Liberty Global (NASDAQ: LBTYA) director Andrew Cole receives new options, RSUs

Rhea-AI Filing Summary

Liberty Global Ltd. director Andrew Cole reported several equity compensation transactions. He exercised 5,809 Class A and 5,809 Class C Restricted Share Units (RSUs) at $0.00, increasing his direct holdings to 24,989 Class A and 45,746 Class C common shares.

Cole also received new equity awards: share options over 12,812 Class A shares at $11.21, options over 12,812 Class C shares at $10.78, and 5,230 new RSUs in each of Class A and Class C. The RSUs vest in full at the issuer’s 2027 annual general meeting, while the options vest in three equal annual installments starting at that meeting and run to June 23, 2036. The filing also notes an indirect holding of 32 Class A shares by his daughter, with beneficial ownership disclaimed.

Insider Trade Summary

11,618 shares exercised/converted

Mixed 9 txns

Insider COLE ANDREW

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	--
holding	Class A Common Shares	--	--	--

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 — 24,989 shares (Direct, null); Class C Common Shares — 45,746 shares (Direct, null); Class A Common Shares — 32 shares (Indirect, By Daughter)

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 Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. 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: 11,618 shares Class A shares held: 24,989 shares Class C shares held: 45,746 shares +5 more

8 metrics

RSUs exercised 11,618 shares 5,809 Class A and 5,809 Class C RSUs converted on June 23, 2026

Class A shares held 24,989 shares Direct Class A common shares following transactions

Class C shares held 45,746 shares Direct Class C common shares following transactions

Option grant Class A 12,812 shares at $11.21 Share Option A (right to buy) expiring June 23, 2036

Option grant Class C 12,812 shares at $10.78 Share Option C (right to buy) expiring June 23, 2036

New RSUs granted A 5,230 units Restricted Share Units A vesting at 2027 annual general meeting

New RSUs granted C 5,230 units Restricted Share Units C vesting at 2027 annual general meeting

Indirect Class A holding 32 shares Class A shares held by daughter; beneficial ownership disclaimed

Key Terms

Restricted Share Unit ("RSU"), derivative security, Share Option A (right to buy), annual general meeting, +1 more

5 terms

Restricted Share Unit ("RSU") financial

"Each Restricted Share Unit ("RSU") represents a right to receive one share..."

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Share Option A (right to buy) financial

"Share Option A (right to buy) ... underlying security title Class A Common Shares"

annual general meeting financial

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

beneficial ownership financial

"The Reporting Person disclaims beneficial ownership of these securities..."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

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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^*

COLE ANDREW

(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)	24,989	D
Class C Common Shares	06/23/2026		M		5,809	A	(1)	45,746	D
Class A Common Shares								32(2)	I	By Daughter

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		(3)	(3)	Class A Common Shares	5,230	(1)	5,230	D
Restricted Share Units C	(1)	06/23/2026		A		5,230		(3)	(3)	Class C Common Shares	5,230	(1)	5,230	D
Share Option A (right to buy)	$11.21	06/23/2026		A		12,812		(4)	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		(4)	06/23/2036	Class C Common Shares	12,812	$0	12,812	D
Restricted Share Units A	(1)	06/23/2026		M			5,809	(5)	(5)	Class A Common Shares	5,809	(1)	0	D
Restricted Share Units C	(1)	06/23/2026		M			5,809	(5)	(5)	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 Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

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

4. 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.

5. 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 Andrew Cole report in this Form 4?

Andrew Cole reported exercising previously granted RSUs and receiving new equity awards. He converted 11,618 RSUs into Class A and C shares and received new options and RSUs as part of his compensation package.

How many Liberty Global Class A and C shares does Andrew Cole hold after these transactions?

After these transactions, Andrew Cole directly holds 24,989 Class A common shares and 45,746 Class C common shares. The filing also lists 32 Class A shares held indirectly by his daughter, with beneficial ownership disclaimed.

What new share options did Andrew Cole receive from Liberty Global (LBTYA)?

Cole received options over 12,812 Class A shares at $11.21 and 12,812 Class C shares at $10.78. These options vest in three equal annual installments starting at the issuer’s 2027 annual general meeting and expire on June 23, 2036.

What new RSUs did Andrew Cole receive in Liberty Global stock?

He was granted 5,230 Restricted Share Units A and 5,230 Restricted Share Units C. Each RSU represents one Class A or Class C common share and will vest in full on the date of Liberty Global’s 2027 annual general meeting.

Did Andrew Cole sell any Liberty Global (LBTYA) shares in this Form 4 filing?

The filing shows no open-market sales. All transactions are classified as derivative exercises or grants, with RSUs converted to shares and new options and RSUs awarded as compensation, rather than shares being sold into the market.

When did previously granted Liberty Global RSUs to Andrew Cole vest?

A disclosed footnote states that certain RSUs vested in full on the date of Liberty Global’s 2026 annual general meeting. Those vested RSUs correspond to the 5,809 Class A and 5,809 Class C units that were exercised into common shares.