MALONE JOHN C sold LBRDK
July 14, 2025 · Form 4 insider transaction
MALONE JOHN C sold 1,617,040 shares of Liberty Broadband Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Each share of Series B Common Stock is convertible, at the holder's election, into one share of Series A Common Stock, at any time for no consideration other than the surrender of the share of Series B Common Stock for each share of Series A Common Stock.; On July 14, 2025, the Issuer distributed (the "Distribution") .20 of a share of GCI Liberty, Inc.'s Series A, B and C GCI Group Common Stock to holders of the Issuer's Series A, B and C Common Stock, respectively, for each applicable whole share of the Issuer's Series A, B and C Common Stock owned by such holders of record on the record date for the Distribution, with cash (with no interest) paid in lieu of fractional shares. In connection with the Distribution, on July 14, 2025, pursuant to the terms of that certain Exchange Side Letter, dated as of November 12, 2024, by and among the Issuer, Mr. Malone and certain affiliated trusts (collectively, the "Malone exchange group"), 1,617,040 shares of the Issuer's Series B Common Stock were exchanged by the Malone exchange group for 1,617,040 shares of the Issuer's Series C Common Stock.