Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 340

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 340
---
 class of Charter common stock unless simultaneously with such dividend or distribution, as the case may be, Charter makes the same dividend or distribution with respect to each outstanding share of Charter common stock regardless of class. 
 In the case of dividends or other distributions on Charter common stock payable in Charter Class A common stock or Class B common stock, including without limitation, only shares of Charter Class A common stock will be distributed with respect to Charter Class A common stock and only shares of Charter Class B common stock will be distributed with respect to Charter Class B common stock. In the case of any such dividend or distribution payable in shares of Charter Class A common stock or Class B common                                                                                                                                                         |

185

TABLE OF CONTENTS

|                  |     | Rights of Existing Liberty Broadband Stockholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |     | Rights of Charter Stockholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                  |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |     | stock, each class of Charter common stock will receive a dividend or distribution in shares of its class of Charter common stock and the number of shares of each class of Charter common stock payable per share of such class of Charter common stock will be equal in number.                                                                                                                                                                                                                    |
| Reclassification |     | The Liberty Broadband certificate of incorporation provides that Liberty Broadband will not reclassify, subdivide or combine one series of Liberty Broadband common stock without reclassifying, subdividing or combining each other series of Liberty Broadband common stock, on an equal per share basis.                                                                                                                                                                                                                                                                                                                                                                |     | The Charter certificate of incorporation provides that Charter will not in any manner subdivide (by any stock split, stock dividend, reclassification, recapitalization or otherwise) or combine (by reverse stock split, reclassification, recapitalization or otherwise) the outstanding shares of one class of Charter common stock unless the outstanding shares of all classes of Charter common stock will be proportionately subdivided or combined.                                         |
| Preferred Stock  |     | The Liberty Broadband certificate of incorporation authorizes the Liberty Broadband Board from time to time to issue shares of preferred stock in one or more series and with respect to any such series, subject to the terms and conditions of the Liberty Broadband certificate of incorporation, to fix by resolution or resolutions the numbers of shares, designations, powers, preferences and relative, participating, optional or other special rights of such series and any qualifications, limitations or restrictions thereof. 7,300,000 shares of authorized preferred stock of Liberty Broadband have been designated as Liberty Broadband