MALONE JOHN C sold GLIBK

Footnotes

As previously disclosed by the Reporting Person, on September 14, 2021, the Reporting Person entered into a "zero-cost collar" arrangement (the "2021 Transaction"), as amended on March 29, 2023, pursuant to which he wrote European call options and purchased European put options referencing shares of the Series C common stock of Liberty Broadband Corporation. In connection with the Spin-Off, the dealer counterparty to the 2021 Transaction adjusted such transaction pursuant to its terms to cause the Reporting Person to be automatically deemed to have entered into the same "zero-cost collar" arrangement with respect to 80,000 shares of the Issuer's Series C GCI Group Common Stock (the "2021 Adjusted Transaction"). Consistent with the 2021 Transaction, only one of the options can be in the money on the expiration date, at which time the in-the-money options will be exercised, and the other options will expire.; If neither the put options nor the call options are in the money on the expiration date, both the put and call options will expire. The 2021 Adjusted Transaction will be settled in cash unless the Reporting Person elects physical settlement.; The 2021 Adjusted Transaction is divided into 5 components, each of which are with respect to 16,000 shares of Series C GCI Group Common Stock, maturing on sequential trading days over the period beginning on August 21, 2028 and ending on August 25, 2028.; Because the 2019 Adjusted Transaction and the 2021 Adjusted Transaction occurred automatically by operation of the terms of the 2019 Transaction and the 2021 Transaction, respectively, the Reporting Person did not provide or receive any consideration in respect of either transaction.