LBTYK Form 4: EVP Andrea Salvato disposes of 90,000 LBTY shares

Rhea-AI Filing Summary

Liberty Global Ltd. (LBTY) reporting person Andrea Salvato, EVP & Chief Development Officer, disclosed a series of open-market sales on 08/18/2025 and 08/19/2025. Ms. Salvato sold a total of 90,000 shares across two classes: 45,000 Class A common shares and 45,000 Class C common shares, at prices ranging from $11.40 to $11.5849.

Following the transactions, the filing shows Ms. Salvato beneficially owns 143,571 Class A shares and 141,293 Class C shares. The form was signed by an attorney-in-fact on 08/20/2025 and notes the issuer's trading symbols for its share classes.

Positive

• None.

Negative

• Officer sold 90,000 shares (45,000 Class A and 45,000 Class C) on 08/18–08/19/2025
• Sales executed at prices between $11.40 and $11.5849, reducing insider stock positions

Insights

Securities Analyst

TL;DR: Insider sales of 90,000 shares at ~$11.40 suggest executive divestiture but appear routine based on disclosed holdings.

The reporting shows Andrea Salvato, an executive, conducted planned open-market dispositions totaling 90,000 shares over two days at prices between $11.40 and $11.5849. Post-sale ownership remains material—over 140,000 shares in each class—indicating continued substantial stake. For investors, such sales are notable but not necessarily negative without additional context on timing or a pattern of disposals. The filing contains no information on 10b5-1 plans or the purpose of sales.

Corporate Governance Expert

TL;DR: Executive sale disclosed promptly; filing is routine and compliant but lacks explanation of rationale.

The Form 4 documents timely reporting of multiple transactions by an officer. The aggregate sale size and remaining holdings are provided, which supports transparency. However, the form does not state whether the trades were under a pre-arranged trading plan or for personal liquidity needs. Absence of such detail prevents assessment of governance implications beyond standard disclosure.

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 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 Development Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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	08/18/2025		S		30,000	D	$11.488	158,571	D
Class C Common Shares	08/18/2025		S		30,000	D	$11.5849	156,293	D
Class A Common Shares	08/19/2025		S		15,000	D	$11.4	143,571	D
Class C Common Shares	08/19/2025		S		15,000	D	$11.43	141,293	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

Explanation of Responses:

Remarks:

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

	/s/ Cory Smith, Attorney-in-Fact	08/20/2025
	** 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 shares did Andrea Salvato sell according to the Form 4 for LBTYK?

The Form 4 reports sales of 45,000 Class A common shares and 45,000 Class C common shares, for a total of 90,000 shares.

On which dates were the insider transactions reported for Liberty Global (LBTYK)?

Transactions occurred on 08/18/2025 and 08/19/2025, and the Form 4 was signed on 08/20/2025.

At what prices were the Liberty Global shares sold in the filing?

Reported sale prices ranged from $11.40 to $11.5849 per share across the transactions.

How many shares does Andrea Salvato beneficially own after the reported transactions?

After the sales, the filing shows 143,571 Class A shares and 141,293 Class C shares beneficially owned.

Does the Form 4 state whether the sales were made under a 10b5-1 trading plan?

The filing does not state that the transactions were made pursuant to a 10b5-1 plan; no such plan is mentioned in the reported fields.