Company: LBRDK
Filing Date: 2025-06-17
Form Type: 11-K
Source: 0001611983-25-000024
Chunk: 8

Company: Liberty Broadband Corp
Filing Date: 2025-06-17
Form: 11-K
Chunk 8
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 accompanying financial statements at fair value. Fair value represents the closing prices at December 31, 2024 and 2023 for those securities having readily available market quotations. The following closing market prices have been used to value the stock of Liberty Broadband:

| ​                                       
 ​                                       | ​ 
 ​ 
 ​ | ​            
 December 31, 
 ​            |     ​ 
  2024 | ​ | ​ 
 ​ |     ​ 
  2023 | ​ |
|:----------------------------------------|:--|:-------------|------:|:--|:--|------:|:--|
| Liberty Broadband Series C common stock | ​ | $            | 74.76 | ​ | ​ | 80.59 | ​ |
| Liberty Broadband Preferred Stock       | ​ | $            | 24.27 | ​ | ​ | 22.05 | ​ |

(6) Fair Value Measurements Following are descriptions of the valuation methodologies used for assets measured at fair value. Mutual funds : Valued at the quoted Net Asset Value ("NAV") of shares held by the Plan at year-end. Mutual funds held by the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily NAV and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded and are classified as Level 1. Common and preferred stocks : The fair value of these investments is based on the closing price per the principal stock exchange on which they are traded and are classified as Level 1. Collective trust: The Morley Stable Value Fund is valued based on the reported NAV. The NAV is used as a practical expedient to estimate fair value. As of December 31, 2024, the Morley Stable Value Fund is no longer an investment option available in the Plan. Self-directed brokerage accounts:This asset category represents a separate brokerage account that offers a wide range of investment opportunities including mutual funds, common stocks listed on major U.S. exchanges and fixed-income securities, including government bonds, corporate bonds and certificates of deposit. The fair value of common stocks and other exchange traded investments that are publicly traded is based on the closing price per the principal stock exchange on which they are traded and are classified as Level 1. The fair value of mutual funds is based on the net asset values of shares held at year-end and are classified as Level 1. The fair value of certain fixed-income securities, including corporate bonds and certificates of deposit