Company: LBRDK
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001104659-25-106948
Chunk: 6

Company: Liberty Broadband Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part II, Item 5O
Chunk 6
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Item 5. Other Information

As previously disclosed, on each of September 12, 2019 and September 14, 2021 (as amended on March 29, 2023), John C. Malone, Chairman of the board of directors of the Company, entered into “zero-cost collar” arrangements (the “Existing Collar Transactions”) pursuant to which Mr. Malone wrote European call options and purchased European put options referencing shares of Liberty Broadband Series C common stock. In connection with the GCI Divestiture, on July 15, 2025, Bank of America, N.A., the dealer counterparty to the Existing Collar Transactions, adjusted such transactions pursuant to their terms to reflect the economic impact of the GCI Divestiture on the Existing Collar Transactions (the “Adjusted Collar Transactions”). The duration of, and the aggregate number of Company securities covered by, such arrangements remained the same. The Adjusted Collar Transactions may constitute a “non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K and are not intended to satisfy the affirmative defense of Rule 10b5-1(c).