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  4. [Form 4] Liberty Global Ltd. Insider Trading Activity

Liberty Global (LBTYA) director reports RSU exercises and new option grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Liberty Global Ltd. director Marisa D. Drew reported equity compensation transactions involving both Class A and Class C shares. On 2026-06-23, she exercised 5,809 Restricted Share Units for Class A and 5,809 for Class C, converting them into the same number of common shares at no cash exercise price. Following these conversions, she holds 9,398 Class C Common Shares and 7,606 Class A Common Shares directly.

She also received new awards of 12,812 options for Class C shares at an exercise price of $10.7800 and 12,812 options for Class A shares at $11.2100, both expiring on June 23, 2036. In addition, she was granted 5,230 Restricted Share Units linked to Class A shares and 5,230 RSUs linked to Class C shares. The filing notes that each RSU represents a right to receive one corresponding common share, that the newly granted RSUs will vest in full on the date of the 2027 annual general meeting, and that the options vest in three equal annual installments starting on the 2027 annual general meeting date. These actions reflect routine, compensation-related acquisitions rather than open‑market trading.

Positive

  • None.

Negative

  • None.
Insider DREW MARISA D
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 — 7,606 shares (Direct, null); Class C Common Shares — 9,398 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.
RSUs exercised Class A 5,809 shares Restricted Share Units A converted to Class A Common Shares on June 23, 2026
RSUs exercised Class C 5,809 shares Restricted Share Units C converted to Class C Common Shares on June 23, 2026
Post-transaction Class A holding 7,606 shares Class A Common Shares directly held after transactions
Post-transaction Class C holding 9,398 shares Class C Common Shares directly held after transactions
New options Class C 12,812 options at $10.7800 Share Option C grant, expiration June 23, 2036
New options Class A 12,812 options at $11.2100 Share Option A grant, expiration June 23, 2036
New RSUs Class A 5,230 units Restricted Share Units A granted, vest at 2027 annual general meeting
New RSUs Class C 5,230 units Restricted Share Units C granted, vest at 2027 annual general meeting
Restricted Share Units 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"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
Share Option C (right to buy) financial
"Share Option C (right to buy) covering 12,812 Class C Common Shares at an exercise price of 10.7800"
Share Option A (right to buy) financial
"Share Option A (right to buy) covering 12,812 Class A Common Shares at an exercise price of 11.2100"
annual general meeting financial
"The RSUs will vest in full on the date of the Issuer's 2027 annual general meeting."
Class A Common Shares financial
"Class A Common Shares with total shares following transaction of 7,606.0000 held directly"
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
"Class C Common Shares with total shares following transaction of 9,398.0000 held directly"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
DREW MARISA D
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Shares06/23/2026M5,809A(1)7,606D
Class C Common Shares06/23/2026M5,809A(1)9,398D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Units A(1)06/23/2026A5,230 (2) (2)Class A Common Shares5,230(1)5,230D
Restricted Share Units C(1)06/23/2026A5,230 (2) (2)Class C Common Shares5,230(1)5,230D
Share Option A (right to buy)$11.2106/23/2026A12,812 (3)06/23/2036Class A Common Shares12,812$012,812D
Share Option C (right to buy)$10.7806/23/2026A12,812 (3)06/23/2036Class C Common Shares12,812$012,812D
Restricted Share Units A(1)06/23/2026M5,809 (4) (4)Class A Common Shares5,809(1)0D
Restricted Share Units C(1)06/23/2026M5,809 (4) (4)Class C Common Shares5,809(1)0D
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-Fact06/25/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Liberty Global (LBTYA) report for Marisa D. Drew?

Liberty Global reported that director Marisa D. Drew exercised 5,809 Restricted Share Units for each of Class A and Class C shares and received new option and RSU awards, all as equity compensation rather than open-market share purchases or sales.

How many Liberty Global Class A and Class C shares does Marisa D. Drew hold after these transactions?

After the reported transactions, Marisa D. Drew directly holds 7,606 Class A Common Shares and 9,398 Class C Common Shares of Liberty Global, reflecting conversions of vested Restricted Share Units into common shares with no open-market buying or selling.

What new share options did Marisa D. Drew receive from Liberty Global (LBTYA)?

She received 12,812 options on Class C Common Shares with a $10.7800 exercise price and 12,812 options on Class A Common Shares at $11.2100, both expiring on June 23, 2036, as part of her director equity compensation package.

When will Marisa D. Drew’s newly granted Liberty Global RSUs vest?

The filing states that the new Restricted Share Units tied to Liberty Global’s Class A and Class C shares, 5,230 units for each class, will vest in full on the date of the company’s 2027 annual general meeting, subject to the standard vesting conditions.

Were Marisa D. Drew’s recent Liberty Global transactions open-market buys or sells?

No. The transactions are classified as exercises of Restricted Share Units and grants of options and RSUs. They represent compensation-related acquisitions and derivative exercises, not open-market share purchases or sales of Liberty Global stock.

What happened to Marisa D. Drew’s previously held Liberty Global RSUs reported in this Form 4?

The Form 4 shows 5,809 Restricted Share Units for each of Class A and Class C being converted into the same number of common shares, bringing those RSU positions to zero and reflecting their full vesting at the 2026 annual general meeting.