Wilm Renee L

Wilm Renee L., Chief Legal/Admin Officer across Liberty Media’s corporate structure, has filed 56 Form 4 transactions spanning five related tracking stocks, with a pronounced sell-side posture. Over the reporting period, her open-market sales totaled approximately $2.08 million, while she recorded zero open-market purchases—a pattern that holds even in the most recent filings. On June 15, 2026, she sold shares in two entities: $7,963 worth of Liberty Broadband (LBRDK) and a substantially larger $1,044,773.73 position in Liberty Formula One (FWONK). These two transactions, both coded “S” for open-market sales, represent the entirety of her most recent discretionary trading activity. The broader filing history reinforces this directional bias, though it also reveals the mechanical nature of many transactions. In early March 2026, Wilm had shares withheld to cover tax obligations—$273,520.80 in Liberty Live (LLYVK) and $665,974.68 in FWONK—both coded “F,” which are automatic and not discretionary. She also received zero-value grants (“A”) in LLYVK and FWONK in February 2026, consistent with equity compensation. A cluster of “J” transactions in December 2025, all valued at zero, reflect corporate reorganizations or conversions rather than market activity. The only option exercise in the recent window was a modest $18,931.20 in GLIBK on December 11, 2025, paired with a grant two days earlier. Across all 56 filings, the absence of any “P” purchases is striking, as is the concentration of realized value in FWONK, which accounts for the bulk of her $2.08 million in sales. The December 2025 activity—option exercises in LBRDK, FWONK, and GLIBK followed by tax-withholding sales—suggests routine vesting cycles, but the June 2026 open-market sales in LBRDK and FWONK stand apart as deliberate reductions. With no buys on record, Wilm’s pattern is unambiguously one of monetization rather than accumulation, though the mix of automatic and discretionary codes indicates that much of the selling is tied to compensation mechanics rather than active portfolio management.