Wendling Brian J

Wendling Brian J, serving as CAO & PFO, has filed 45 Form 4 transactions across six companies, with a pronounced sell-side bias. Over the observed period, his open-market sales totaled $954,964.20, while he recorded zero open-market purchases and zero acquisitions. The most recent activity, however, is dominated by non-discretionary events: grants (code A), option exercises (code M), and shares withheld to cover taxes (code F). For instance, on March 5, 2026, he had $144,925.20 withheld in LLYVK and $342,090.96 withheld in FWONK, while earlier grants in SCOR, FWONK, and LLYVK carried no transaction value. The pattern reveals a compensation-driven cadence rather than active trading conviction. In December 2025, a cluster of option exercises and tax-withholding events occurred across FWONK, LBRDK, and GLIBK, with the largest single tax withholding at $205,571.20 in FWONK on December 9. A GLIBK option exercise on December 10 generated $28,668.80 in value, and an LBRDK withholding on December 9 was $30,329.60. All recent trades are coded as A, M, or F—none are open-market purchases (P) or sales (S). The only sale-back-to-issuer (D) or open-market sale activity is absent from the recent window, suggesting the $954,964.20 total sell value was accumulated in earlier filings. Across the entire dataset, Wendling has never recorded a buy, and his sell value is entirely composed of open-market sales, not issuer buybacks. The mix of tickers—SCOR, LLYVK, FWONK, GLIBK, LBRDK—spans Liberty Media’s tracking stocks and related entities, typical for an executive compensated in multiple share classes. The lack of P-coded transactions and the heavy reliance on A, M, and F codes indicate his Form 4 history reflects routine equity compensation administration, not directional bets. No recent open-market sales appear in the last several months, and the most recent sell-side activity is purely mechanical tax withholding.