Form 4: Jason Waldron Sells Class A and C Shares of Liberty Global

Rhea-AI Filing Summary

Liberty Global Ltd. reporting person Jason Waldron, SVP & CAO, disclosed insider sales on 08/15/2025 of 17,899 Class A common shares at a weighted-average price of $11.4946 and 16,481 Class C common shares at a weighted-average price of $11.6178. After those transactions, the filing shows indirect beneficial ownership of 8,383 Class A shares and 11,584 Class C shares held by the Jason R. Waldron Revocable Trust, for which he is trustee. The Form 4 was signed by an Attorney-in-Fact on 08/19/2025. The form states the trading symbols for the issuer's classes are LBTYA, LBTYB, and LBTYK.

Positive

• Timely, detailed disclosure of insider sales including quantities, weighted-average prices, and indirect ownership vehicle
• Commitment to transparency by offering to provide the number of shares sold at each separate price upon request

Negative

• Insider sales of material size: 17,899 Class A and 16,481 Class C shares disposed on 08/15/2025 which could be perceived negatively by some investors
• Post-sale beneficial ownership reduced to indirect holdings of 8,383 Class A and 11,584 Class C shares in a revocable trust

Insights

Financial Analyst

TL;DR Insider sales of both Class A and Class C shares were reported, with post-sale indirect holdings disclosed via a revocable trust.

The Form 4 documents concurrent sales of 17,899 Class A and 16,481 Class C shares on 08/15/2025 at weighted-average prices of $11.4946 and $11.6178 respectively. Post-transaction beneficial ownership is shown as indirect via a revocable trust (8,383 Class A; 11,584 Class C). The disclosure includes weighted-average price ranges and commits to provide granular pricing on request. From a market-impact perspective, the filing provides clear quantities and prices but contains no information on whether the sales were opportunistic, routine, or for personal reasons; thus the market interpretation requires additional context not present here.

Corporate Governance Expert

TL;DR The filing is a standard, timely Form 4 reporting trustee-held shares and executed sales; it documents compliance with Section 16 reporting.

The report identifies the reporting person, relationship to the issuer (SVP & CAO), exact transaction dates, share counts, weighted-average prices, and the indirect ownership vehicle (Jason R. Waldron Revocable Trust). The signature block shows an attorney-in-fact executed the filing on 08/19/2025. The disclosure meets routine governance expectations by specifying price ranges and providing to-the-staff availability of per-price sale breakdowns, supporting regulatory transparency.

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^*

Waldron Jason

(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)
	SVP & CAO

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		S		17,899	D	$11.4946(1)	8,383	I	By Trust(2)
Class C Common Shares	08/15/2025		S		16,481	D	$11.6178(3)	11,584	I	By Trust(2)

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

Explanation of Responses:

1. The price reflects a weighted average of sales made at prices ranging from $11.4753 to $11.51. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares sold at each separate price.

2. Shares are held by the Jason R. Waldron Revocable Trust, of which the Reporting Person is the trustee.

3. The price reflects a weighted average of sales made at prices ranging from $11.58 to $11.665. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares sold at each separate price.

Remarks:

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

	/s/ Cory Smith, Attorney-in-Fact	08/19/2025
	** 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.

FAQ

What insider transactions did Jason Waldron report for Liberty Global (LBTYK)?

The Form 4 reports sales on 08/15/2025 of 17,899 Class A shares at a weighted-average price of $11.4946 and 16,481 Class C shares at a weighted-average price of $11.6178.

How many Liberty Global shares does Jason Waldron beneficially own after the reported transactions?

After the reported sales, the filing shows indirect beneficial ownership of 8,383 Class A shares and 11,584 Class C shares held by the Jason R. Waldron Revocable Trust.

When were the transactions and when was the Form 4 filed?

The transactions occurred on 08/15/2025 and the Form 4 was signed by an attorney-in-fact on 08/19/2025.

What prices were the Liberty Global shares sold at?

The filing reports weighted-average sale prices: $11.4946 for Class A shares (range $11.4753 to $11.51) and $11.6178 for Class C shares (range $11.58 to $11.665).

Are the sold shares held directly or indirectly?

Post-transaction ownership is reported as indirect, held by the Jason R. Waldron Revocable Trust, for which the reporting person is trustee.