T. Rowe Price owns 16.2% of Liberty Live C (NASDAQ: LLYVA) stock

Rhea-AI Filing Summary

T. Rowe Price Investment Management, Inc. has filed a Schedule 13G reporting a significant passive stake in Liberty Live Holdings-C common stock. As of 12/31/2025, it reports beneficial ownership of 10,315,091 shares, representing 16.2% of the class. The firm has sole voting power over 10,294,711 shares and sole dispositive power over 10,315,091 shares, with no shared voting or dispositive power.

The filer is classified as an investment adviser and certifies that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Liberty Live Holdings-C. T. Rowe Price Investment Management also states that the filing should not be construed as an admission that it is the beneficial owner of the securities, and that such beneficial ownership is expressly denied.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

LIBERTY LIVE HOLDINGS-C

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

530909308

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 530909308

1

Names of Reporting Persons

T. Rowe Price Investment Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 10,294,711.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,315,091.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,315,091.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

16.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LIBERTY LIVE HOLDINGS-C
(b)	Address of issuer's principal executive offices: 12300 LIBERTY BLVD., ENGLEWOOD, CO, 80112
Item 2.
(a)	Name of person filing: T. Rowe Price Investment Management, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 530909308
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 10315091
(b)	Percent of class: 16.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 10294711
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 10315091
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Investment Management, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	01/08/2026

FAQ

What does the Schedule 13G filing reveal about T. Rowe Price’s stake in LLYVA?

The filing shows that T. Rowe Price Investment Management, Inc. reports beneficial ownership of 10,315,091 Liberty Live Holdings-C shares, representing 16.2% of the common stock as of 12/31/2025.

How much voting power does T. Rowe Price report in Liberty Live Holdings-C (LLYVA)?

T. Rowe Price reports sole voting power over 10,294,711 Liberty Live Holdings-C common shares and no shared voting power.

What dispositive power does T. Rowe Price have over LLYVA shares?

The firm reports sole dispositive power over 10,315,091 Liberty Live Holdings-C common shares and no shared dispositive power.

Is T. Rowe Price acting as a passive investor in Liberty Live Holdings-C?

Yes. T. Rowe Price certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Liberty Live Holdings-C.

How is T. Rowe Price classified in this LLYVA Schedule 13G filing?

T. Rowe Price Investment Management, Inc. is classified as an investment adviser filing under Rule 13d-1(b).

Does T. Rowe Price admit beneficial ownership of the reported LLYVA shares?

No. T. Rowe Price states that this filing shall not be construed as an admission that it is the beneficial owner of the securities and that such beneficial ownership is expressly denied.

When was the ownership position in Liberty Live Holdings-C measured for this 13G?

The ownership figures, including the 10,315,091 shares and 16.2% stake, are reported as of the 12/31/2025 event date.