filing data.

What new stock options were granted to the Liberty Global (LBTYA) director?

He received options on 12,812 Class C shares with a $10.78 exercise price and options on 12,812 Class A shares at $11.21. Both option grants expire on June 23, 2036, and vest in three equal annual installments starting at the 2027 annual general meeting.

What new Restricted Share Units did Daniel E. Sanchez receive from Liberty Global?

He was granted 5,230 Restricted Share Units for Class C shares and 5,230 for Class A shares. According to the footnotes, these RSUs will vest in full on the date of Liberty Global’s 2027 annual general meeting, when they can convert into an equal number of common shares.

When did the previously granted Liberty Global RSUs vest and convert into shares?

The Form 4 notes that certain RSUs vested in full on the date of Liberty Global’s 2026 annual general meeting. On June 23, 2026, 5,809 Class C and 5,809 Class A RSUs were exercised, reducing those RSU balances to zero and increasing his direct common share holdings.